Is Obama’s Intent to Cripple American Capitalism?
The Bear on Mar 20 2009 at 8:11 am | Filed under: Economy
When we watch the bumbling and thus far ineffective responses of the Obama administration to the current financial downturn, it’s difficult to come up with an explanation as to why they’ve been unwilling to address the root causes of our economic problems. The President himself veers fairly dramatically from calling it a crisis that’s about to turn into a catastrophe to uttering soothing words of encouragement about better economic times ahead. In light of this, the further question becomes, “What’s at the bottom of the administration’s apparent ineptitude?”
While virtually every economic policy of the new administration – from plans to increase taxes on income and capital gains to proposed cap and trade legislation to a significant increase in the money supply – promises to have a negative effect on the markets, there’s another perhaps more disturbing component of the Obama economic policy, and that is that the President may genuinely hate America and what it stands for.
A number of political commentators have described the Obama administration as having a “collective chip on its shoulder,” and his recent disgraceful treatment of Gordon Brown – the President apparently went to Netflix to pick out his gift to the British Prime Minister, this after he’d sent a bust of Winston Churchill back to Britain – was interpreted by Arthur Herman (“What’s Behind Barack’s Brit Snit,” New York Post, March 9, 2009) as Obama’s seeing the U.S.-Britain relationship as “a historical procession of self-serving white males.” Indeed, the President’s hostility toward capitalism and American democracy, coupled with his lack of understanding of how a capitalist economy works, very possibly figure into his every policy decision.
3 Responses to “Is Obama’s Intent to Cripple American Capitalism?”
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Liberals would never admit they don’t like capitalism because saying so is patently absurd. I doubt they would even admit it to themselves. The bottom line: liberals really don’t like capitalism because “it’s not fair” (you can almost hear the whining in the background).
The fundamental difference between liberals and conservatives is this: conservatives believe in “equal opportunity” and liberals believe in “equal outcome.” It’s that simple. Capitalism provides for equal opportunity, but by its very nature, there will be winners and losers. For the most part, the winners are those that worked the hardest and risked the most. In the liberal mind, the “losers” should be entitled to what the “winners” have earned, even if they didn’t work as hard or risk as much.
Capitalism doesn’t automatically provide for those that don’t work hard or take risks. Liberals hate that. The irony of it all is that without capitalism, there be be virtually no philanthropy to provide help to those that truly do not have the “opportunity” to succeed.
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I would only disagree in that they seem to be proud to decry capitalism these days, even as a concept, which is somewhat new, in favor of something with social in the title, most likely. Before, it seemed to be “unfettered” capitalism, as though, capitalism was okay, as long as it was “controlled” properly. But now that they’ve “controlled” it into the ground, it must be because they have decided the time has come to end the charade, and rule without fear, and I don’t mean Obama.
The weakest amongst us has been paid to commit suicide, and killed us all in the process, along with the process.