Political Rant Warning: I read this article about our President’s latest speech channeling Teddy Roosevelt. Roosevelt’s New Nationalism speech in Osawatomie, Kansas in 1910, was intended to unite a Republican Party divided by a reform movement seeking curbs on industrial might. Obama also seeks Republican unity, but this time the goal is to push through economic stimulus proposals and seek a political advantage for his Democratic Party.
While O denies class warfare, I can’t help but see it in his socialistic, “spread the wealth” policies:
Economic inequality in America today is at “a level we haven’t seen since the Great Depression” and “hurts us all,” Obama said.
He said the issue “isn’t about class warfare,” a charge leveled by Republican opponents.
“This is about the nation’s welfare,” he said. “It’s about making choices that benefit not just the people who’ve done fantastically well over the last few decades, but that benefits the middle class, and those fighting to get into the middle class, and the economy as a whole.”
Sessions, however, took issue with Obama depicting himself as a champion of the middle class. “The middle class must pay for the president’s failed policies twice—first, they have to pay the bill for profligate federal spending, and then they must pay the price for its economic consequences in the form of lost jobs and mounting debt,” Sessions said in a statement. “The middle class bears the brunt of the president’s misguided big-government vision.”
I believe it all goes back to the “Joe the Plumber” episode from the 2008 campaign season, redistribution of wealth, spreading around money to make things more fair, Robin Hood (take from the rich and give to the poor), and Occupy Wall Street (take from the 1% and give it to the 99%), after all, the rich can afford it. Sure, but think about the incentive to prosper when what you earn you don’t keep. These business owners provide jobs to people, which are created by a company’s prosperity.
Take a Look at This Practical Example:
An economics professor at a local college made a statement that he had never failed a single student before, but had recently failed an entire class. That class had insisted that Obama’s socialism worked and that no one would be poor and no one would be rich, a great equalizer.
The professor then said, “OK, we will have an experiment in this class on Obama’s plan”… All grades will be averaged and everyone will receive the same grade so no one will fail and no one will receive an A… (substituting grades for dollars – something closer to home and more readily understood by all).
After the first test, the grades were averaged and everyone got a B. The students who studied hard were upset and the students who studied little were happy. As the second test rolled around, the students who studied little had studied even less and the ones who studied hard decided they wanted a free ride too so they studied little.
The second test average was a D and no one was happy. When the 3rd test rolled around, the average was an F.
As the tests proceeded, the scores never increased as bickering, blame and name-calling all resulted in hard feelings and no one would study for the benefit of anyone else.
To their great surprise, ALL FAILED and the professor told them that socialism would also ultimately fail because when the reward is great, the effort to succeed is great, but when government takes all the reward away, no one will try or want to succeed.
Could not be any simpler than that.
These words of Adrian Rogers are possibly the five best statements you’ll ever read on economics and all applicable to this experiment:
- You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.
- What one person receives without working for, another person must work for without receiving.
- The government cannot give to anybody anything that the government does not first take from somebody else
- You cannot multiply wealth by dividing it!
- When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that is the beginning of the end of any nation.
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