We all know that Obama’s failed economic policies are rooted in Marxism. His wealth redistribution agenda and Keynesian model are destroying our economy and killing jobs. He is convinced that the same entity that has mismanaged the post office, bankrupted social security, and failed miserably in their response to the gulf oil spill can be more efficient than the private sector. This is a man that is completely out of step with the American people and pretty much out of touch with reality. Removing wealth from the private sector to redistribute it as it sees fit destroys wealth and weakens economic growth. Increasing taxes removes wealth from the private sector and drastically slows economic growth. Why? Well the money that would otherwise be spent on goods and services in the private sector is removed and redistributed. When people have less money to spend economic growth slows. This isn’t a hard concept to grasp folks. And yet he seems to struggle with it.
I found this great video at Eyeblast.tv. It shows the fallacy of liberal economic policies.
Well I think that pretty much sums it up. Obama’s love affair with Marxism has made him an economic hack. Good job Mr. President!
Liberty forever, freedom for all!