The evidence is mounting against the Obama administration's liberal tax and spend policies; they are not working as they had hoped. The policy of "spreading the wealth" by taxing the wealthy and giving it to the poor is not working as expected. The gap between revenues required to maintain the enormous spending deficits introduced by Queen Pelosi and her liberal horde in congress and what is currently collected is growing exponentially by the hour. Because of this, all of the other lessor statists around the country at the state and local levels are scrambling to come up with ingenious ways to tax those who can least afford to pay. For instance, in New York Governor David Patterson has proposed to introduce a "Student Tax" on all college students of $150 per student, (although it isn't yet clear if this is per course or per year). As if higher education wasn't already too expensive, he actually wants to increase the costs for students, most of whom are underemployed and already deep in debt financing their education.
And if you drink soda pop, or eat sugary foods, they are actually musing around with the idea at the federal level with a "sugary foods" or "unhealthy foods" tax to fund their bastardized, bureaucratic, mess for universal rationed health care.
So let's see; in just four short months, this buffoon of a President and his incompetent administration have attacked with vigor and pretty much taken over or outright killed several key industries including, the banking and finance industry, the manufacturing sector in general (by decimating the automotive industry specifically), and still their ravenous appetites are not sated. The next industries in their cross hairs are the restaurant industry, agriculture, ranchers, entertainment, higher learning, transportation, and many others.
These clowns would be a side-splittingly hilarious side show if what they were doing wasn't hurting so many people, especially those whom they claim to want to help the most; the poor.
They do not get the free market at all. It will correct itself because the abuses and excesses of the past all have a self limiting effect. But instead of learning this, they are intent on meddling in it and causing great harm to the markets and to the populace at large. In fact, the market is already showing signs of self healing. They are oblivious of course, and yet they will claim that what they are doing is working. I give Obama a C minus so far, only because he could still do so much more damage, I wouldn't want to place any artificial limits on the depths of his depravity or the breadth of his idiocy just yet. That would just be premature at this point. AFter all, it has only been 4 months so far and we wouldn't want him to reach his nadir too soon.
Wednesday, May 13, 2009
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