Friday, October 17, 2008

Power to Destroy

Obama has promised to spread the wealth by raising taxes (but only on those earning $250,000 per annum-a fiction). This measure will only spread the misery by punishing productivity and thwarting job creation. Even in the Soviet Union, there was a privileged class, politboro members, high ranking military and KGB officers, and their cronies who had ready access to luxuries unknown to other Soviet citizens. In an Obama administration, the poor will not be lifted up, but pain will be spread to everyone but his graft partners (like Tony Rezko who Obama will surely pardon) as added revenue flowing into the Treasury and massive New Deal-like projects enable the Obama cadre to dip into the til in the Daley machine tradition. These enormous new expenditures by government and Obama's voracious tax policy will not raise the economy out of recession but could cause a worldwide depression. So who will benefit from Obama? His immediate circle-those corrupt Illinois Democratic politicians, questionable money men like Rezko, and Obama allies like the terrorist Ayres who aided Obama's rise. Democratic politicians such as Tennessee's notorious John Ford will almost surely receive pardons. In pre-Obama America, anyone could rise-not because of our diversity or abundance of natural resources but because of our freedom.In Obama's America, that "City on a Hill" will be lost.

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