President Obama recently laid out his plans for the rest of his term with a speech that highlighted what he sees as the greatest challenge facing the United States: “Income Inequality.”
“I believe this is the defining challenge of our time,” Obama said in a speech at an event hosted by the Center for American Progress, a pro-Obama think tank. “It drives everything I do in this office.”
The growing gap between rich and poor can be closed by actions ranging from an increase in the minimum wage to better education to following through on his health care plan, Obama said.
What he is really saying is that economic policies have failed miserably and that he needs a “stimulus” to help artificially recreate the middle class that he and his Democrat colleagues help to destroy. He calls for increased minimum wages, stronger unions and these so called “promise zones” that will pour federal (borrowed) dollars into neighborhoods he deems fit. Obviously Republican districts need not apply!
This all just once again big government democrats spending money that we don’t have to fix a problem that can actually only be fixed by NOT borrowing and spending more money! It is also a concept that smacks of socialism and its tenets of “wealth redistribution.” He wants to artificially recreate a middle class in this country without the normal inconveniences to its citizens like hard work, ambition and ingenuity. That is social engineering any way you slice it. Look at how well that worked in places like the Soviet Union, Cuba, Venezuela and North Korea!
He added: “While Democratic-Republican and liberal-conservative disputes about the economy won’t be resolved any time soon, Obama said that “it is important that we have a serious debate about the issues.”
As we have experienced so many times before with this President, that is code for “My way or the highway!”
It is clear that President Obama’s plan is to reduce “Income Inequality” by knocking a group down rather than creating an economy where others can work their way to success. All that this accomplishes is punishing the innovators, risk takers and the actual engine that drives the economy. Actually that is only half. What it also does is create a class of citizens who are dependent on government assistance rather than true economic power. And that is truly scary!!