Tags: Barack Obama | Economic- Crisis | Editor's Pick | Obama | Economic | Khrushchev | redistribution

Obama’s Economic Approach Mirrors Khrushchev

By    |   Monday, 28 November 2011 11:03 AM

“Whether you like it or not, history is on our side. We will bury you,” Soviet leader Nikita Khrushchev declared when addressing Western ambassadors at a reception at the Polish embassy in Moscow in 1956.

This was an assertion of the Marxist contention that capitalism as a system would collapse and be replaced by socialism. By this philosophy, wealthy people exploit the working class, and the capitalist system must be replaced by a socialist government that would redistribute the wealth.

If that philosophy sounds familiar, it’s the approach taken by President Barack Obama and the Occupy Wall Street movement he has embraced. At every turn, Obama demonizes those who have achieved financial success, and he has made hatred of the wealthy the key to his re-election campaign.

“I think when you spread the wealth around, it’s good for everybody,” Obama told Joe the Plumber. In a radio interview, Obama expressed regret that the Supreme Court hadn’t engaged in “wealth redistribution.” When talking about financial regulatory reform in April 2010, Obama said, “I do think at a certain point you’ve made enough money.”

Many find it difficult to understand how Obama could hold that view of the world. On Fox News’ “The O’Reilly Factor,” Bill O’Reilly often asks guests how Obama, if he wants to be re-elected, can cling to failed economic policies.

For the answer, look to the fact that the Soviets clung to communism despite its obvious economic failure. Like the Democrats who want to provide coverage for all Americans, the Soviets flattered themselves by saying they had good intentions.

They reasoned that if the government ran everything and distributed wealth equally, everyone would be happy. But under their government-run economy, Soviets had no incentive to work hard or to produce. The government paid their salaries regardless. Eventually, the system collapsed.

Obama’s class warfare campaign strategy ignores the fact that nearly three years after he took office, he is the reason for increasing joblessness that has jumped to 49.4 percent for black youths. Rather than encouraging business, he vilifies it. Rather than making it easier for companies to grow, he has made it more difficult by creating uncertainty about extra costs imposed by Obamacare, future taxation, and new regulations.

Rather than spurring economic activity by cutting spending and the nation’s deficit, Obama has increased the national debt by $4.2 trillion.

By its nature, capitalism produces inequality in income and wealth. In general, those who strive to achieve — think of Bill Gates, Steve Jobs, Donald Trump, or Warren Buffett — do better under capitalism than those who do not.

Obama rejects this underlying premise of the capitalist system that is a key to this country’s success. At the same time, he disses Americans for being “a little bit lazy” over pursuing foreign investment and for having “lost our ambition, our imagination, and our willingness to do things that built the Golden Gate Bridge.”

His comment about “bitter” small-town voters who “cling” to their faith, along with their guns, and their “antipathy to people who aren’t like them,” suggests just how much disdain he has for a large segment of Americans.

Like his self-described mentor, the Rev. Jeremiah Wright, Obama appears to despise America. On the Sunday following 9/11, Wright characterized the terrorist attacks as a consequence of violent American policies. Wright said America created the AIDS virus to kill off blacks.

“We are only able to maintain our level of living by making sure that Third World people live in grinding poverty,” Wright has said. “God d— America!”

Ninety-nine percent of Americans would walk out if they heard a sermon like that. Instead, Obama listened to such hate speech for 20 years and said he considered Wright a sounding board who was like an uncle to him.

Like Wright, the Occupy Wall Street protesters fundamentally hate America, ignoring the fact that as it is, the top 1 percent of tax returns paid more than a third of all federal individual income taxes in 2009. As noted in my story "Wall Street Protesters Are Whiners and Crybabies," they reflect Obama’s anti-capitalist agenda and will help sink him.

Khrushchev was proven wrong when he said the Soviet Union will bury America. Obama will be proven wrong about this country and what it stands for when he is defeated in 2012.

Ronald Kessler is chief Washington correspondent of Newsmax.com. He is a New York Times best-selling author of books on the Secret Service, FBI, and CIA. His latest, "The Secrets of the FBI," has just been published. View his previous reports and get his dispatches sent to you free via email. Go Here Now.

© 2021 Newsmax. All rights reserved.

Whether you like it or not, history is on our side. We will bury you, Soviet leader Nikita Khrushchev declared when addressing Western ambassadors at a reception at the Polish embassy in Moscow in 1956. This was an assertion of the Marxist contention that capitalism as a...
Monday, 28 November 2011 11:03 AM
Newsmax Media, Inc.

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
© Newsmax Media, Inc.
All Rights Reserved