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Obama's Economic Plan Doesn't Add Up

Tuesday, 24 July 2012 02:00 PM Current | Bio | Archive

The Obama administration economic policy can be summed up as follows: “What’s yours is everyone’s.”

They believe that the only way to achieve social and economic justice is to limit and redistribute wealth, so that the state becomes the entity by which the people will come to rely on for all their needs.

This cradle-to-grave approach to governing will create a nation of mediocrity at best. It will force all citizens to depend on government and destroy the entrepreneurial spirit that has made America the greatest nation the world has known.

Editor's Note: : Will Obama Be Defeated? Vote Here!

There are fundamental differences between the philosophies of Republicans and Democrats. There exists certain core beliefs with regard to the role of government and the individual that is as different as night and day.

Republicans believe it is the people who should have the freedom to determine their own destiny, free from overdue government intervention, regulation and control. They believe in lower taxes and smaller government.

Republicans believe in “home rule”, allowing local governments, closest to the people to have the loudest voice. Republicans believe that government exists to serve the people in ways the private sector cannot.

They believe in the “velocity of money”; that is to say, they believe that every time a dollar changes hands privately, it helps the overall economy and creates more revenue through taxes to the government.

In short, Republicans believe that government should only do for the people, what the people cannot do for themselves.

Democrats and more particularly the current administration, believe that it is the role of government to “care” for the population in every respect. Democrats believe that the wealthy bear most of the responsibility to pay for all others.

They believe that wealth should not be inherited and should end with the demise of the person who earned it. Estates should be exhausted and “returned” to the Treasury for the benefit of everyone.

Democrats believe in a top-down responsibility in governing; that is to say, they seek great power vested in the federal government and less at the local levels to ensure their national strategies are followed.

The current administration believes that government spending on national programs is the answer to a healthy economy. High taxes, nationalized healthcare, redistribution of wealth, and regulation is their way of controlling all aspects of national life.

Obamanomics is not the cure for what ails us and is certainly not the “change” America needs or wants. The so-called stimulus demanded by the president was an utter failure by even his own standards.

He promised that the monies would be absorbed immediately in the economy and would prevent unemployment from increasing nationally beyond 8 percent.

We now know that two-thirds of the monies appropriated had not been spent because there were no “shovel-ready jobs,” and we also know that our national unemployment rate has never dipped below 8 percent since Obama took office.

The cap and trade bill advanced by the administration would have greatly increased the cost of energy for every single American. The president said that it is the duty of Americans to pay higher energy costs for a cleaner environment; this at a time of one of the worst economies since the Great Depression.

The “holy grail” for the economic and social changes the Democrats have wanted for decades is the implementation of a socialized national healthcare system. In spite of the fact that government-controlled healthcare, Medicare and Medicaid, is rife with fraud, mismanagement, and abuse, they believe that expanding this incompetence to all Americans is the responsible cure for healthcare challenges in America.

At a time of severe economic woes, the answer is not bigger and more costly government. The answer is a smaller and more efficient government. Now is the time to empower the individual and encourage and incentivize America’s entrepreneurial spirit.

Obama’s Robin Hood theory of economics will set us back many years of every year he is our president. He will set in motion, if not stopped, generational changes to our nation that will take years to curtail or roll back should Republicans regain power.

Editor's Note: : Will Obama Be Defeated? Vote Here!

According to a recent poll done by The Hill, 66 percent of likely voters believe that Obama has “fundamentally transformed the United States,” and 56 percent of those polled believe that the change has been negative to the country. Only 35 percent of those polled believe that the president’s changes have had a positive impact on the country.

The elections of 2012 will be the most important if our lifetime. The change that Obama has brought to America will pale in comparison to what is coming should we get a second term.

We may not be able to recognize the America in 2016 should Obama be re-elected.

Bradley A. Blakeman served as deputy assistant to President George W. Bush from 2001-04. He is currently a professor of Politics and Public Policy at Georgetown University and a frequent contributor to Fox News Opinion. Read more reports from Bradley Blakeman — Click Here Now.

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Tuesday, 24 July 2012 02:00 PM
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