Friday, October 31, 2008

The Worst of All Possible Worlds: Obama Is a Marxist and a Twisted- Keynesian

I don't see how this can get any worse, or any clearer. Call him socialist, call him whatever, but Barack Obama has somehow manged to incorporate into his stump speech of recent days the worst of Karl Marx and John Maynard Keynes.

Karl Marx, of course, is responsible for the redistributionisit words, "From each according to his abilities, to each according to his needs. "

Clearly, Obama believes in this. ABC's Jack Tapper reports that yesterday in Sarasota, Florida Obama said:

The reason that we want to do this, change our tax code, is not because I have anything against the rich...The point is, though, that -- and it’s not just charity, it’s not just that I want to help the middle class and working people who are trying to get in the middle class -- it’s that when we actually make sure that everybody’s got a shot – when young people can all go to college, when everybody’s got decent health care, when everybody’s got a little more money at the end of the month...
Here he is not denying he wants to redistribute from each according to his abilities to each according to his needs, but he is rather trying to justify his redistribution beliefs. But wait, it gets worse. He then tries to further justify this Marxist ideology on something close to Keynesian grounds. Keynes held that spending was the key to growth in an economy. Somehow, though, he failed to take into account that unless there is production, there will be nothing to spend money on. But Keynes focus was on spending and involved government deficit spending to boost spending during slow economic times. Obama's twist on this is that it will be the poor and middle class that will do the spending once it is taxed away from the rich. A kind of take from the rich and let it trickle back up to the rich economics.

Here's Obama, in Sarasota again, in his own words:

Everybody starts spending that money [the money that is taxed away from the "rich"], they [the recipients of the money]decide maybe I can afford a new car, maybe I can afford a computer for my child. They can buy the products and services that businesses are selling and everybody is better off. All boats rise... And that’s what I’m gonna do as president of the United States of America.
Production never enters his theory. The disincentives of taxing the producers, is never discussed. But it is, indeed, a tax on the top producers. To understand how nutty an idea this is, think of the Los Angeles Lakers going to their top producer Kobe Bryant and saying, "Hey Kobe, we are going to cut your salary and give the money to the fans. But, the fans will now have more money so it will trickle up to you." Is anyone surprised that superstar basketball players are not standing in line for such trickle up, cut my salary contracts? Yet, Obama doesn't want to do this for a basketball team, he wants to do it for an entire country!

Bottom line: Barack Obama is a perfect example of the poor education that most Americans receive in economics. It is a national tragedy that may very well put this country on the road to oblivion, especially when the country has a president who has never completely thought through the implications of a Marxist, Twisted-Keynesian economic philosophy.

-Robert Wenzel


  1. Obama Redistribution makes only more poorer.

    Obama Selfish means.

    Obama said "Selfish". How did he dare to say it "Selfish" through his mouth in so selfish mood?

    Here is Korea. If America was like Obama's in 1950 when Korean war started, present freely rich south Korea never be born. In this country over 40 million peoples live in freedom and thanks to America, even though some(about 10-30%) pro-leftism never do that
    Last a half century, what many countries in the globe develops her wealth and freedom system is really depending on generous positive freedom expansion policy of America.

    But now Obama the man most Americans wants for their one Distributor of wealth, does not wish to participate other countries peoples pains. How much "Selfish" Obama's America ?

    If America become like Russia, China, or further Soviet by "Redistribution" System or "Unselfish" structure well controlled under armed "civilian national security force" under the one "Distributor" Obama, then, what will you do, dear American ?

    The most well "Redistributed" country is North Korea. How well !
    But, by that reason, most peoples except Kim Jongil are living at the edge of starvation everyday.

    Pardon my poor english.

  2. “You have to pinch yourself – a Marxisant radical who all his life has been mentored by, sat at the feet of, worshiped with, befriended, endorsed the philosophy of, funded and been in turn funded, politically promoted and supported by a nexus comprising black power anti-white racists, Jew-haters, revolutionary Marxists, unrepentant former terrorists and Chicago mobsters, is on the verge of becoming President of the United States. And apparently it’s considered impolite to say so.”

  3. I almost missed this video, thanks for posting it.