Friday, March 30, 2012

Obama Shows His Commie, Socialist, Interventionist Colors

Let's face it. President Obama is a hardcore central planning quack.

During a speech to college students at the University of Vermont, he just said:
We also have always understood that we wouldn't win the race for new jobs and businesses, and middle class security if we were just applying some 'you're on your own economics'.It's been tried in our history and it hasn't worked," Obama said. "It didn't work when we tried it in the decade before the Great Depression. It didn't work when we tried it in the last decade. We just tried this. What they're peddling has been tried -- it did not work.
What didn't work, of course, is Federal Reserve manipulation of the money supply, which is always responsible for the business cycle, including the downside (See Bob Murphy's book.)

When he talks of  'you're on your own economics', it's really code talk for dissing free markets. His alternative is, of course, an economy where the government intervenes a lot.

I beginning to think Obama has a split personality. On the one hand, I think he really does believe in central planning. Yet, when he has intervened in the economy to bailout banksters, union industries and big pharma, it has all been crony capitalism, which highlights one of the weaknesses of central planning.

When something is centrally planned and other options are banned, it creates a central point that bad guys can aim at and corrupt. And they do---as proved by Obama's deals.

Obama is one scary dude. What he told Russian president Dmitry Medvedev about it being easier to operate after the election is probably how he is thinking about his domestic central planning ideas for after the election. Scary.

The video of Obama dissing free markets at U of V is here.


  1. Besides the inaccuracies in his statements, what is far more amazing is that the same thing can be said for the crap he is pushing. Was he smoking dope in the 70s' that he forgot that God awful decade that culminated in the total collapse of demand side economics? The really funny part is that what followed, that he now says we can't go back to, was in response to the failure of the same ideas he's pushing today.

  2. In the "decade before the Great Depression" reference, is he talking about the relatively little government intervention during the 1920-21 depression or is he talking about Hoover's New Deal quackery?

  3. What does Obama know about the American story? He obviously doesn't know why people migrated here from every country in the world. It was to be free. Including economically free. They were running away from government-run economies not toward it. Sadly, many people support Obama's delusional way of thinking (If big government didn't work, we need bigger government).

  4. "Free Market didn't work..."

    Yeah, that's why we were so far behind Bulgaria et al.

    How do they get away with this crap? Oh. Wait. USA.

  5. It's sad students attended in the first place.

  6. Wenzel,

    Did you see Obama's State of the Union speech? It was 70 minutes of leftist economic fascism of the worst kind. I listened to the entire thing. It was finally at the 45min mark, where he denouced subsidies for big oil, where I first agreed with him, about anything. If you think this quote here is bad, then go listen to his SOTU speech. It has, by far, the most diametrically opposed themes to freedom of anything I've ever heard from a U.S. official of any kind.

  7. I wonder if he noticed the economic disaster that ended the whole eastern block and the Soviet Union. That was all his kind of central planning.

  8. also, this:

  9. It is a classic Orwellian doublethink,day in day out -"The power of holding two contradictory beliefs in one's mind simultaneously, and accepting both of them....To tell deliberate lies while genuinely believing in them, to forget any fact that has become inconvenient, and then, when it becomes necessary again, to draw it back from oblivion for just as long as it is needed, to deny the existence of objective reality and all the while to take account of the reality which one denies - all this is indispensably necessary. Even in using the word doublethink it is necessary to exercise doublethink. For by using the word one admits that one is tampering with reality; by a fresh act of doublethink one erases this knowledge; and so on indefinitely, with the lie always one leap ahead of the truth."

  10. Rothschild-agent, Jacob Schiff, handed $20 Million to Lev Bronstein (Leon Trotsky), before Trotsky boarded a ship in NY Harbor, bound for Russia, in 1917 - to overthrow the Romanov Dynasty. The Rothschilds had threatened to overthrow the Romanovs already after

    Obama: Rothschilds' Choice [Watch the movie]

    The World Order: A Study in the Hegemony of Parasitism, by Eustace Mullins

    A Review of the book (above) by Eustace Mullins:

  11. Obama’s Pal Bill Ayers: “I Get Up Every Morning And Think … Today I’m Going To End Capitalism” (Video)