In a previous post dated May 25, 2008 If Liberals Win The Election I outlined ten things the Democrats would try to Nationalize as soon as they take control of both the Congress and White House.
Agenda of our new Democratic led government:
1. Nationalize the Healthcare system
2. Nationalize the Oil Industry
3. Nationalize the Transportation system
4. Nationalize the Aircraft Industry
5. Nationalize all Electric and Gas companies into the Energy Department
6. Nationalize the Auto Industry
7. Nationalize the Media and Press
8. Nationalize all of the Food an Restaurant Industries
9. Nationalize the Unions
10 Nationalize America
Maxine Walters was the first Democrat to publicly announce their attentions, now it sounds like Sen Obama is on the same page. In the Washington Times Editorial on July 11, 2008 the author observed;
"Mr. Obama's economic agenda belies his liberal view of the state as all-seeing and all-knowing. Rather than empowering Americans, he will end up burdening citizens with higher taxes, increasing regulation and creating more unaccountable bureaucracies to administer his numerous meddlesome initiatives."
This sounds very close to a Socialist ideology to me.
As reported by the Washington Post and confirmed by CNN Obama and his friends are so arrogant they believe all the hype surrounding Obama and their plans for controlling the world.
According to Obama and evidently Pelosi:
"This is the moment, as Nancy [Pelosi] noted, that the world has been waiting for.”
According to a study by The Tax Foundation of the two different economic plans of Sen McCain and Sen Obama,
"the Obama plan would redistribute more than $131 billion per year from the top 1 percent of taxpayers to all other taxpayers." Sound Ok? Read more:
"These figures do not include the impact of Obama's proposal to apply Social Security payroll taxes on incomes above $250,000. According to Tax Policy Center estimates, this plan would increase the tax burden of top earners by an additional $40 billion in 2009 alone and more than $629 billion over the next ten years. By itself, the $40 billion tax hike is twice as much as all the federal taxes paid by people in the bottom quintile combined."
Simply put redistribution of wealth by governments is Socialism and taxing at such high numbers would not only put small business out of business. Corporations that haven't already gone overseas because of high corporate taxes, will move any remaining business offshore to avoid the increases. This will destroy what is left of the US economy, but Obama will be President of the world so I guess the world economy is more important than our own.
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