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Obamanomics: Obama's Voodoo Economics

Written by Amil Imani

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October 25, 2008
by Amil Imani
AmilImani.com
Obama's economic plan is a recipe for long lasting disaster. Keep in mind that wrecking anything, as opposed to building things, requires very little time and effort. Obama's plan is deceptively attractive while in reality it is a huge wrecking ball that will capsize the already listing ship of our economy. Here is a partial list of reasons why. Judge for yourself.
    
Obama is proposing a trillion dollars in new spending. Where is he going to get the money, given the government's present huge budget deficit? From the filthy rich and blood-sucking corporations, that's where, he says. A terrific vote-getting scheme. But will it work?

Obama doesn't tell you that in the present world money is like water. It flows to the lowest grounds. And the lowest grounds for money are places where it can make more money and not locations where it is tapped. For example, Ireland where business tax is 12.5% and not the United States that has the which has the second highest tax rate in the world in the world. As it is, one of the biggest reasons that many corporations set up their businesses abroad is the high cost of doing business here at home. Hence, a great many jobs are lost to overseas enterprises.

Obama doesn't tell you that rich people didn't get to be rich by being stupid. The minute they hear him talk about "spreading the wealth around", they shift their money to safe havens where Obama can't get to it. Like those hedge funds run by George Soros and other big Democrat donors.

Obama doesn't tell you that much of the money invested in this country is by non-Americans who do so not because they are philanthropists but because they believe in the American genius-creative hard-working people who know how to produce wealth. Once they see Obama's taxman, they sell their holdings and move their money to safer havens. The result is that American company shares drop in value, companies won't be able to raise cash to do product development, they shut down their research departments, and fire their workers. Or, they simply move their entire operation, or parts of it, abroad.

The American economic genius is based on the principle of empowering people at all levels to succeed financially through their own efforts. The government must empower all individuals to succeed and not to take money from the successful and spread it around.

Meet one of the rich people Obama aims to fleece. Keep in mind that the really rich, both Americans and foreigners, have the smarts and resources to escape Obama's net. The ones that get caught in Obama's net are tens of millions of small shareholders such as retirees who depend on annuities to live. These folks suddenly find themselves strapped.

With Obamanomics, pension funds of states, universities, other institutions, and individuals suffer the major blow. During the present economic crises, retirement funds upon which the livelihood of millions depends have taken a two trillion dollar hit.

So what is going to happen to people like Mary? She is 96 years old. She and her husband worked hard all their lives, lived modestly and saved for their rainy days. The couple moved to a modest retirement home some 15 years ago. They paid their way from the proceeds of their investments. The husband died two years ago and Mary now lives in an assisted-living facility, still paying her own way from their dwindling savings. Obamanomics will ultimately force massive numbers of people onto streets and burden the already over-burdened soup kitchens and churches.

Obama's plan undermines the most powerful motive for wealth production: incentive. It is the incentive that makes a person work hard to provide for his own and his family's living, and secure his financial future.

Society after society has tried and failed the economic solution of "spreading the wealth around." It doesn't work. All it does is to discourage the hard-working and rewards the sloth. It is suicidal to buy into that failed policy, and that's exactly where Obama aims to take us. And in this dangerous scheme, he will have both houses on his side.
    
The Democratic Party has drifted so far to the left that it can hardly heed economic reason. Just this past Monday, Barney Frank, the head of the Banking Committee, the same person who brought us the sub-prime rate and the housing fiasco, seeing Obama at the helm, crooned, "there are a lot of rich  people out there whom we can tax at a point down the road."

                                      This has been added by Right Side News to illustrate




Finally, it is shortsighted and even dangerous to lose our cool in the face of present problems by placing our full trust in a charismatic inexperienced man who promises a great deal that he will certainly fail to deliver.
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Amil Imani's website and mission statement

Mission Statement

Encroaching Islam with its rule of Sharia presents an imminent threat to subvert and replace the Constitution that governs our lives. Unlike Muslims who practice taqqyya --lying or dissimulation- I proudly speak the truth. Truth should never be sacrificed at the altar of any goal. I firmly believe that truthfulness is indeed the foundation of all virtues.

Islam, as a matter of belief, considers all non-Muslims, even the so-called "people of the book," as infidels--people who are to be subjugated or cleansed from Allah's earth. Islam, under the banner of religion of peace, is infringing blatantly on the rights of others, not only in Islamic countries, but also in much of the non-Muslim world. By their acts of dogmatic savagery, Muslims are finally awaking the non-Muslim democracies to the imminent threat of Islamofascism keen on destroying their free secular societies.

Presently, the Islamists, with their treasuries flush with petrodollars, are in a great position to realize their perennial dream of bringing the world under the rule of Muhammad's Ummah. On the one hand Pakistan is already a nuclear power and the Islamic Republic of Iran aims to be one before very long. On the other hand, Muslim governments and wealthy Sheikhs are funding Islamic schools, centers and front organizations in the West to work from within at the unraveling of the non-Islamic democratic systems.

Some well-meaning, misguided people, advocate negotiating with the Islamist. Yet, the only form of negotiation Muslims accept is the eventual surrender of everything that free and democratic people cherish-freedom of expression, of worship, and all other personal privileges enshrined in the United States Constitution.

My mission is to raise the clarion call about the imminent and present danger of expansionistic theocratic Islam. I, my people and my native country, Iran, have been victimized by a primitive alien ideology for far too long. Having witnessed first-hand the horrors and indignity that Islamofascism visits on people it subjugates, I have taken it upon myself to do my part in defeating this ideology of oppression, hate and violence.

I enjoy and deeply cherish the liberty that America has generously afforded me, enabling me to raise a cry from the heart regarding the tragic plight of millions of Iranian victims, my compatriots who dare not speak against the wicked mullahs and their mercenaries.

I am a voice of tens of thousands of Iran's best children, many of them literally children, who have been imprisoned, brutally tortured, shamelessly raped and viciously slaughtered by Allah's beasts presently ruling Iran.

The heartless religionists of Allah have plundered and continue to plunder the people's vast oil income, fill their bottomless pockets with the ill-begotten funds, and finance adventurism in Iraq, Lebanon, Palestine and anywhere and everywhere they find willing clientele.

In the meantime, over the past three decades of their Islam-authorized dastardly theocracy, the mullahs, by their thievery and incompetence, have driven masses of the Iranian people to abject poverty; have created a culture of nihilism and despair that has spawned one of the world's most drug-addicted societies; and, have compelled a great many women to sell their bodies in order to survive.

Therefore, I find it both my sacred duty and inalienable right to indict Muslims as either criminals themselves or accessories to the crimes, seek justice for my people, and warn others of the dangers of Islamofascism in all its forms.

I challenge all Muslims to abandon the demonic cult of Muhammad and join forces of liberty and justice of free people with no turbaned masters or masters of any kind.

It is a crime to remain silent in the face of evil, it is said. Thus, I am speaking up and urging others to raise their resonant voices and act while they can before they are brutally silenced and annihilated by the ever-creeping Islamofascism.

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