I was Obama’s college classmate at Columbia University, Class of ‘83. Almost every one of my classmates were openly socialist or Marxist, with many of these leftist radicals calling for an end to capitalism and “bringing down the system” by destroying the U.S. economy with entitlements, debt, and crisis. Obama is a radical, with a deep-seated hatred of business owners, a desire to demonize us and destroy America’s faith in capitalism, and a plan to bring down the system by overwhelming our economy with debt and crisis- just as we all learned and discussed at Columbia in our college days.
Obama gave notice that every state could receive a “waiver” to opt out of demanding that welfare recipients must work to receive their benefits. It has worked mega-successfully (with nary a complaint) for almost two decades. Why would anyone, who isn’t a committed radical Marxist intent on exploding entitlements, debt and crisis, try to end this law?
He’s not satisfied with 46 million Americans on food stamps, 11 million on Disability (5.5 million in just his first term), millions more on unemployment benefits, and tens of millions on other government handouts. He wants to make it even easier to get on welfare, without any requirement to work. All dependent on government for survival, and all loyal to the Democratic Party that protects their checks.
Obama said that business owners owe our success to government. Either he’s a Marxist hell bent on demonizing wealthy business owners and destroying capitalism. Here’s a synopsis of what government has done for me. They’ve stolen my hard-earned money that I could have used to expand my business, or start new ones, or invest in stocks and real estate. Instead it went to government in the form of taxes, fees, licenses and workers comp. Don’t forget the rules, regulations and mandates that made it difficult or near impossible to start a business in the first place.
Or the accountant and tax lawyer bills that could have been put to use creating jobs. Or the IRS audits that stole valuable dollars and hours. Or the thousands of pages of regulations, limiting my options, wiping out jobs, and destroying shareholder value. Or the millions my public company spent on complying with ridiculous bureaucratic boondoggles like Sarbanes Oxley.
The following was written in July 4, 2010 does it still apply today?
So far the score is Great Obama Depression 2.2 million lost jobs, Obama 0 – a blowout. Obama is as hopeless, helpless, clueless and bankrupt of good ideas as the manager of the Chicago Cubs in late September. This “community organizer” knows as much about private sector jobs as Pamela Anderson knows about nuclear physics.
The Great Jobs Killer.” With his massive spending and tax hikes- rewarding big government and big unions, while punishing taxpayers and business owners- Obama has killed jobs; he has killed motivation to create new jobs; he has killed the motivation to invest in new businesses. Meanwhile, he has kept the union workers of GM and Chrysler employed (with taxpayer money). He has made sure that most government employee union members got their annual raises for sleeping on the job (with taxpayer money). He made sure that his voters got handouts mislabeled as “tax cuts” even though they never paid taxes (with taxpayer money). And he made sure that major campaign contributors collected billions off government stimulus (with taxpayer money). As far as the taxpayers- the people that actually take risks with our own money, to create small businesses, and jobs, and pay most of the taxes- we require protection under the Endangered Species Act.
I’ve polled all my friends who own small businesses — many of them in the Internet and high tech fields. They all agree that in this new Obama world of high business taxes, income taxes, payroll taxes, capital gains taxes, and workers compensation taxes, the key to success is to AVOID employees. The only way to survive as a business owner today is by keeping the payroll very low and by hiring only independent contractors, or part-time employees provided by temp agencies.
Or in the case of government itself — completely insolvent, but surviving by ripping off taxpayers and fraudulently running printing presses at the Fed all day and night to print money by the trillions. Unfortunately, small businesses don’t have the power to impose taxes or print money. So unlike government, we’ll just have to cut employees and run lean and mean.
Outside government, Obama has created a wasteland of economic ruin and depression that looks much like the landscape of Mel Gibson’s first movie “Mad Max.” The days of believing the Obama propaganda about a jobs recovery are over. My small business-owning friends aren’t creating one job. Not one. They are shedding jobs. They are learning to do more with fewer employees. They are creating high tech businesses that don’t need employees. And many business owners are making plans to leave the country.
Obama’s Keynesian economic plans do not work. Let’s compare Reagan’s economic plan to Obama’s. After being elected in 1980, President Reagan immediately got to work doing the exact opposite of Obama. He instituted Supply Side Economics. Reagan dramatically cut income taxes, cut capital gains taxes, cut domestic spending, cut entitlements, cut rules and regulations, and praised business. He was a cheerleader for business. .” Instead of demonizing, denigrating and punishing business owners, he praised, motivated and rewarded them.
Now let’s look at the results under Reagan. 12 consecutive years of massive economic growth- the longest economic expansion in U.S. history. Massive GDP growth. Massive job growth- over 20 million new jobs in a short period of time. Massive tax revenue increases. Yet under Obama we have far different results. Devastation of the private sector. Disaster. No jobs. More Americans joining the disability and food stamp rolls than the job rolls. Anemic GDP. Real estate collapse. Manufacturing collapse. The lowest business startup rate in 30 years. 40% of our assets have disappeared in only 4 years. We have our country’s credit rating downgraded for the first time in history.—source alan root—fox news.