Obamanomics Abhors the Free Market

DavidLimbaugh.com | David Limbaugh | Oct. 23, 2008

For Obama Kool-Aid guzzlers who believe Joe the Plumber was a premeditated Republican plant to trap Obama into admitting his communist inclinations (even though Obama approached Joe, not the other way around), I refer you to Obama’s history of similar utterances in favor of soaking the rich.

In June, Obama said he’d designed his tax and spending policies to deal, in part, with the challenge of our “winner-take-all” economy, where the gains from economic growth skew heavily toward the wealthy. “A strong government hand,” he said, “is needed to assure that wealth is distributed more equitably.” He said he’d seen “no evidence” that tax cuts, particularly on business, spurred growth, calling the idea “flawed economics.” He must be unfamiliar with the Kennedy, Reagan and George W. Bush years, pre-financial crisis.

In April 2005, Obama mocked President Bush’s reference to an “ownership society,” where “each of us are on our own, managing risks and returns in the free marketplace.” When asked how “the government should help us share the risks of the new economy and reap greater rewards from the new economy,” Obama replied, “Well, right now what we’re seeing is the average American is reaping all the risks and not many of the rewards.”

In September 2006, Obama agreed with a questioner that “there needs to be an increased focus on the common good, directing more energy and resources toward improving the income and standard of living of Americans who are not in upper-income brackets.” Obama added, “I think the problem is that they’ve got a different idea of America than the idea that we’ve got.” You think?

In March 2007, Obama said Bush wants government to have no role in ensuring that America is prosperous for all people and not just some. The “term for it (is) ‘social Darwinism’ — every man and woman for him or herself.” Obama must be kidding to suggest Bush has no commitment to a safety net, with his prescription drug and education policies, to name a few.

So pardon us if we conclude Obama isn’t a big fan of the free market and prefers that government be the arbiter of how much money we keep.

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