President Barack Obama's Plan to Bankrupt America
Derek Petrella
Issue date: 12/10/09 Section: Opinion
President Obama does not say what the public does not want to hear. However, his political appointments and associations reveal his beliefs. For instance, Mark Lloyd, President Obama's Federal Communications Commission Diversity czar, stated, "In Venezuela, with Chavez, is really an incredible revolution--a democratic revolution. To begin to put in place things that are going to have an impact on the people of Venezuela." Van Jones, the former Green Jobs czar, stated, "No more broken treaties. No more broken treaties. Give them the wealth! Give them the wealth!" President Obama has stated that he supports the redistribution of wealth. In a 2001 WEBZ Chicago Public Radio interview, Obama stated, "The tragedies of the civil rights movement was--because the civil rights movement became so court focused, I think there was a tendency to lose track of the political and community organizing and activities on the ground that are able to put together the actual coalition of powers through which you bring about redistributive change." Remember what Obama said to Joe the Plumber: "I think when you spread the wealth around it's good for everyone." Clearly, President Obama endorses redistribution of wealth and change.
President Obama's plan will succeed through spending trillions of dollars on the stimulus package, health care, cap and trade, and the Afghanistan and Iraq wars. Where has most of the stimulus package money gone? Most has gone to corporations and banks such as Goldman Sachs, General Electric, JP Morgan, Citigroup, and the rest of Wall Street. Goldman Sachs reported earning $3.19 billion between July and September of 2009. It has also gone to community organizations such as the Association of Community Organizations for Reform Now (ACORN) and the Service Employees International Union (SEIU). President Obama proudly stated in a 2007 speech to SEIU members, "I have spent my entire adult life working with SEIU. I'm not a newcomer to this! I didn't just suddenly discover SEIU." The stimulus packages, first signed into law by President George W. Bush and now President Obama, have failed to fix the economy and have stalled the engines of small businesses that drive our economic growth.
President Obama's plan will succeed through spending trillions of dollars on the stimulus package, health care, cap and trade, and the Afghanistan and Iraq wars. Where has most of the stimulus package money gone? Most has gone to corporations and banks such as Goldman Sachs, General Electric, JP Morgan, Citigroup, and the rest of Wall Street. Goldman Sachs reported earning $3.19 billion between July and September of 2009. It has also gone to community organizations such as the Association of Community Organizations for Reform Now (ACORN) and the Service Employees International Union (SEIU). President Obama proudly stated in a 2007 speech to SEIU members, "I have spent my entire adult life working with SEIU. I'm not a newcomer to this! I didn't just suddenly discover SEIU." The stimulus packages, first signed into law by President George W. Bush and now President Obama, have failed to fix the economy and have stalled the engines of small businesses that drive our economic growth.
Viewing Comments 1 - 2 of 2
Joe Matera
posted 12/12/09 @ 9:11 AM EST
Dear Derek,
Good article. President Obama is clear in his own agenda no matter what the cost to America. What will this country look like at the end of his term in three years from now? Most Americans need to wake up. (Continued…)
A. Watkins
posted 1/22/10 @ 1:20 PM EST
A couple of points:
1. The stimulus, whether it's working or not (and many pundits agree that it's done good over the last year), and the need for it, is the result of deregulation that took place quietly under Pres. (Continued…)
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