Posts Tagged ‘Socialist’

Obama: “Redistribution of Wealth”

October 27, 2008

In 2001 while Obama worked as a community organizer and practiced as a civil rights attorney and was serving in the Illinois Senate he spoke on Chicago Public Radio Station WBEZ-FM. At that time he said:

The Supreme Court never ventured into the issues of redistribution of wealth, and of more basic issues such as political and economic justice in society… and one of the, I think, tragedies of the civil rights movement was, um, 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. In some ways we still suffer from that…

Obviously, Sen. Obama did not suffer a slip of the tongue when he made the “gotta spread the wealth around” comment to “Joe the plumber” last week. This is his actual agenda, this is the agenda of those who seek to put him into office. This is the agenda that which will pitch this country into a depression that could make the Great Depression(1) that began in 1929 look like a Sunday School picnic.

This comment from Obama indicates that what is really at stake in this country this election is a referendum on Capitalism vs. Socialism. Currently the wealth of this nation is tied up in stocks and bonds, in banks and mortgage notes, in thousands of financial instruments that pay dividends or interest, or accumulate additional value over time. Wealth does not sit in a fireproof safe under someones stairwell waiting to be re-distributed. It is actually working, creating jobs for millions of Americans. From factories, to the service industry, to Wall Street brokers it actually is the foundation of our economic system.  To simply state that this wealth can somehow be taken from one group and equitably re-distributed to another group without a massive economic failure effecting every Main Street, every American worker, every Social Security beneficiary, every family, without massive economic disruption is a delusion, a fantasy of the highest order.

Thomas Jefferson, Founding Father and third President of the United States warned:

A democracy is nothing more than mob rule, where fifty-one percent of the people may take away the rights of the other forty-nine.

Barack’s thinking is that of the academic. He never once hired a worker for a productive industry, never met a payroll, never sent hundreds of checks every month to suppliers, never went without his own paycheck in order that those he hired would be able to cash their own. He never sent a check to those who provided the capital or those who underwrote a business, to the property owner who supplied the land and building. His thinking is not just wrong, but dangerous to the standing of the United States in the world as a safe haven for investment.

I fear Jefferson’s prediction is about to come true.

(1) The Great Depression was a worldwide economic downturn starting in most places in 1929 and ending at different times in the 1930s or early 1940s for different countries. more…