BO’s ‘social compact’ may be part of his extreme ideology and drive to level ‘playing field’ for all in US and for leveling the US comparatively in the world. This is our 21st Century Karl Marx, a Saul Alinksy disciple.
Dollar Collapse and an Economic New World Order (NOW)
Left unchecked the US dollar will collapse. Then the IMF / G20 may ‘rescue’ the US economy with a coordinated debt restructuring. This may include severe entitlements’ ‘haircuts’. At first, BO may gleam with delight and proclaim that capitalism killed the US and world economy. BO may then expect a promotion – global leader of an economic New World Order (NOW). No way! The IMF and G20 will bluntly rebuke him and ask that he organize communities again. The IMF understands that the private economy must be re-established and allowed to thrive.
The economic NOW may struggle for several years. However new technologies plus global nanny state destruction will catapult the world economy to unprecedented heights.
BO cannot comprehend this. He has never created a dollar of genuine wealth. Finally his days of influence are waning every day as our public debt daily increases by 4-5 trillion. Soon, however, Capitalism will thrive as never before!