Obama’s New One PerCent


Obama (BO) is in process of creating a New 1%. It is a BO czar dictatorship – a 21st century Politburo.  Read on …

 

A new 1% that BO is creating consists of ruling elite that includes the Democratic Party with their powerful czars and heads of agencies such as:

 

  • EPA implementing CapnTrade
  • NLRB preventing companies to expand in right to work states
  • Energy Dept wasting billions on ventures no private entrepreneur would touch
  • HUD that continues mandates for banks to loan to those who cannot repay
  • 33 new ObamaCare Agencies to ration health care
  • many bureaucrats between you and your doctor
  • DoddFrank administrators threatening to rule on financial matters they have no clue about, etc.

 

This new 1% will be a 21st century Politburo.

 

BO is currently decimating the current 1% via DoddFrank and continuing war on capitalism.  BO likes to state that he is helping the middle class.  Rather he is shrinking the middle class by providing so many entitlements that many loose work incentive and their private industry earning potential.  In early 1980’s 18% paid no income taxes.  In 2011 49% did not.  BO continues to increase the ‘Dependent of Government’ or ‘DOG’ class that will perpetually vote Democrat.  This will allow the new 1% a life of extreme luxury while all others suffer and loose many freedoms.

 

Marxism is the political and economic philosophy of Karl Marx and Friedrich Engels in which the concept of class struggle plays a central role in understanding society’s allegedly inevitable development from bourgeois oppression under capitalism to a socialist and ultimately classless society.

 

Every attempt at Marxism has resulted in a “vanguard of the proletariat” to “manage” the masses to a utopia where all are equal.  Evidence:  Russia, China, East Germany, Cuba, North Korea.  Per Marx, theis vanguard is to live short term and just be a transitory phase.  It never has and never will.  Marx failed to fully take into account human nature.  BO is in beginning phases of Marxism in his New 1%.  Stop him now.

 

What a contrast: the most anti capitalist President of all time and the least qualified to lead an economy let alone  the country versus a Presidential candidate most successful as a capitalist.  Take our country back – vote Mitt.

 

 

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About economics501

1 - free market Capitalist; 2 - Fitness Entrepreneur; 56 years old, VP at an Investment Bank in NYC, ex Venture Capitalist, happily married with 2 girls. Education: Rutgers and NYU. I allow Ted Hruzd, my friend to blog at will here. He has many posts here. I have known Ted since we were both students at NYU. Ted also works for an Investment Bank as a VP in Equity Global Markets. ------------------------- I was very very Socialist leaning as a 22 year old. I then strongly believed in Gov role in helping the poor. However, as a USDA Child Nutrition Programs, I personally accounted for millions of fraud, abuse, and waste of tax payer money. I came to believe that the poor would be best served with less Gov programs and more with direct aid via tax system. Then after 5 years I became a free market capitalist, was a venture capitalist in 2007 and helped start 2 high tech companies. I dedicate this site to champion free market capitalism as the best road to Prosperity. Please join in. If you disagree, fine, but please post with dignity and class and be civil. Argue with facts always.
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