Tax and spend has long been the art of the liberal democrat, seizing money from successful producers to provide for the "less fortunate" through massive entitlement programs. Under the guise of compassion, democrats are increasingly creating a society that cannot function without their benevolence, though the benevolence is borne not by them but by those who have not yet succumbed to the notion of complete dependence. And the evidence of the destructive results were on full display in the relative microcosm of New Orleans in 2005.
Apparently, President Obama and the democrat-controlled congress are not satisfied with the pace of submission as they have rapidly accelerated the confiscatory practices of taxation and are spending like newly endowed lottery winners. To make matters much worse, Obama is planning to severely micromanage the economic recovery, using a braking system - or is that breaking? - to take 'er nice and slow.
Politico.com is reporting that Obama is preparing to "regulate new bubbles", meaning that if the economy starts to look too good, he's going to tax the daylights out of it. From the article:
“We know that an economy built on reckless speculation, inflated home prices, and maxed-out credit cards does not create lasting wealth. It creates the illusion of prosperity, and it’s endangered us all,” Obama said recently.I have to give the left credit for one thing; they sure know how to make a pile of dung sound delicious.
But what Obama rarely says about ending the “cycle of bubble and bust” is this: he’s prepared to intervene to make sure that kind of red-hot growth doesn’t occur.
What this means to me, however, is that he is planning to treat the economy in true socialist fashion, that being that success is patently unfair and the only method of fairness is an equal level of misery. Since the busts are so painful, the joy of prosperity must be tempered, as well. To be fair, our society has become all too accepting of such standards, preferring the monotony of a Zoloft existence to the roller-coaster ride of emotion.
Be prepared for Obama's new "tax and end" policies to provide an endless stream of soothing, gray days. If the sun should try to peek out and ruin the general malaise, he'll tax that, too. Happiness will not be tolerated any longer. Sphere: Related Content
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