The Obama administration’s arrogant push to bankrupt our nation is reminiscent of China and Mao Zedong’s failed policy of punishing the rich and stripping the trappings of wealth in favor of increased poverty for the masses, all in the name of the greater good. Like China of that era, our country has a strong, vibrant culture with many wealthy or “rich” people. Like Mao, Obama has targeted the wealthy as the evil doers that must pay for all of his massive, debt incurring programs.
One of the many problems with this policy is that there are not enough of the so-called “rich” and every American will be burdened with massive increases in taxes. Much like China, the middle class will bear the brunt of the schemes and the debts being levied now will result in heavy burdens for every American. Thus, the so called “rich” are every one of us. Ordinary families will be forced to pay for these programs with their jobs, standard of living and futures for their children.
Mao’s failed policy destroyed his reputation within China. Rich families were forced to hand over family treasures and the educated were sent to the country to work the farms. Ordinary families lived in crushing poverty. Sound familiar? With Obama the rich are expected to hand over massive new sums of money in taxes, fees and surcharges. Insurance companies that are deemed too profitable will be forced to reduce income in a heavy handed nationalization of healthcare. The energy industry and US based manufacturing base will be saddled with massive new carbon taxes. Wall Street workers are having their pay capped. As an industrialized nation, these taxes and other fees are tantamount to the destruction of industry and the American way of life. Much Like Mao’s backward assault on Chinese culture, Obama has targeted the very engine of our success – capitalism. We as a nation will be crippled by the poorly conceived acts of this administration.
The Obama Administration (with the aid of his cohorts in Congress, Pelosi and Reid) has yet to prove itself capable of managing any project, let alone the nationalization of such massive sectors of our economy. We face years of misery and further fomenting of contempt for our government. It took China many years to recover. Mao’s successor, Deng Shao Ping, is hailed a hero in China as the man who opened up the country for business and made being rich acceptable again. In the same manner, so could Obama’s successor be hailed as a hero. His disastrous and poorly conceived programs will be undone. However, the cost to the standard of living for millions of Americans will be steep. How much of this disastrously poor leadership can we endure?
