Thanks to Mrs. Dottie Hibbert and Jimmy Carter for contributing great reasons to vote against Obama and Democrats in 2012. Mr. Carter was praising the ‘Occupy’ movement for focusing on the growth of wealth disparity. Wealth disparity has grown tremendously under Obama and the Democrats now in Congress. Perhaps Mr.Carter hoped that we would not notice.
In 1935, President Franklin Roosevelt said: “Continued dependence upon relief induces a spiritual and moral disintegration fundamentally destructive to the national fibre. To dole out relief in this way is to administer a narcotic, a subtle destroyer of the human spirit.”
Obama’s 2012 campaign website claims that Obama is “The only candidate fighting for the middle class,” but his policies have produced a shrinking middle class with less income, far less assets, and out of control debt. (3) (4)
Millions of Americans endured financial calamities in the recession. But for many in the black community, job loss has knocked them out of the middle class and back into poverty. (5) And some experts warn of a historic reversal of hard-won economic gains that took black people decades to achieve. “History is going to say the black middle class was decimated” over the past few years, said Maya Wiley, director of the Center for Social Inclusion. “But we’re not done writing history.” Adds Algernon Austin, director of the Economic Policy Institute’s Program on Race, Ethnicity and the Economy: “The recession is not over for black folks.” Austin thinks more black people than ever before could fall out of the middle class because the unemployment rate for college-educated blacks recently peaked and blacks are overrepresented in state and local government jobs. Those are jobs that are being eliminated because of massive budget shortfalls. (6)
Princeton Professor Cornel West, an African-American, eagerly shook the hand of President Barack Obama in June 2010. Today, West calls Obama “a black mascot of Wall Street oligarchs.” Obama and Democrat policies benefit the upper one tenth of one percent of the population, for everyone else a government benefit means economic enslavement.
“This year, more than 46 million (15% of all Americans) will get food stamps…45% higher than when Obama took office, 69 percent increase from 2007, and twice as high as the average for the previous 40 years.” America’s political elite have created a European-style, class-based economy with a voting block of people dependent on their government. Our situation is becoming as dangerous as Greece. http://news.investors.com/article/598993/201201260805/entitlements-soar-under-president-obama.htm
“According to the Census Bureau 49% now live in homes where at least one person gets a federal benefit – Social Security, workers comp, unemployment, subsidized housing, and the like. …That’s up from 44% the year before Obama took office, and way up from 1983, when fewer than a third were government beneficiaries.”
“The American public’s dependence on the federal government shot up 23% in just two years under President Obama, with 67 million now relying on some federal program, according to a newly released study by the Heritage Foundation.” http://news.investors.com/ArticlePrint/600452/201202080802/government-dependence-jumps-under-president-obama.aspx
Since President Johnson launched the “War on Poverty” in 1964, federal means-tested welfare spending has increased exponentially. Today, the U.S. spends 13 times the amount it spent on welfare in the 1960s—or about four times the amount needed to pull every poor family out of poverty.
However, welfare programs have failed to address the causes of poverty, and the federal poverty rate remains nearly unchanged. (1) Not only do the poor become addicted and enslaved to welfare payments, middle class working people become enslaved by taxes and ever increasing regulations and ever increasing government debt. The “War on Poverty” is a means to drive the increase in government jobs, government payrolls and government budgets and thereby the power and control of government over American lives, all paid for by taxpayers, primarily middle class taxpayers and top 10% earners, and their children and grandchildren.
“While the 1996 welfare reforms successfully moved people from welfare into work, it did not, as some believe, “end welfare as we know it.” In fact, these reforms restructured only one of the more than 70 federal means-tested programs. Today, these programs are spread over 13 government agencies and amount to almost $900 billion in spending per year. The growth of welfare spending is unsustainable and will drive the U.S. into bankruptcy if allowed to continue unreformed. Since the 1960s, the U.S. has spent approximately $16 trillion on welfare. Over the next 10 years, welfare spending is projected to cost taxpayers $10.3 trillion. Today, means-tested assistance is the fastest growing part of government, with our nation spending more on welfare than on national defense.”
We have a spending problem in America. This short video illustrates the magnitude of just how much we spend in just one year. http://www.youtube.com/watch_popup?v=JY8LKII_MNA&feature=youtube_gdata_player
“…deficit spending during Obama’s four years in the White House (based on his own figures) will be an estimated $5.170 trillion — or $5,170,000,000,000.00. To help put that colossal sum of money into perspective, if you take our deficit spending under Obama and divide it evenly among the roughly 300 million American citizens, that works out to just over $17,000 per person — or about $70,000 for a family of four.”…”The previous record for most deficit spending during a presidency was set by President George W. Bush (see table 1.3 in the White House’s Historic Tables). During Bush’s 8-year administration, total deficit spending was $3.402 trillion. That’s a truly extraordinary and reckless sum. It’s also $1.768 trillion less than deficit spending in just four years under Obama. Per year, deficits under Bush averaged $425 billion. Per year, deficits under Obama (according to his own numbers) will average $1.293 trillion — or more than three times as much.” (2)
“We have tried spending money. We are spending more than we have ever spent before and it does not work.” “…after eight years of this Administration we have just as much unemployment as when we started. . . and an enormous debt to boot!”
Henry Morgenthau, Secretary of the Treasury under President Franklin Roosevelt and one of FDR’s closest advisers.
We are all being enslaved economically to our government by taxation, government debt and ever more burdensome regulations. This is not my opinion, it is an empirical fact and a fact that Obama understands.
“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies…Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here.’ Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.” – Sen. Barack Obama, Congressional Record, S.2237-8, 3/16/06
Obama said, “Words are important.” But, as I have illustrated in this posting, citizens would fare better by listening to Obama’s words and then assume he means exactly the opposite.
“I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents.” ~ James Madison
“The issue today is the same as it has been throughout all history, whether man shall be allowed to govern himself or be ruled by a small elite.” ~Thomas Jefferson.
(1) Heritage Foundation. Two Americas: One Rich, One Poor? Understanding Income Inequality in the United States
By Rea Hederman, Jr. and Robert Rector, August 24, 2004 http://www.heritage.org/Research/Reports/2004/08/Two-Americas-One-Rich-One-Poor-Understanding-Income-Inequality-in-the-United-States
(3) Despite a massive federal bailout of the housing industry, 10.7 million American mortgages were underwater as of September 2011 – meaning the debt on these properties exceeds their fair market value. Another 2.4 million borrowers had an equity stake of less than 5 percent in their homes. Also, bear in mind that these dismal stats don’t include the nearly four million U.S. homes that have already been foreclosed on since the recession began in December 2007.
(4) According to the Census, 97.3 million Americans are currently classified as low income. Meanwhile an additional 49.1 million Americans are currently living below the poverty line. Add those numbers together and you’ve got 146.4 million people – or 48 percent of the country – who are currently either poor or low income, an increase of 4 million people from 2009. Within that total an estimated 44 million people – or 15 percent of the population – are currently receiving food stamps, a 69 percent increase from 2007.
(5) In 2004, the median net worth of white households was $134,280, compared with $13,450 for black households, according to an analysis of Federal Reserve data by the Economic Policy Institute. By 2009, the median net worth for white households had fallen 24 percent to $97,860; the median net worth for black households had fallen 83 percent to $2,170, according to the institute.
(6) The black unemployment rate has risen from 14.7 to 16.2 percent, according to the Department of Labor.