I would hate to think that our next president might be a full-blown socialist – but that might just be the case with Barack Obama. I’ve long been wary of his economic policies, ever since his proposed “universal health care.” Recently however, Obama has been hinting more at his socialist policies, especially when he promised as president to bring about “economic justice“:
Reportedly, he repeated his endorsement of “economic justice” three more times in that speech.
Although the senator didn’t define what he meant by “economic justice,” in its July 28th editorial, IDS did.
The editorial asserts that “Economic justice simply means punishing the successful and redistributing their wealth by government fiat. It’s a euphemism for socialism.”
Uh-oh. Punishing the succesful? I don’t like the sound of that. Neither does Ted Belman at Israpundit:
It’s clear from a close reading of his two books that he’s a firm believer in class envy. He assumes the economy is a fixed pie, whereby the successful only get rich at the expense of the poor.
Following this discredited Marxist model, he believes government must step in and redistribute pieces of the pie. That requires massive transfers of wealth through government taxing and spending, a return to the entitlement days of old.
Of course, Obama is too smart to try to smuggle such hoary collectivist garbage through the front door. He’s disguising the wealth transfers as “investments” — “to make America more competitive,” he says, or “that give us a fighting chance,” whatever that means.
Among his proposed “investments”:
• “Universal,” “guaranteed” health care.
• “Free” college tuition.
• “Universal national service” (a la Havana).
• “Universal 401(k)s” (in which the government would match contributions made by “low- and moderate-income families”).
• “Free” job training (even for criminals).
• “Wage insurance” (to supplement dislocated union workers’ old income levels).
• “Free” child care and “universal” preschool.
• More subsidized public housing.
• A fatter earned income tax credit for “working poor.”
• And even a Global Poverty Act that amounts to a Marshall Plan for the Third World, first and foremost Africa.
I wonder if even the liberals of America would approve of his proposed policies.
