A few weeks back, I asked you to tell me what you’d like to see me write about on this blog. The #1 answer was, “Whatever’s on your mind.”
So here goes …
This is not a happy time for any American who still harbors dreams of becoming rich.
Barring a miracle, we are about to make Barack Hussein Obama the next president of the United States. And, to ensure that he is given full reign to have his way with us, we’re about to give him a huge majority in both houses of Congress.
That means, if you believe Senator Obama’s campaign promises …
- He will soon add other people’s names to your paycheck if you earn $250,000 or more per year.
- He will use confiscatory taxes to punish small businesses — America’s #1 source of new job creation — and by doing so, he will send unemployment skyrocketing.
- He will raise taxes on investment; which can only diminish demand for stocks and wipe out trillions more dollars that we’ve invested in our retirement and college savings plans.
- And if he makes good on even half the new spending promises he’s made in his campaign, we’re likely to see a federal deficit approaching $2 trillion in 2009 and skyrocketing interest rates as far as the eye can see.
Make no mistake: Despite Obama’s populist tirades, none of this will cause the super-rich so much as a single twinge of pain. Billionaires and multi-millionaires have all the cash they need; they don’t need to have an income or to pay income taxes.
Nor is Obama declaring war on CEOs who have earned hundreds of millions per year … or on billionaires like Bill Gates or Warren Buffet … or trust fund babies who have millions in inherited wealth. They already have more money than they could possibly spend in many lifetimes.
Obama is declaring war on you, me and everyone else who hopes to become rich; on your dreams of wealth, independence and a better life for your kids and grandkids.
And he is declaring war on the millions who work for small businesses whose bosses are about to be faced with the dilemma of whether to pay their taxes or their employees.
A lot has been made, lately, of accusations that Obama’s redistributionist fiscal policies are “socialistic.” Obama and his spinmeisters address these claims not by debunking them, but simply by scoffing at them.
But cynicism is no argument. The simple truth is, Obama has made no secret of the fact that his mission is to “spread the wealth” by confiscating money from people who earned it; then giving that money to people who didn’t. And that is, by definition, the very essence of socialism.
I must also admit that Obama’s selection of, 20-year friendship with and praise of Jeremiah Wright makes me wonder if, like his pastor, Obama may also harbor extreme racist tendencies. And if this deadly combination — racism plus socialism — reminds you of another charismatic leader, a great speech-maker and National Socialist who swayed the proletariat with promises of “change” some 70 years ago, so be it.
The fact that Obama is telegenic and charismatic only makes him more dangerous — a far deadlier enemy of capitalism, free enterprise, of your right to possess the fruits of your labor and ultimately, of your personal liberty.
Mark my words: When Obama and his cronies in Congress — Nancy Pelosi, Harry Reid, Barney Frank, Christopher Dodd and Charlie Rangel — are through with us, we’ll hardly recognize this country.
Frankly, I blame George Bush for this. His idiotic “compassionate conservatism” — huge spending increases without a single effort to eliminate government waste — blew the federal budget to smithereens.
His failure to rein in Fed chief Alan Greenspan who slashed interest rates from 6.5% in 2000 to 1% in 2003 — and his failure to reform Fannie Mae and Freddie Mac — created the greatest asset bubble of all time … and of course, the greatest economic bust of our lifetimes.
And it was on Bush’s watch that Washington began seizing U.S. corporations — our largest insurer, our two largest mortgage brokers and buying the stock of scores of other corporations.
In short, George W. Bush’s abject incompetence set the stage for the Obama phenomenon that is about to change our nation and our lives forever.
For people like us — people who believe that adversity must be met with intensified resolve — only one response to these new headwinds of punitive taxation and regulation is worthy:
To cling to our dreams with our last ounce of strength … to refuse to allow ourselves to be made ordinary … to redouble our determination and our efforts to provide better lives for our employees, our families and ourselves.
Yours for Bigger Winners, More Often,
Publisher & Editor
THE TOTAL PACKAGE
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