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May 30 2012

Obama’s War on Capitalism

Obama-the-Occupier

Despite the obviously insincere rhetoric he will sometimes dutifully recite at fundraisers, the first red diaper baby to grow up to be president has faithfully pursued the Marxist ideology of the Occupy Wall Street movement. Obama has been at war with economic freedom:

The former community organizer had just entered office when, in the summer of 2009, the federal government gave General Motors $49.5 billion in aid, including a $6.7 billion loan, to finance its bankruptcy. The result: Washington, not private shareholders, took roughly 61% ownership of GM.

The bailout wasn’t to save capitalism; it was a payback to the United Auto Workers union that gave Obama and his party more than $4 million. The UAW’s pension fund was given 17.5% of the new GM, worth about $7 billion.

GM wasn’t Obama’s only trophy. Chrysler was bailed out in 2009 as well, receiving $30 billion from Washington. Once again, the UAW was rewarded, this time with a 55% share of the company. In both bailouts, those with nonunion financial interests in the companies, from bondholders to creditors, received third-class treatment.

While it’s comforting to think the bailouts ended with GM and Chrysler, Obama has ominously said, “What’s happening in Detroit can happen in other industries.”

And it will, if Obama gets another four years to wreak havoc.

Obama has continued his capitalism-wrecking, union-favoring campaign by naming members to the National Labor Relations Board who tried to block Boeing from opening a plant in South Carolina to build the company’s 787 Dreamliner.

The NLRB accused Boeing of locating in a right-to-work state as a reprisal against union workers who organized strikes at the company’s Washington plant — one of which delayed production of the long-awaited 787 and cost the company $1.8 billion.

Calvin Coolidge, who presided over a period of burgeoning prosperity, famously said, “The business of America is business.” Comrade Obama’s other attacks on it include:

• Trying to put private insurers out of business and taking over one-seventh of the economy through ObamaCare.

• Seizing, in effect, the bank industry and nationalizing the student loan program.

• Blocking the Keystone XL pipeline.

• Delaying approval of the South Korea, Colombia and Panama trade deals.

• The sharp spike in costly regulations.

• His hope of hiking the tax burdens on oil companies by stripping them of the same tax breaks available to all industries.

As early as his first State of the Union address, the Manchurian Moonbat alerted Lawrence Kudlow that he had declared “war on investors, entrepreneurs, small businesses, large corporations, and private-equity and venture-capital funds.”

In 2008, voters picked a pig in a poke. This time, the choice is clear: socialism and poverty, or freedom and wealth. That Obama even dares put his name on the ballot is an alarming indication of how liberalism has corroded not only our national character but our sanity.

Graphic and tip compliments of Zappatrust.

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  • klae

    All of a sudden, that recent news story of a drugged-out savage cannibalizing another man’s face makes sense. I’ll bet the cannibal was a union member.

  • Fiberal

    Tip of the iceberg, Dave:

    Raser Technologies
    ECOtality
    Nevada Geothermal
    First Solar
    Abound Solar
    Solyndra
    Beacon Power
    Sun Power
    Brightsource

    and many others I don’t have the patience to type in.
    —-all amounting to Billion$ of our money, now in the hands of tax-evading BO supporters. (so yeah, let’s all go after Eduardo Saverin — that’s the ticket.)

    And yet this insect-brained half-witted, week-old sack of unrefrigerated kenyan monkey dung has the gall to criticize Romney’s venture capital work –successful w 80% of companies invested.

    And of course, none of BO’s company CEOs are on the pathetic, wormy radar of Occupy WS Trashcans. (They tried with Jeffry Immelt up until Soros called them off–that sack of year-old unrefrigerated old-man dung.)

    .

    Both democrats and republicans share responsibility for this liberal bankruptcy lunch.

    But it couldn’t have happened without a certain Keynesian muslim.

  • pagar

    You didn’t mention that he has taken over the seas and American waterways in the name of the UN.

    American sovereignty thrown aside with the stroke of a pen.

    http://www.conservativecommune.com/2012/05/obama-imposes-law-of-the-sea-treaty-by-executive-fiat/?utm_source=twitterfeed&utm_medium=twitter

  • IslandLifer

    I don’t know if it’s just me but I continuously get rerouted to a spam site almost every time I open a new thread. I thought it was my phone so I exchanged it for a new one. Problem continues still.

  • IslandLifer

    Let’s throw out these crooked politicians and replace them with more like this guy…

    http://www.youtube.com/watch?v=PhbRcDZiJJc&feature=youtube_gdata_player

  • FrankW

    There is a supportable theory floating around Wichita, KS, that part of the purchase price for the SC plant is having closed down Wichita. The union volume died off after hints of Wichita’s demise were announced. So basically Boeing traded away the past that made them what they were for a shiny new plant in SC. (Oh yeah and Boeing flipped off the city and state over some tax breaks they have received)

  • Bill T

    You can be sure they No hablo español

    Obama’s Pet Project: Illegal Immigration Into Israel
    http://www.jdl-uk.org/2012/05/obamas-pet-project-illegal-immigration.html

  • http://www.savageleft.com Red Dawn

    Well, using the word “capitalism” implies acceptance of the false marxian premises.

    Please use the term “free enterprise” instead.

    If we can’t communicate our message properly, we’re going to have a hard time defeating the totalitarians in our midst.

  • TED
  • TED
  • TED
  • bobdog

    The list of businesses crippled by the Obama administration is far from complete. Who can forget such favorites as:

    1. Cash for Clunkers.
    2. The shutdown of the oil drilling business in the Gulf of Mexico.
    3. The ban on offshore drilling in the Atlantic and Pacific.
    4. The continued stonewalling of drilling in ANWR.
    5. EPA regulations strangling the coal industry.
    6. With the sole exception of Southern Company’s new reactors, the continuing ban on nuclear power production.
    7. The organized scaremongering of fracking in the natural gas industry.

  • Sam Adams

    From todays news:

    Obama criticized private planes.

    Now he proposes to subside their manufacture.

    http://campaign2012.washingtonexaminer.com/blogs/beltway-confidential/obama-aide-promises-1b-corporate-jet-subsidies/543441

    You can’t make this stuff up.

  • oldguy

    Communism is a very popular form of government that never works.

  • cmon people

    And once again, it falls to me to point out the stupidity inherent in these posts…

    “Calvin Coolidge, who presided over a period of burgeoning prosperity, famously said, “The business of America is business.””

    Coolidge was of course the Vice President who watched from the sidelines as the Teapot Dome scandal rocked America. Nice and ‘free market’ to give unbidded contracts to cronies, costing the US untold sums of $. Seems like something you folks would be all in favor of…. riiight. Or maybe you really are in favor of that. Since you clearly support Willard “Give me everything, fuck the rest of you” Romney.

    Whatever. Obama will clearly win a second term, and hopefully will continue to ignore the ignorant bleating of the sheeple classes.

    (Aside: in 2009, the US imported $20,000 or so in solar panels from China. This year, it was over $2 BILLION. representing 70+% of the world’s market. Kinda makes me wish Obama and his crew had tried to subsidize that burgeoning industry before China beat us to it. Oh wait… he did try. And you and yours were up in arms about it. Number of posts on here about how glad you all were to see Solyndra trying to spark a new industry? Zero. Way to always be on the wrong side of history… )

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