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President Obama's 'Fairness' Vision Would Bankrupt Nation
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Candidate
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| Contributor | Scott³ |
| Last Edited | Scott³ Apr 12, 2012 08:43am |
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| Category | Editorial |
| Author | Investor's Business Daily |
| News Date | Wednesday, April 11, 2012 02:00:00 PM UTC0:0 |
| Description | "In two recent high-profile policy speeches, President Obama has struggled to make a case for his big-government, high-tax vision for the economy. But his comments reveal just how bankrupt his vision is.
It's ironic that President Obama would make two speeches this week in Florida about "fairness," sandwiched as they were between $10,000-a-plate fundraising dinners. But that's the level of hypocrisy coming from the White House these days.
To be polite, most of the comments Obama makes these days about the economy, taxes and, especially, "fairness" stretch all credibility. Hearing the large number of outright falsehoods and partial truths he uses to support his argument, it's impossible not to believe it's simply a ploy to get votes from those who envy the rich and the successful.
A full unpacking of Obama's whoppers would require a much larger space than we have here. Here are just a few examples:
"I believe the free market is the greatest force for economic progress in human history."
If he believed that, he would not have signed the $787 billion stimulus bill. He wouldn't have imposed onerous new green regulations on businesses. He wouldn't have taken over the auto and banking industries.
Nor would he seek massive new tax hikes on businesses, or use the frightening power of government — including thousands of new IRS agents to enforce ObamaCare — to pursue his utopian vision of "fairness."
If Obama truly believed in the free market, he'd eliminate Fannie Mae, Freddie Mac, the EPA, the Energy Department and many other federal departments and agencies that distort free markets. He would roll back thousands of costly, ineffective regulations that estimates say cost the U.S. $1.8 trillion a year." |
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