Barack Obama Declares War on Investors, Entrepreneurs, Businesses, And … Our American Economy


And socialism took over America under the guise of “Change you can Believe In” as Obama_socialists-changepeople naively looked on and waited for their redistribution of wealth only to realize that they were by definition, the wealthy. Obama is what we said he was … a tax and spend liberal (socialist). How many of you that voted for change thought you were voting for socialism, even though you had been warned?

As Larry Kudlow stated … Obama is declaring war on investors, entrepreneurs, small businesses, large corporations, and private-equity and venture-capital funds. As The Astute Blogger very well states, OBAMA IS ATTACKING THE VERY HEART AND SOUL OF THE ECONOMY.

Let me be very clear on the economics of President Obama’s State of the Union speech and his budget.

He is declaring war on investors, entrepreneurs, small businesses, large corporations, and private-equity and venture-capital funds.

That is the meaning of his anti-growth tax-hike proposals, which make absolutely no sense at all — either for this recession or from the standpoint of expanding our economy’s long-run potential to grow.

This is nearly double the government-spending low-point reached during the late 1990s by the Gingrich Congress and the Clinton administration. While not quite as high as spending levels in Western Europe, we regrettably will be gaining on this statist-planning approach.

Study after study over the past several decades has shown how countries that spend more produce less, while nations that tax less produce more. Obama is doing it wrong on both counts.

The Gateway Pundits adds yet another tax gem from Obama with the carbon gamble that will cost consumers $65 billion. A carbon tax on energy producers passed on to the consumers. Think people earning less than $250K a year will not also be paying these expenses?

Mr. Obama’s budget estimates $645 billion in cap-and-trade revenue over the next 10 years that will largely be paid by oil, electric power and heavy industries that produce the majority of carbon dioxide and other gases blamed for the warming of the planet. Many of these costs are expected to be passed on to consumers.

If you liked this post, you may also like these:

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  • 51% of Americans Don’t Want Barack Obama for a Second Term … Independents, 51%-18% Give Obama Poor Marks in Creating Jobs & Economic Growth
  • Barack Obama Says at Fundraiser for Democratic Senatorial Campaign in Palo Alto, CA … “We Don’t Want to Tax All Businesses Out of Business”
  • Small Business Optimism Up Again and At 35-Year High … Just Shy of the July 1983 Record-High of 108

  • Comments

    27 Responses to “Barack Obama Declares War on Investors, Entrepreneurs, Businesses, And … Our American Economy”

    1. mary,uk on February 28th, 2009 4:40 pm

      God help the Great U S A!!!!

    2. Scared Monkeys on February 28th, 2009 7:02 pm

      Best line of the day from CPAC from Anne Coulter:

      Why do Democrats keep calling Obama Lincolnesque and Reaganesque? What’s the matter they don’t have any good Democrat Presidents to compare him to?

      However, before long they will be calling Obama, Carteresque.

    3. brie. on February 28th, 2009 8:50 pm

      Well, dumb people, you wanted change and now you have got it…to elect the most liberal senator in Congress…nothing like having your head in your behind…!!!!

    4. brie. on February 28th, 2009 9:27 pm

      At least I think Hillary cared about our country…I’m sure McCain and Hillary look at this as a complete disaster….

    5. rightknight on February 28th, 2009 9:58 pm

      The last thing the American People want is to
      be set on a ONE WAY STREET to Socialism/Communism.
      Most of the actions being initiated by this new
      President have the combined effect of doing just that.
      Even the Second Amendment is being targeted in order
      to weaken the last option of folks who find that Tyranny
      is being implemented and potentially imposed.

      Currently, the DRUG of ‘entitlements’ has a debasing
      grip on a large portion of otherwise responsible people.
      Cold Turkey is not a happy prospect for these welfare
      addicts. One wonders why a Liberal (Big Brother)
      government that is dependent on these dependents
      would initiate a cure.

      Americans have no history of mass exodus to Socialist
      Countries. Those from Socialist/Communist Countries
      are dying to become Americans.

      Well, so far that is!

    6. Carpe on February 28th, 2009 10:10 pm

      Where is Barry’s birth certificate?

      For some reason, nobody wants to show it!

      I hear if you want “Change You Can Believe In”…

      you only have to look at it. LOL

    7. nurturer on February 28th, 2009 10:19 pm

      #2 – How about ‘Leninesque’?!

      #3 – I’e said it often, on this board and in personal conversation. Many who voted for this clown are young and naive, like Winston Churchill insisted. Many are still in college and have never, EVER, had to even balance their own PERSONAL badgets. Let alone understand the budget of their country. Ask many of these kids what GDP means. They think it’s some new rap star.

      Let the growing up begin!!!

    8. joran will kill again on February 28th, 2009 10:59 pm

      keep the “change” Barry

      its gonna be a long 4 years….

    9. Waterboy on February 28th, 2009 11:10 pm

      Obama, he’s a real catfish, thats for sure. He swims around on the river’s bottom, searching for his next worm to eat. The worm—that’s me and you.


    10. Penni on March 1st, 2009 12:11 am

      The people who voted Mr. Obama to be their President are blaming our current situation on President Bush. They do not look for other media sources to learn what’s happening in our country. While I agree with this article, these people don’t even know that it exists. They won’t even know there’s a problem until it’s to late to repair it. How frustrating this is.

    11. buster on March 1st, 2009 1:10 am

      Yall its called rectal cranial inversion

    12. rightknight on March 1st, 2009 1:33 am

      The audacity of a government action to ARBITRARILY select
      carbon emission (CO2, etc.) level limits fror industries in order
      to cripple those industries (as claimed by Obama, ie: coal)
      is un-American. A skinny lawyer dude supported by a
      motley selection of unsophisticated congressional loons
      is attempting to confiscate our children’s future to spend
      on pie-in-sky pork. No sign indicating common sense vetting
      of self-serving line items. Spending frenzies of this magnitude
      and content is criminal by reasonable standards.

      Pass the blinders and hit the gas!

    13. wg on March 1st, 2009 5:13 am

      I don’t see a liberal. I see someone who has publicly endorced free trade. What has free trade done lately for the American people? Who profits from free trade? Where are jobs? Millions and millions of good paying jobs in manufacturing, finance, etc. have been outsourced for the over twenty years. The backbone of this nation is broken. The number security job in America should include security. Secure the economy. Build firewalls for our financial system. Ensure that we remain capable of buying food to feed our families. Stop the outflow of American dollars.
      SM: Free trade? He ran on buy American to pander to the unions …. went back on that little tid bit as the Euros threatened emabargo.

      You think increasing jobs means created added expenses on the very individuals who create the jobs? Think adding more expenses and overhead to companies is a recipe for creating jobs?

      Put the crack pipe down.

      If added expenses are placed on products, the consumer will bear the cost. If a company cannot operate because od extra taxes, they will lay off workers.

      This is Euro-Socialism … nothing more, nothing less.

    14. Richard on March 1st, 2009 9:26 am

      Here’s part of an AP story on what seems to be a growing issue. Obviously the problems are complex, but this does not seem to bode well:

      WASHINGTON – The Obama administration rushed to include a health care safety net for laid-off workers in the recently signed stimulus bill, but has not told employers exactly how to make it work.

      As a result, tens of thousands of jobless people could wait months before getting help paying for health insurance that their employers previously had covered.

      “Too many people are still trying to figure this out,” said Heath Weems, director of human resources policy at the National Association of Manufacturers. “There is a lot of confusion.”

      At issue is the program called COBRA, the acronym for the law that allows workers to keep their company’s health insurance plan for 18 months after they leave their job, if they pay the premiums.

      The policies are so expensive that only a minority of eligible workers sign up, often those with medical conditions that demand attention. Costs for a family of four can top $1,000 per month.

      A $25 billion provision in the stimulus bill aimed to cut COBRA’s price tag, reducing its cost by 65 percent for workers laid off as far back as Sept. 1.

      The bill gives eligible workers 60 days to apply. Then they get the reduced-cost premium for nine months.

      But it’s not going to happen right away.

      Employers are waiting for instructions from the Labor Department and the Internal Revenue Service on how to put the program into place. Both agencies posted some information online Thursday.

      Until employers get the guidance they need and notify potentially eligible ex-employees, most workers will not apply for the new benefit. Many probably will not know it exists.

    15. ANewGirl on March 1st, 2009 11:15 am

      Below is something basic that I believe too many Americans keep forgetting. As was obvious in the Nation’s choice to elect Obama in November, many millions of fed-up Americans fell in to the pitfall of being influenced by the fear THE CHOSEN ONE continually spins & generates.

      So, this is it…and it’s not exactly Rocket Science! Bigger government doesn’t work to secure independence for people, it secures power for bureaucrats. This is why the Constitution was carefully drafted and heavily debated. It was created to control government so government could not grow so tyrannical it controlled the people. In our hearts, as much as we may want to believe government can fix things we know the fixes coming from government come also with dependency and chains.


    16. Susan on March 1st, 2009 12:06 pm

      I’m waiting for those who supported the Osama Bin Laden Barack Saddam Hussien Obama/Joe “brainless” Biden ticket to start crying and whining about the many difficult issues our country is/will be facing under the current administration…

      Granted, we are already feeling the impact, but it will only get worse :-(


    17. Michelle Smith on March 1st, 2009 12:31 pm

      Has anyone tracked down the lady that was on television crying about how happy she was that Obama was President because her mortgage was going to be paid for and she would not have to buy gas? I want to know what she is thinking now. Does she still believe in her boy Obama? The majority of the people that voted for Obama are clueless. They have no idea what they have done. It is going to be a long 4 years.

      Stupid people will still be trying to blame Bush. It’s all on Obama now folks.

    18. Sasha on March 1st, 2009 1:07 pm

      Oh, that lady with no more mortgage and free gas is still happy that Obama is the president. Because the rest of us are gonna be paying for her welfare…And she is probably gonna have more kids. More kids, more welfare money…Why the hell not? The “wealthy” pays for it all. Makes me sick…SICK

    19. Michelle Smith on March 1st, 2009 6:19 pm

      #18 It all makes me sick too.

    20. super dave on March 2nd, 2009 8:34 am

      and seneca falls, i do know the definition of socialism and communism. it’s barack obama.

    21. Dolf on March 3rd, 2009 6:54 am

      time to go back to school Super Dave

      socialist and communist are not the same.

    22. scott on March 3rd, 2009 1:13 pm

      #21…pretty much the same… communism is one or two bumps up from socialism…only a few slight differences.

    23. scott on March 3rd, 2009 1:14 pm

      OBAMA wants the stock market to crash. This has been his plan all along. This will make it easy for his continued spread of socialistic ideas in America.

      Anybody that does not think this country is on a socialism train needs to take their heads out of their own rears!

    24. Dolf on March 4th, 2009 7:24 am



      scott, don’t try to sound like a fool, even you knows better then that.

    25. What the? on April 15th, 2009 7:12 pm

      Well, I’m glad I didnt vote for him. I never heard of B.Obama, his wife is a racist big mouthed hater of America. I cannot stand the fact she’s sitting in that Whitehouse after the bashing of this country. This country really needs to wake the hell up…

    26. What the? on April 15th, 2009 7:14 pm

      Not only that. What dues have they paid? Absolutely nothing! Where had Michelle O worked before her husband ran for office, does anyone know? Same with her husband? I know law school but did they actually work for a living?

    27. solar nails on December 1st, 2010 9:01 pm

      I too have a blog on the BlogEngine platform and I am having some problems setting it up. Sorry for being a bit off-topic, I have a couple of quick questions for you: Is the website style you are using the default theme or are there other styles available online somewhere for free? Thanks and I like reading your blog.

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