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Obama Promises 'Shared Prosperity' But Delivers Shared Misery
Investor's Business Daily ^ | 08/14/2012 | IBD Staff

Posted on 08/15/2012 5:19:23 AM PDT by IBD editorial writer

Economy: Obama is touting "a new vision of an America in which prosperity is shared." But Obama's been promising to deliver on this "new vision" for years, while his policies have produced the opposite.

After securing the Democrats' nomination in June 2008, for example, Obama said he'd bring "fiscal responsibility and shared prosperity."

In 2009, he said his just-enacted economic strategy "is about far more than just recovery — it's about sustained growth and widely shared prosperity." And in 2011, he was touting a "framework for shared prosperity."

So what has Obama actually delivered? Precious little prosperity and it sure isn't being shared.

(Excerpt) Read more at ...

TOPICS: Editorial; Front Page News; Government; News/Current Events; Politics/Elections
KEYWORDS: 2012; bhofascism; democrats; economy; income; marxistpos; obama; socialistdemocrats; unemployment

1 posted on 08/15/2012 5:19:35 AM PDT by IBD editorial writer
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To: IBD editorial writer

“shared prosperity”

To ‘share’ prosperity, one had to take from the prosperous and give to the non-prosperous.

Yet, they are trying to paint R&R as the Robin Hoods.

It isn’t rocket science. ‘Prosperity’ is just another euphemism for ‘rich’ or ‘wealthy’.

2 posted on 08/15/2012 5:32:10 AM PDT by TomGuy
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To: IBD editorial writer
‘Shared Prosperity’ But Delivers Shared Misery’

Well... isn't that the functioning definition of Socialism?

3 posted on 08/15/2012 5:33:30 AM PDT by SMARTY ("The man who has no inner-life is a slave to his surroundings. "Henri Frederic Amiel)
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To: TomGuy; IBD editorial writer

First and foremost, for prosperity to be shared or involuntarily redistributed there must be prosperity.

The redistribution to date is out and out theft from those who have to a class of political elites who do the thieving. The trickle down economy of the liberals is feed the elite first and allow them to dribble crumbs to the ignorati that clamor for free stuff.

General Motors must die and all those who work there must be cast out into the streets. If they starve, tough

4 posted on 08/15/2012 5:40:33 AM PDT by bert ((K.E. N.P. N.C. +12 ..... Present failure and impending death yield irrational action))
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To: IBD editorial writer

Rush Limbaugh once said that a demand for equality of outcome results in an equality of misery. And we’ve seen that with Stalin in the former Soviet Union and Mao in China....

5 posted on 08/15/2012 5:52:34 AM PDT by RayChuang88 (FairTax: America's economic cure)
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To: IBD editorial writer
Using a commonly friendly word like "shared" to describe a government policy of force and coercion is despicable on its face. Then, again, isn't that descriptive of how all totalitarian regimes initially present themselves in order to gain power?

In the course of his research for "Solzhenitsyn: A Soul in Exile" (Harper Collins), Joseph Pearch traveled to Moscow to interview the writer. The excerpt below is from that interview:

Solzhenitsyn: "In different places over the years I have had to prove that socialism, which to many western thinkers is a sort of kingdom of justice, was in fact full of coercion, of bureaucratic greed and corruption and avarice, and consistent within itself that socialism cannot be implemented without the aid of coercion. Communist propaganda would sometimes include statements such as "we include almost all the commandments of the Gospel in our ideology". The difference is that the Gospel asks all this to be achieved through love, through self-limitation, but socialism only uses coercion." Solzhenitsyn

Even the current President, at the National Prayer Breakfast this year, attempted to tie his policy of forced "sharing" to Jesus's appeal for voluntary charity.

Coercive "taking" power, when wielded against the citizenry by either the government alone (taxing), or in combination with another power (unions), is destructive of freedom and prosperity.

The following statement by Sir Winston Churchill, upon leaving office as Prime Minister in 1945, was prophetic for Great Britain, and as it turns out, the United States and the world:

"I do not believe in the power of the State to plan and enforce. No matter how numerous are the committees they set up or the ever-growing hordes of officials they employ or the severity of the punishments they inflict or threaten, they can't approach the high level of internal economic production achieved under free enterprise. Personal initiative, competitive selection, and profit motive corrected by failure and the infinite processes of good housekeeping and personal ingenuity, these constitute the life of a free society. It is this vital creative impulse that I deeply fear the doctrines and policies of the socialist government has destroyed. Nothing that they can plan and order and rush around enforcing will take its place. They have broken the main spring and until we get a new one, the watch wil not go. Set the people free. Get out of the way and let them make the best of themselves. I am sure that this policy of equalizing misery and organizing society--instead of allowing diligence, self-interest and ingenuity to produce abundance--has only to be prolonged to kill this British Island stone dead."

In the early days of America's experiment in liberty, its Founders warned of oppressive taxation by those elected to represent the people. Under their "People's" Constitution, the people were left free, and the government was limited.

While Europe struggled with oppressive government intervention, the genius Founders of America recognized enduring truths about human nature, the human tendency to abuse power, and the possibilities of liberty for individuals. Richard Frothingham's 1872 "History of the Rise of the Republic of the United States," Page 14, contained the following footnote item on the condition of citizens of France:

"Footnote 1. M. de Champagny (Dublin Review, April, 1868) says of France, 'We were and are unable to go from Paris to Neuilly; or dine more than twenty together; or have in our portmanteau three copies of the same tract; or lend a book to a friend: or put a patch of mortar on our own house, if it stands in the street; or kill a partridge; or plant a tree near the road-side; or take coal out of our own land: or teach three or four children to read, . .. without permission from the civil government.'"

Clearly the government of France at that 1868 date laid an oppressive regulatory and tax burden on citizens, robbing them of their Creator-endowed liberty and enjoyment thereof. Frothingham observed that such coercive power constituted "a noble form robbed of its lifegiving spirit."

Thomas Jefferson warned Americans:

"To preserve [the] independence [of the people,] we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude. If we run into such debts as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in our labors and our amusements, for our callings and our creeds, as the people of England are, our people, like them, must come to labor sixteen hours in the twenty-four, give the earnings of fifteen of these to the government for their debts and daily expenses, and the sixteenth being insufficient to afford us bread, we must live, as they now do, on oatmeal and potatoes, have no time to think, no means of calling the mismanagers to account, but be glad to obtain subsistence by hiring ourselves to rivet their chains on the necks of our fellow-sufferers." --Thomas Jefferson to Samuel Kercheval, 1816. ME 15:39

Note Jefferson's very last thought here. He declares that when government taxing and debt have reached certain levels, in order for individuals to survive, then their chosen "employment" becomes "hiring ourselves to rivet their (the government's) chains on the necks of our fellow-sufferers." Might that account for why it is government employment levels which have risen at such great rates in the past 2 years?

Inasmuch as government creates no wealth and has no money, the pay for every job in government must first come out of the pockets of hardworking citizens in the private sector or be borrowed (to be paid back eventually from the pockets of future generations).

Ahhh, guess that's what you call "redistributing" wealth! In Jefferson's words, it's called "rivet(ing) chains on the necks of our fellow-sufferers."

6 posted on 08/15/2012 9:40:56 AM PDT by loveliberty2
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To: IBD editorial writer
"The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries."
    -- Winston Churchill

Says it all, more succinctly. No wonder the 'smartest guy in America' sent the bust back - even it was more intelligent!

7 posted on 08/15/2012 9:54:49 AM PDT by brityank (The more I learn about the Constitution, the more I realise this Government is UNconstitutional !!)
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To: brityank; All
Thanks!!! See my Post #6.

Churchill deserves billboards across America for such a pertinent reply to the current President's proposal to "fundamentally transform America" from its foundations in liberty back to the Old World ideas which prompted the breathtaking assertions of our Declaration of Independence.

8 posted on 08/15/2012 10:03:41 AM PDT by loveliberty2
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To: brityank

9 posted on 08/15/2012 10:54:52 AM PDT by FiddlePig
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To: IBD editorial writer


10 posted on 08/15/2012 7:19:03 PM PDT by timestax (Why not drug tests for the President AND all White Hut staff ? ? ?)
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To: timestax

11 posted on 08/15/2012 7:19:45 PM PDT by timestax (Why not drug tests for the President AND all White Hut staff ? ? ?)
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To: timestax


12 posted on 08/18/2012 4:33:03 PM PDT by timestax (Why not drug tests for the President AND all White Hut staff ? ? ?)
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To: timestax
JOBS ? You don't need no stinking job !

13 posted on 08/18/2012 9:36:44 PM PDT by timestax (Why not drug tests for the President AND all White Hut staff ? ? ?)
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