Obama's plan - distribution or destruction of wealth?

OneNewsNow ^ | March 10, 2009 | Jim Brown

[Jim Robinson]

A Christian financial expert says the "socialist" economic policies of President Obama may bring temporary relief but they will also lead to long-term destruction of wealth.

Bloomberg reports that the Dow Jones Industrial Average has fallen 20 percent since Inauguration Day, the fastest drop under a newly elected president in at least 90 years. When asked last week about stock market swoon, the president replied: "What I'm looking for is not the day-to-day gyrations of the stock market, but the long-term ability for the United States and the entire world economy to regain its footing."

Chuck Bentley is CEO of Crown Financial Ministries and host of the radio program "MoneyLife." He says professional investors are "voting no" on President Obama's economic plan by taking their money out of the markets, because they know that wealth is not created through borrowing and spending.

[icwhatudo]

The Obama economy will be like the movie Watchmen. Lots of hype, a dedicated fan base defending it to the end, some temporary good things at the start, then when people see what its all about, they will realize how bad it sucks.

[liberalism is suicide]

distribution of wealth=destruction of wealth

[MrB]

exactly - distribution IS destruction.

The people that it is taken from would have used it to create MORE wealth,

while the people it is “distributed” to use it on “consumables” - destroying wealth.

[SloopJohnB]

You must be talking about Robbing Hood:

Takes from the rich to give to the pork.

[GeronL]

O doesn’t care which one

[Beagle8U]

Since there is no way to make the poor rich, the only thing Hussein can do is destroy wealth to equal things out.

Once everyone is poor the liberals have met their goal.

Liberals are like a bucket of crabs, the only way to keep their bucket of voters full is to pull down any that try to escape.

[Ghost of Philip Marlowe]

We need to avoid the term “wealth.”

That is a leftist propaganda term that is irrelevant to what is happening.

The correct term to use is “earnings.”

They want to take “earnings” from those the free market deems the most valuable, down to very valuable, to fairly valuable (down to $75 per year, according to the latest numbers-crunching to pay for the new spending) to those the free market deems the least valuable.

All of this is accomplished, of course, by the legal thief who makes an “obscene profit” serving as middleman (extortioner) but better known as The State.

[GOP Poet]

Yes. Well written. Such a perfect analogy.

[Ghost of Philip Marlowe]

to = “to give to”

[Zevonismymuse]

I've been waiting for this day my entire life. I'm old enough to remember Khrushchev banging his shoe...Obama is the Manchurian Candidate sent by our enemies to destroy our country in a movement to create a Totalitarian One World Government.

I know most folks think I'm crazy but I am an unapologetic bearer of this bad news. President Obama needs to be exposed before it is too late. Thank God for this site and Rush Limbaugh and all the good people who refuse to accept the lies.

[GOP Poet]

"What I'm looking for is not the day-to-day gyrations of the stock market, but the long-term ability for the United States and the entire world economy to regain its footing be securely set up economically as either communist or socialist and to put and end to capitalism and any remaining capitalist tendencies that may interfere with my dramatic remaking of America's economic system."

[DTogo]

c. both

[OB1kNOb]

WEALTH IS NOT DISTRIBUTED. WEALTH IS EARNED.

[stockpirate]

The plan is to redistribute ‘earnings’ as well as destroy wealth.

“Socialism always rides in the Trojan horse of emergency” Herbert Hoover

[RipSawyer]

“I know most folks think I’m crazy but I am an unapologetic bearer of this bad news.”
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I ain’t most folks, I am as crazy as you are.