Friday, March 26, 2010
The Obama Regime Wants ‘The American Street’ To Be PoorSocialism strives to make everybody equally impoverished rather than pulling the poor out of poverty.
ObamaCare is going to seriously undermine our economy - raising taxes, crippling businesses and driving more jobs out of the country.
Economic and social slugs are being rewarded for being “slugs” with handouts and welfare.
Productive working people are being penalized and forced to subsidize the “slugs”.
ObamaCare is going to dramatically raise prices on most everything while basically destroying medical care in the US.
Private Health Care insurance companies are anticipating they will be out of business in 2 to 3 years because of the mandates of ObamaCare. Hundreds of thousands of people will lose their jobs further reducing the Federal tax base.
States are being forced into raising taxes or going bankrupt to satisfy the ObamaCare mandates. As the taxes increase the local economies will slowly crumble just as the Obama Regime wants to happen.
Since there is no money available to fund the Nanny State and Welfare State the scam will slowly self-destruct.
We already have around 21.5%(1) average unemployment with many pockets at double that rate. Those people feed on the system they do not pay much into the system.
Real inflation is at about 10%(2) despite guvernment claims - seriously crimping the economy.
Be prepared to be poor and destitute thanks to the Obama Regime.
Malcolm T. Hedges
Resources:
1) http://www.shadowstats.com/alternate_data/unemployment-charts
2) http://www.shadowstats.com/alternate_data/inflation-charts
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