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Wet Dreams Of The Great Communist Revolution, Part 2

Posted By Liz Blaine On March 22, 2010 @ 6:00 am In NewsReal Blog | No Comments

 

Part 1: Wet Dreams Of The Great Communist Revolution

Part 1 of this series introduced the Left’s wet dream of the Great Communist Revolution, the transformation of America from free market capitalism to government control of all economic sectors; whereby the American people are dependent upon the government for all products, resources, and services, how they will be produced, and who is to produce them. This is the Left’s  bloodless coup d’etat in America.

Sunday night the House of Representatives voted for the passage of nationalized healthcare and the Obama administration now controls another 18% of the American economy, individuals are mandated to purchase a service under penalty of fine and/or imprisonment, and the IRS is set to enforce the law once signed by President Obama. Part 2 focuses on the remaining sectors under attack and how the Left may succeed in bringing their wet dream of the Great Communist Revolution to fruition.

From the outset the Obama administration implemented the Cloward-Piven strategy to overwhelm the American economic and financial systems in order to successfully seize control and implement their radical agenda. Using the deception of Cap-and-Trade they aim to takeover an additional 8% of the American economy.

The energy sector will fall under the control of the federal government through a convoluted attempt at economic central planning, increasing regulation and taxation of the American people to unprecedented levels. A Heritage Foundation study of the House Waxman-Markey legislation finds that the law “would make the United States about $9.4 trillion poorer mostly from reduced economic productivity and job loss.”

The bill raises the cost of energy high enough that individuals and businesses will be forced to use less of it, thereby centralizing control of the industry in the hands of the federal government. Furthermore, this bill contains a “placeholder“ for legislation to be inserted AFTER enactment, and an “emergency provision” that gives the President “almost limitless power over private economic activity and individual liberty.”

If the aforementioned economic seizures don’t ensure the downfall of capitalism and the American republic, the Obama administration is hedging their bets by debauching the U.S currency and bankrupting the country. The administration’s perpetual massive spending has reached epic proportions and is unsustainable. Despite a $2.2 trillion budget for 2010, massive government spending prompted Congress recently to raise the debt ceiling an additional $1.9 trillion, or just over $6,500 per person, making it the largest debt limit increase in U.S. history. The President’s 2011 budget is an estimated $3.8 trillion.

Increased spending, and its accompanying debt, will increase taxation to levels high enough to create disincentives to undertake private enterprise. Once this level is achieved, it remains for the government to fill in the resulting gap with public spending, such that private enterprise will be under the control of the federal government or will be producing products and services at the behest of the federal government.

The US debt to Gross Domestic Product (GDP) ratio is estimated to climb to 97.5% this year, an increase from 87.4%. And worse, the debt-to-GDP ratio does not include unfunded liabilities for Social Security, Medicare, or the $5 Trillion in Fannie Mae or Freddie Mac mortgage-backed debt.

Moody’s Investors Service has warned the US is close to losing its triple-A credit status if the country doesn’t get a grip on its deficit spending, if interest costs rise, if growth further weakens, or if the US government fails to successfully unwind its bank bailout plans.

President Obama has turned what began as a financial crisis into a recession. If not halted, his continued radical policies will initiate a steep depression throughout the country. Once the administration’s takeover of the U.S. economic sectors is complete, they will successful govern every aspect of American life. Those areas they fail to overtake initially will be implemented through seemingly benign legislation and progressively moved forward to achieve their end result.

State-led economies using Keynesian economics fail as the cost of the welfare state spins out of control. Individuals and special interest groups learn how to “game” the system and are no longer productive members of society. It is an experiment that is certain to fail. The Obama administration is focused on the power and control Keynesian economics provides them and their associates; the plausible justification conferred for their control of all U.S. economic sectors.

The radical Left’s transformation of America’s guiding economic principles from free market capitalism to absolute control by the federal government is nearing achievement. President Obama has succeeded in conquering a large portion of the U.S. economic sectors and is “fundamentally transforming the United States of America” as the radical Left’s wet dream of the Great Communist Revolution nears climax. If healthcare reform and cap-and-trade are signed into law the federal government will control 56% of the U.S. economy. In the name of economic development and national security, what shall they next declare their need to control?

“Freedom is a fragile thing and is never more than one generation away from extinction. It is not ours by inheritance; it must be fought for and defended constantly by each generation, for it comes only once to a people. Those who have known freedom and then lost it have never known it again.” – Ronald Reagan


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