From the beginning, given his lifelong associations with the likes of Frank Marshall Davis and Bill Ayers and his coercion-based, redistributive politics, it has been difficult for his supporters to deny that Obama is essentially a communist. His speech Wednesday denouncing America for “income inequality” makes it practically impossible.
Yet even now Obama attempts to paper over his Marxist leanings with references to proponents of economic freedom. Incredibly, he cited Adam Smith to justify still more ham-fisted intrusion into the economy for the sake of equalizing wealth:
“[Raising the minimum wage] shouldn’t be an ideological question. You know, it was Adam Smith, the father of free-market economics, who once said, ‘they who feed, clothe and lodge the whole body of the people should have such a share of the produce of their own labor as to be themselves, to be well-fed, clothed and lodged,’” he continued. “For those of you who don’t speak old English, let me translate: It means if you work hard, you should make a decent living.”
Actually no advocate of economic liberty believes that you deserve a decent living for working hard. You can work until your back breaks digging holes in your backyard and filling them up again; society owes you nothing. You deserve a decent living when your labor is of value to others. This value is not determined by coercive bureaucrats, but by the amount of money your labor commands on the free market.
Despite plunging in the polls, Obama is doubling down on his socialist agenda, which prominently features massive government spending as an end in itself, with nonsensical rhetoric like this:
“A relentlessly growing deficit of opportunity is a bigger threat to our future than our rapidly shrinking fiscal deficit.”
The fiscal deficit is exploding, not shrinking. The economy is racing toward the edge of a cliff. Obama once again made it clear he will keep the accelerator pressed to the floor until we get him out from behind the wheel.
But at least we are lifting the poor out of poverty with the trillions upon trillions of other people’s dollars he has been flinging to the four winds. Or maybe not. According to US Census Bureau data, the percentage of Americans living in poverty has increased from 13.2 percent to 15 percent since Obama took office.
Characteristically, Obama compared America unfavorably to countries that historically have had less economic freedom:
“Statistics show not only that our levels of income inequality rank near countries like Jamaica and Argentina, but that it is harder today for a child born here in America to improve her station in life than it is for children in most of our wealthy allies, countries like Canada or Germany or France,” the president continued. “They have greater mobility than we do, not less.”
Mobility in the USA is limited by one thing: Big Government. For example, the first rung on the economic ladder is an entry level job of the type that pays minimum wage. Raising the minimum wage, by the simple law of supply and demand, reduces the number of entry level jobs, thereby reducing mobility.
The very concept of denouncing America because of “income inequality” reveals Obama’s profoundly anti-American ideology. Would you rather live in a country where you make $50,000 per year while Jacoby Ellsbury makes almost $22 million, or would you prefer to have it so that no one (except the rulers) is allowed to make more or less than $10,000?
If you want income equality, move to North Korea. If you don’t, then do everything in your power to prevent demagogues like Obama from exploiting envy to “fundamentally transform” America into North Korea.