Use access key #2 to skip to page content.

Peter Schiff - Obama Gets Real



December 12, 2011 – Comments (3)

For most of his time as a national political figure, Barack Obama has been careful to cloak his core socialist leanings behind a veil of pro-capitalist rhetoric. This makes strategic sense, as Americans still largely identify as pro-capitalist. However, based on his recent speech in Osawatomie, Kansas, the President appears to have reassessed the political landscape in advance of the 2012 elections. Based on the growth of the Occupy Wall Street movement, and the recent defeat of Republicans in special elections, he has perhaps sensed a surge of left-leaning sentiment; and, as a result, he finally dropped the pretense.

According to our President's new view of history, capitalism is a theory that has "never worked." He argues that its appeal can't be justified by results, but its popularity is based on Americans' preference for an economic ideology that "fits well on a bumper sticker." He feels that capitalism speaks to the flaws in the American DNA, those deeply rooted creation myths that elevate the achievements of individuals and cast unwarranted skepticism on the benefits of government. He argues that this pre-disposition has been exploited by the rich to popularize policies that benefit themselves at the expense of the poor and middle class.

But Obama's knowledge of history is limited to what is written on his teleprompter. And his selection of the same location that Teddy Roosevelt used to chart an abrupt departure into populist politics is deeply symbolic in the opposite way to that which he intended. It is not by some genetic fluke that Americans distrust government. It is an integral and essential part of our heritage. The United States was founded by people who distrusted government intensely and was subsequently settled, over successive generations, by people fleeing the ravages of government oppression. These Americans relied on capitalism to quickly build the greatest economic power the world had ever seen - from nothing.

Full article

Also, a video:

Government Intervention MAY Have Adverse Effects

3 Comments – Post Your Own

#1) On December 12, 2011 at 12:20 PM, buffalonate (48.15) wrote:

I wonder if he took those quotes out of context?  Typical hyperpartisan.  Look up the definition of socialism and you will realize that Obama is far from a socialist.  Many have a hard time even calling him liberal.  Obama is one of the few moderate politicians in Washington.

Report this comment
#2) On December 12, 2011 at 1:21 PM, whereaminow (< 20) wrote:

Lol, "everyone's hyper partisan except me!"

Yeah he's a moderate alright. A nice moderate mix of interventionism, fascism and market socialism, just like his predecessor. 


Report this comment
#3) On December 12, 2011 at 5:44 PM, selfdestruct2 (27.15) wrote:

I think it's all about control...and that huge chip on Moabama's shoulder.

Report this comment

Featured Broker Partners