The Demise of a Nation (part 4), by Murray Regan

The expenditure of our treasury by Mr. Obama, in the name of "stimulus, bailout, et al" was a convenient scapegoat (excuse) for expanding the already bankrupt social programs that continue to exert a crushing burden on our country. The only way to pay for these unfunded "entitlements," created by an out of control government, is through crushing taxation, which, if nothing is done to stop it, will be a reality in a few short years. Thanks for the $400 tax break, Mr. President. When are the politicians going to realize that eventually you have to pay for your folly; and when are the American taxpayers going to wake up to the fact that they are the one's that will have to bear the cost of this folly in the end and the end is nearer than you think, especially when you consider that only 50% of the population will actually be paying any tax at all.

The disingenuousness with which this administration purports to be "responsible" and "transparent" is laughable, if it weren't so tragic. If it were as responsible as it claims to be, it would "live within its means" as most ordinary Americans do when times get tough. If it were as transparent as it claims to be, Mr. Obama would have stood up on the campaign trail and professed to the American people that he believes in and embraces the radical expansion of government and its power over the people, which he is in the process of accomplishing; superseding the rule of law when it suites him; wealth redistribution; racial quotas; socialism; legislating social change from the bench rather than interpretation and adjudication of existing law, etc. I dare say most Americans have been hood-winked into thinking that what is happening is good for the country, when the exact opposite is true. This fraud was also aided and abetted by the so-called mainstream media who took it upon itself to perpetrate this deceit in concert with the Obama camp. When Mr. Obama professes to be laying a foundation for a sustainable economy for the 21^st century and beyond, what he is really saying is he wants to take your money and give it to someone else who doesn't deserve it. In addition, he is now trying (and succeeding to some degree) to manipulate what cars we will drive regardless of cost, what executive compensation will be, what sources of energy to pursue regardless of cost, when we should be taking advantage of all available sources within our reach, including nuclear, gas, oil, coal, etc. The environmentalists in this country are essentially forcing us to go abroad for our resources, rather than exploit our own. This, in turn, has created a scenario whereby we are funding, in part, the jihad against our own people.

Obama, who professed that he does not want to be running the auto industry, is doing just that. He has given portions of two private automotive manufacturers to the UAW and dismissed, out of hand, the creditors and investors who either invested in or lent billions to these companies. In the case of Chrysler, the creditors were threatened by the administration if they didn't comply with its wishes to give up claims to their legal rights under contracts they entered into in good faith. Ask yourselves; what does this interference by government say to the capital markets, without which there is no investment in American businesses and, ipso facto, in the economy itself? An atmosphere in which contracts are broken at the whim of government officials is far too risky and breeds mistrust of those who seek to do so. This attitude by government will result in much higher interest rates demanded by the capital markets to fund investment in American enterprise because of the fear that the legal contracts (i.e. – bonds, etc.) entered into may be unjustly set aside by executive decree for any number of reasons. What the government should have done was to mind its own business and let the companies fail on their own without any bailout. As usual, politicians who think they know best are far too cavalier with our resources. As a result, their irresponsibility has served only to delay the inevitable and, as such, has cost the American taxpayers billions, which we will never see again and anyone who thinks the opposite is either a liar or naively ignorant.