How’s Obama’s ‘redistribution’ working for you?

Does trying to redistribute wealth in the name of fairness make us better off or worse off? President Obama said a few years ago that, in his view, “the trick” to creating a more prosperous nation is to “structure government systems that pool resources and hence facilitate some redistribution – because I actually believe in redistribution, at least at a certain level to make sure that everybody’s got a shot.”

We’ve seen him try and do that the last four years. He’s transferred money from the coal industry — which he has promised to bankrupt — to failed companies like Solyndra. He’s transferred money from our children in the form of $5 trillion of new debt into huge spending programs like the stimulus. And he’s redistributed $700 billion from Medicare into Obamacare.

No wonder unemployment has been over 8 percent for 43 straight months.

Author: Staff Reporter

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  • James

    Like it or not, with the Fed pumping counterfeit currency into every hole it can find, redistribution is as much a law of physics as it is any political policy. In lay terms; they ain’t printin’ the stuff to stare at. Likewise, if they don’t tax the HE double hockey-sticks out of us to “sop-up” the excess liquidity then it’s Weimar Republic all over again. In short, the Fed determines monetary policy, the pres just has to sell it.