The Obama Administration is living in, and selling, a fiction

And the best part is, this essay is from a Left-Wing hipster blog.

You can’t solve America’s fiscal crisis by increasing taxes on the rich. That Obama continues to insist on this course reveals his true intent: a permanently larger government controlling the economy, and a diminished private sector. Kind of like Europe.

In Obama’s world, government is the source of jobs and economic growth. Government is a capital provider—preferably, the main one, with private banks operating under strict government supervision as regulated utilities (by the way, the government’s plan for the eight largest banks, released quietly last week, actually uses the words “regulated utility model” to describe the intended regulatory framework).

Government tells people what to do, and what not to do. Government is the great leveler. All will be equal in their access to goods and services in the Obama utopian government-run world.

Just like France.

Obama can’t explain how it’s paid for, though. He probably doesn’t understand that anyway. All he knows is that after the banquet he is throwing, “the rich” will be presented with the bill. They’ll be “asked” to pay it, but they won’t really have any choice. They won’t have enough money, either, because the bill is larger than their annual income, by a considerable amount.

Goodbye America. Hello USSR.

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