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Prescription Obama: Socialism for all

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"The American people will never knowingly adopt socialism, but under the name of liberalism, they will adopt every fragment of the socialist program until one day, America will be a socialist nation without ever knowing how it happened."

This was premier American socialist leader and thinker Norman Thomas’ prediction.

Those words have proven very prescient.

They didn’t resonate in the 1940s when Franklin Roosevelt exceeded all Constitutional authority in the name of ending the Depression and instituted numerous federal assistance programs.

Nor did they in the 1960s when Lyndon Johnson dramatically expanded the welfare state in his so-called War on Poverty.

When Ronald Reagan was elected in 1980 it surely seemed the 40-year trend had finally been reversed.

Tragically, such was not the case.

Much of the agenda revealed by the Obama campaign centers on its desire to install America as a socialist nation.

Oh, they don’t come right out and say it, however, a close look at the candidate’s positions on major issues reveals the underlying reality.

Take for example his call for nationalizing health care – a power grab by the federal government to seize full control of one-seventh of the U.S. economy.

Should that occur, it would be the most dramatic and irreversible step toward U.S. socialism in the nation’s history.

The centralized command and control nature of the new system being devised is being hidden from the public.

They are not asked by a now-disgraced and defunct press for the architects of this scheme to show the American people even one successful program the government has ever run.

Chaotic conditions in nations with centralized health care systems are not adequately and truthfully presented with their lack of care, long waiting lines and shortages of even the most basic care.

Yet, the American people seem ready and willing to put their lives and the lives of their children and grandchildren in the hands of faceless and unelected Washington bureaucrats.

Behind the shimmering words of hope delivered by orator Barack Obama there lurks an economic plan that could wreak havoc on the U.S. economy as it returns to the failed policies of high taxation coupled with an expansion of government spending.

At least when Bill Clinton entered the White House, he had a long record as a fiscal moderate in Arkansas and strong ties to the Democratic Leadership Council, the group of party moderates that meets each year for New Year’s.

Obama can make no such claim.

Lacking a long record relative to economic matters, Obama’s views and attitudes assume much more significance.

His words should not be seen as merely rhetorical window-dressing his advisors have thrust forward during a campaign to placate American voters.

There are troubling red flags raised with just a cursory review of his economic plans.

First, Obama wants to raise the minimum wage to $9.50 an hour from its current $6.55.

This proposal, while seemingly innocuous, has a tremendous impact on the retail and small business sectors because it not only cuts profits for mom-and-pop businesses, it leads others to the edge leading to more illegal hiring, as well as being a sure-fire way to increase youth joblessness.

Next, he has stated he intends to raise the capital gains tax. In a debate with Hillary Clinton, when asked by Charlie Gibson about raising the capital gains tax in spite of the fact "100 million people in this country own stock and would be affected," he answered it was a matter of "fairness."

"Fairness," of course is code for redistribution. In spite of what Obama says, this country is full of middle-class people who realize investment gains not only from stocks but also the sale of other assets such as homes.

According to the IRS, in 2005 47 percent of all tax returns reporting capital gains were from households earning below $50,000 and 79 percent came from households with incomes below $100,000.

Under Obama’s economic plan, the United States would be at the very top of the list of nations with the highest taxes at a time when other nations are cutting their tax rates. More than 20 countries, ranging from Russia to the Czech Republic, have actually adopted a flat tax.

According to the Heritage Foundation, under Obama’s economic plan, which would see the Bush tax cuts expire, American’s personal income would automatically drop by $113 billion in 2011 and by another $133 billion in 2012.

That would be one of the largest tax hikes in history without Obama even getting his own tax proposals through a Democrat-controlled Congress.

Obama’s tactics, in other words, are the old liberal populist ploys: bash Wall Street, restrain business, and class warfare.

His economic program is presented as a part of the "politics of hope," but in reality is merely a ploy for liberal policy orthodoxy – raise taxes, "invest" more in dubious social program spending, and pick winners and losers in the economy.

And so, Americans are facing the socialism that is coming to their country under the guise of liberalism – just the way Norman Thomas predicted it would.

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