SocialismDoesntWork.com» obama – SocialismDoesntWork.com

The Deep-Water Oil Drilling Moratorium Is Another Example of the Politically Self Interested Nature of Government

Capitalist in Chief — Sat, 19 Jun 2010 19:52:04 +0000

Following the oil spill in the Gulf last month, President Obama proclaimed a six-month moratorium on all deep-water drilling, undoubtedly in the name of safety and for the public good. However, it appears that the moratorium is nothing more but a tactic to make Obama look good as a tough action taker, and that it would not increase safety and further the economic damage following the spill.

The Obama Administration represented the moratorium as a safety recommendation suggested in a report drafted by Interior Secretary Ken Salazar and peer reviewed by experts associated with the National Academy of Engineering. However, those same experts are saying that they have been misrepresented, and that the moratorium was added to the report after they had signed off on it. They noted that they agreed to a moratorium on drilling of new wells, but not on shutting down existing operations.

A June, 17th Wall Street Journal op ed piece chronicles this and explains why the drilling moratorium is actually detrimental to safety:

A big reason why those experts would have balked is because they recognize that the moratorium is indeed a threat to safety. Mr. Arnold offers at least four reasons why.

The ban requires oil companies to abandon uncompleted wells. The process of discontinuing a well, and then later re-entering it, introduces unnecessary risk. He notes BP was in the process of abandoning its well when the blowout happened.

The ban is going to push drilling rigs to take jobs in other countries. “The ones that go first will be the newest, biggest, safest rigs, because they are most in demand. The ones that go last and come back first are the ones that aren’t as modern,” says Mr. Arnold.

The indeterminate nature of this ban will encourage experienced crew members to seek other lines of work—perhaps permanently. Restarting after a ban will bring with it a “greater mix of new people who will need to be trained.” The BP event is already pointing, in part, to human error, and the risk of that will increase with a less experienced crew base. Finally, a ban will result in more oil being imported on tankers, which are “more likely” to spill oil than local production.

This is a prime example of how those who control government operate to perpetuate their own self interests rather than act for the “good of the people.”

Obmama: Capital Gains Tax Should Be Raised for Fairness

Capitalist in Chief — Fri, 09 Apr 2010 15:30:49 +0000

The video on this page shows Barack Obama explicitly acknowledging that he is in favor of raising capital gains taxes for the purposes of “fairness” even though it is known that doing so reduces tax revenues. To Obama (and many other socialist I would imgine) it is more important to beat everyone into the same level than have overall prosperity. It’s a classic example of how society shoots itself in the foot with socialist policies of income redistribution.

Obama’s 17 Minute Answer to Why He’s Raising Taxes During a Bad Economy

Capitalist in Chief — Tue, 06 Apr 2010 17:40:17 +0000

Last Friday in a town hall meeting, Obama was asked a question by a woman who basically wanted to know why Obama is raising taxes with the health care bill during tough economic times. Not wanting to give an honest answer, Obama twisted, turned and tiptoed around the issue while speaking for 17 minutes. My one sentence truthful version of the answer is that (to Obama) implementing socialist policies is more important than reviving the economy.

Here’s a Fox News segment chronicling the event, with Charles Krauthammer’s version of the answer:

Thomas Sowell on the Great Depression and Obama’s Economic Policies

Capitalist in Chief — Fri, 26 Mar 2010 00:24:43 +0000

In this video, renowned economist Thomas Sowell discusses how government intervention by the Hoover and FDR administrations prolonged the Great Depression and draws parallels to current economic problems under Obama:

The Hidden Agenda: How the Socialists Are Planning to Overtake the Private Sector

Capitalist in Chief — Tue, 23 Mar 2010 15:12:11 +0000

Despite their formal law lecture style, these videos hold a very interesting account of how liberal policies pushed onto us in the name of fairness, justice and environmentalism are actually socialist tools designed to damage the private sector and replace it with government. It’s a must watch if you want to better understand how Obama is planning to use liberalism to realize his vision of a socialist United States.

- Part 1 -

- Part 2 -

It’s Foolish to Give the Government Power and Then Expect It to Behave Diffrently From the Way Governments Always Do

Capitalist in Chief — Wed, 19 Aug 2009 16:56:35 +0000

In this segment, a panel on Fox News discusses Obama campaign promises that are either broken or well on their way to being broken. Taxes on people making under $250,000 per year will be raised both directly and indirectly, and we’re getting more politics as usual despite a pre-election sentiment (delusion) among many that Obama is a different kind of politician.

Obama the Superhero! He’ll Go to Space and Punch a Robot in The Face

Capitalist in Chief — Mon, 20 Jul 2009 18:49:46 +0000

Obama’s candidacy and presidency is a classic example of over promising and under delivering. (Every socialist has to do it.) Any good marketer knows this exact thing will anger and dive customers away. Will Obama’s customers (voters) realize they’ve been duped before it’s too late?

In this spoof, Jib Jab hits the nail on the head by depicting Obama as a superhero who will use his super powers to fix EVERY problem we face.

HUGE Changes You Can Believe In

Capitalist in Chief — Sat, 18 Jul 2009 05:44:33 +0000

Barack Obama promised change, but no one was quite sure what that change entailed. In this funny video, Lori Harfenist chronicles eight HUGE changes in her life since Obama’s election.

Zero Dollar Bill

Capitalist in Chief — Tue, 23 Jun 2009 16:00:15 +0000

A picture is worth a thousand words. Zero dollars! Click image to enlarge…