Thursday, November 20, 2008

And so begins the Obama betrayal.

You have to give Obama credit. He isn’t even waiting to take the oath of office before he begins betraying the very people who elected him. Of course the Obamatrons worship the water he walks upon and won’t admit they were taken for a ride by this con man.

Let us begin with Obama’s alleged antiwar views. One of Obama's first appointments is Rahm Emanuel who was asked to be his chief-of-staff. When it comes to war, especially war in the Middle East, Emanuel is right up there with Dick Cheney and the neocons. One difference is that Emanuel doesn’t have the restraint of Cheney -- he is aggressive, threatening and demanding. He was also one of the people who sat on the board of the Federal Home Loan Mortgage Corporation which is partially responsible for the housing bubble that has caused so much pain to the economy, but he resigned that appointment when he decided to run for Congress.

Emanuel, who served as a civilian volunteer with the Israeli Defense Force, certainly won’t be objective when it comes to foreign policy matters. The Nation says he is “seen as a strong Israel partisan.” Emanuel’s father, who was a member of the terrorist Irgun group says: “Obviously, [Rahm] will influence the President to be pro-Israel. Why shouldn’t he do it? What is he, an Arab? He’s not going to to clean the floor of the White House.” Emanuel was also a supporter of President Bush’s war policies and has said he wants the youth of America to be forced in compulsory government service. Neoconned again.

Now the scuttlebutt is that Obama has picked Eric Holder as attorney general. The Nation notes that Holder was a Department of Justice insider who, “at a point when the Bush administration was proposing to further erode barriers to governmental abuse, argued that dissenters should not be tolerated”. He also called “for the firing of any ‘petty bureaucrat’ who might suggest that proper procedures be followed and that the separation of powers be respected”. They also note: “Holder was part of the legal team that in 2005 developed strategies for securing re-authorization of the Patriot Act."

Nor can Barack Obama wait to begin imposing his Big Government solutions. No doubt it is entirely coincidental that the first new policy he announced amounts to a regressive tax on energy that will destroy jobs and reduce the wealth of all consumers. He wants to impose a tax on carbon emissions in the name of saving the planet from the global warming monster. Such taxes will be paid by consumers on the products they buy and the fuels they use. This is a particularly regressive form of taxation which hurts the poor the most. He told the poor he given them hope and what he is delivering is picking their pockets to help the fat cats.

These funds will go into Obama’s treasury so he can repay the massive amounts of contributions he received from Big Business. Say what you will, but Obama got more corporate funding than McCain, and Big Business doesn’t make investments without expecting a return on their money.

According to the San Francisco Chronicle, the not-yet crowned king of the United States has said he wants to give $15 billion a year of these funds to so-called alternative fuel companies. That is to major corporations who are producing fuels that consumers don’t want, some of which do more harm than the fuels they replace, and which require a subsidy to make them attractive.

Obama claims that these subsidies “will create jobs at a time of economic turmoil.” Okay, Obama is stupid or lying and I don’t think he’s stupid. These subsidies don’t create jobs anymore than the money he will be given the corporate elite is “new wealth”. He will take your wealth and give it to some rich guys. That isn’t new wealth at all. He is merely redistributing the wealth from the poor to the rich. And that is the same thing that will happen to the so-called “new jobs” which Obama is crowing about.

The higher taxes that he intends to impose on virtually every segment of the economy will destroy massive numbers of jobs. Those jobs disappear as consumers cut back in order to pay the new taxes which help Big Energy companies replace the profits lost to lower oil prices. Money is showered on the Big Energy companies and that will produce some jobs in those segments of the economy. But the process will destroy jobs everywhere else. It is highly likely Obama’s tax will destroy more jobs than it will redistribute, leading to a net loss of jobs. So not only will Mr. Obama impose a tax that hurts the poor mos,t he’ll also make sure there are more poor to be hurt by by destroying their jobs.

Obama says giving your income to wealthy energy companies will “help us transform our industries and steer our country out of this economic crisis by generating 5 million new green jobs that pay well and can’t be outsourced.” The man is a bald faced, blatant liar. Yes, this will transform industries by shutting down factories, closing stores, and destroying millions of jobs. And it will create some new jobs in the industries that he favors. And no doubt, the Big Energy companies will consider their investments in the Obama campaign well worth the investment.

As for the economic crisis it will just redistribute it. The likelihood that you will lose your job due to Obama’s tax increases is much higher than the likelihood that you will be hired to work in the so-called “alternative” fuel industry. And, I’d bet you that the “new” energy that they produce will cost more than the old energy it is meant to replace. The poor will get screwed twice over. First they will be taxed to pay the subsidies to Big Energy and then they’ll be screwed again when they buy the energy.

But the worshipful Obamatrons will all stare, wide-eyed and worshipful at their New Messiah and applaud his ability to “save the planet”. Jesus only promised to save your soul. By Obama standards he was a piker.

And to show you how the media distorts what is going on the San Francisco Chronicle reports that a business run “green” group is supporting the new measure “even though many of its members -- such as oil giants BP and ConocoPhillips - emit large amounts of greenhouse gases.” This make it sound like these guys will be hurt by the measures yet are selflessly applauding them. What they aren’t telling you is that these same companies will be among the major recipients of Obama’s corporate welfare.

Just take ConocoPhillips as an example. It is well known that the largest of the companies living off of stolen tax money is Archer Daniels Midland. ADM is an excellent example of “political capitalism” where rich investors get richer by having politicians redistribute wealth to them through subsidies and other government programs and measures. But did you know that ConocoPhillips and ADM are partners in efforts to “develop renewable transportation fuels from biomass”? So ConocoPhillips will benefit from the subsidies that Obama is handing out. The Chronicle never reported that fact.

BP is another company with lots of fingers in renewable energy pies. BP knew of Obama’s plans weeks ago and had already decided to move $5 billion in investments from Europe to the US to take advantage of the Obama welfare scheme for Big Oil companies feeling the pinch of lower oil prices. The Guardian reported: “BP has dropped all plans to build wind farms and other renewable schemes in Britain and is instead concentrating the bulk of its $8bn renewables spending programme on the US WHERE GOVERNMENT INCENTIVES FOR CLEAN ENERGY PROJECTS CAN PROVIDE A CONVENIENT TAX SHELTER FOR OIL AND GAS REVENUE.”

The Wall Street Journal noted “Oil companies like BP-- as well as U.S. majors-- could be well-positioned to take advantage of the subsidies, which take the form of tax breaks on U.S. income.” So while Obama is forcing new taxes on the working and non-working poor he will be giving tax breaks to Big Energy. If George Bush did this (and he would) the Left would be crying out in protest. When St. Barack does it there is nary a peep from them.

Did anyone really think these Big Energy companies are selflessly volunteering to pay higher taxes? Absolutely not. They expect that most the taxes they will pay on carbon emissions can be passed on to the suckers who voted Obama into office while they can take advantage of the subsidies created by the scheme to reduce taxes on their profits. You will pay more for energy and they will pay less taxes on their profits. This is how Obama helps the poor. Unless the poor include BP and ConocoPhillips the Obama campaign is already clearly a fraud.

This is a perfect example of the way that Big Business uses new regulations to increase their profits. The Green Left hates Big Oil so they push for subsidies on “alternative fuels” which amounts to tax breaks for Big Oil. Once again the Left has handed corporate America a new means of fleecing the poor to support the ultra-rich.

I suggest that Obama will craft a series of new measures, all of which will be sold to solve some crisis for the average worker, but which, in the end, will reward the corporations that poured hundreds of millions into his election coffers. It is so easy to dupe people that Obama isn’t really even trying to hide it.

The San Francisco Chronicle report is a perfect example of lazy reporting. The reporter, David Baker, claimed the oil companies backing Obama would be hurt by the measures -- thus given the measures credibility to readers. I would bet that the reporter himself supports the scheme. But what he didn’t bother to do was check to see if these selfsame companies would be net beneficiaries of the schemes they were endorsing. Mr. Baker played his role in helping keep this myth of wealth redistribution alive and well. The myth is that such measures hurt the rich and help the poor. The reality is that they tax the poor to subsidize the rich -- after all, who do you think paid for all those Obama television ads. It wasn’t old ladies on social security, single mothers on welfare, or minimum wage burger flippers.

Labels: , ,