Is it time for America to “get even” with “rich people?”
It may have been yet another one of a long line of his famous political gaffes, but Vice Presidential candidate Joe Biden spelled-out the Obama-Biden economic plan with shameless clarity and candor.
In a recent interview on ABC-TV’s “Good Morning America,” Senator Biden said, “We want to take money and put it in the pockets of the middle class peop...” Do we need any further explanation?
For the entire nineteen months of his presidential campaign, Barack Obama has been crossing the country, fanning the flames of resentment towards people who are perceived to be financially successful. He has continuously criticized what he call’s the “Bush tax cuts for the rich,” implying that the Bush administration cut taxes for wealthier Americans, while leaving tax rates the same, or even raising them, for less wealthy income earners (this, of course, is not true, but Obama has made it clear that “the rich” don’t ever “deserve” to have their tax rates cut).
Obama has also proposed a “federal crack down” on what he deems “excessive pay” for corporate executives - - a great way to garner the support of blue collar and mid-level workers, who believe it is unfair that the President of the company earns “so much more” than the mail room clerk who “works so hard.” He has pledged to tax the “excessive profits” of American oil companies, and return that money to “hard working Americans” in the form of some sort of rebate check. And he has repeatedly lectured about his plan to bring America to “economic justice,” never actually defining what that means, yet clearly implying that the current state of things is inherently unjust, and in need of his repair work.
Much of Obama’s economic rhetoric has been delivered in front of friendly audiences. Yet, in a recent one-on-one interview at the Fox Newschannel, Bill O’Reilly pointed out that the Senator’s proposals amounted to “income redistribution - - a basic tenant of socialism.” In response, Obama offered a “gosh Bill, I don’t like paying higher taxes either but you and I can afford it” kind of response, and then sought to change the subject.
But after nineteen months of economic anecdotes wrapped-up in eloquent speeches and passionate oratory, combined with constant reminders from the candidate’s surrogates that Barack is just as American as all the rest of us, Obama’s running mate has now spelled out the real essence of the Democrats’ economic plan in simplistic terms that anybody can understand: “We want to take money and put it in the pockets of the middle class people…”
Austin Hill is an Author, Consultant, and Host of "Austin Hill's Big World of Small Business," a syndicated talk show about small business ownership and entrepreneurship. He is Co-Author of the new release "The Virtues Of Capitalism: A Moral Case For Free Markets." , Author of "White House Confidential: The Little Book Of Weird Presidential History," and a frequent guest host for Washington, DC's 105.9 WMAL Talk Radio.