Quick - - what do you know about the country of Kenya?
That’s the country with the world’s greatest GDP, low inflation and stable employment - - right?
In 2008, the United States had the greatest GDP of any individual country in the world (it came in second behind the 27 nations of the European Union), whereas Kenya produced the world’s 82nd largest GDP. Kenya endured an annual inflation rate of 9.7% in 2008 (current inflation figures for Kenya are unavailable), while the United States recently posted an inflation rate of .1%. And while the United States is currently struggling with an unemployment rate of slightly over 9%, Kenya has suffered for most of this decade with an unemployment rate of roughly 40% (here again, precise, up-to-date figures are unavailable).
From photographs available online, the landscape of Kenya looks beautiful. But economically, Kenya makes for a very ugly picture, whereas the United States, even in the midst of an economic downturn, still looks relatively good.
So why is the President of the United States so committed to reconstructing the American economy with Kenyan-styled policies?
During the last presidential election cycle, I wrote frequently in this column about how candidate Obama packaged inherently communistic economic ideas into his contemporary, and at times inflammatory campaign rhetoric. His famous “Joe The Plummer/Spread The Wealth Around” moment was the least of it. Obama consistently promoted such themes as raising taxes on “the rich,” raising taxes on “excessive” corporate profits, raising taxes on energy, limiting people’s salaries, and redistributing wealth to those whom he believed “deserved” to have it.
Along with this, I also pointed-out last Summer that communism, itself, is a part of Mr. Obama’s heritage. Barack Hussein Obama Sr., the biological father of our President, was a bureaucrat in the communist government of Kenya back when the nation first declared its independence in the 1960’s. And while Kenya’s government was at that time trending towards pro-Western, free-market economic reforms, Obama staunchly opposed such changes.
Obama Sr. wrote in 1965 to Kenya’s then-President Jomo Kenyatta, advising against relying on private investors, who inevitably earn “dividends” (he was as disdainful about somebody making a “profit” with their capital as our President is today), to help sustain the country’s troubled economy. Instead, Mr. Obama proposed higher taxes on the wealthy, and a redistribution of that money, for the “collective good” of the nation.
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.