What are “rich” Americans thinking?
As President Obama ramps-up his re-election bid, we’re hearing more than ever before about all the things he wants to give to our “children and grandchildren,” and the “middle class.”
His policies are actually an anathema to the middle class – at least to those of us middle class folks who don’t hold a unionized government job, and who actually want to be self-sufficient and to live independently – but the presidential offerings of “help” keep on coming.
In the midst of this, the high-dollar donations keep rolling in to the Obama campaign from the highest of income earners. And this raises an important question for rich folks: if President Obama successfully breaks the backs of the working middle class, is that really good for you?
By every indication, the President plans to portray the eventual Republican presidential nominee as a creature of wealth and privilege. He successfully did this to John McCain in the last presidential election cycle, and if Mitt Romney is the President’s opponent this year it won’t be difficult to pull-off a repeat performance.
Yet in reality Barack Obama’s campaign is funded overwhelmingly by the richest among us. According to a New York Times report last year, among these donors are included many Silicon Valley executives, hedge fund managers, entertainment executives, homosexual rights activists, and former supporters of Hillary Clinton’s presidential campaign.
The President’s campaign has been conducting an aggressive outreach to low-dollar donors, soliciting contributions as little as $3.00 and raffling “dinner with the President” opportunities. Yet his support among middle and lower income Americans has mostly been declining, while wealthy Americans have flocked to his side.
So, why? Are wealthy Americans so easily charmed by the idea of rubbing shoulders with a U.S. President at a fundraiser, that they're thinking nothing of funding an agenda that is undermining the nation? And what part of the Obama agenda do rich people believe is strengthening our country – or even their own personal fortunes?
Consider last week’s unemployment numbers. A slight decline in the unemployment rate seems great; until you consider that the labor pool is declining. And why would the number of willing workers be dropping? It may very well have to do with the generous federal entitlements provided in the new “Obamacare” law.
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.