David Limbaugh

Just look at the recent viral video of Elizabeth Warren, his former financial reform adviser, who essentially tells us that America's economic winners have been successful on the backs of the poor. Part of the "social contract," says Warren, is to "take a hunk of that and pay forward for the next kid who comes along." Can you hear echoes of Obama's "spread the wealth around" here?

Like Obama, Warren doesn't believe capitalism is a fair or moral system. Nor is Warren an isolated example. Nearly every one of Obama's czars shares this Marxist mindset.

Most socialists are not about economic prosperity. Oh, they'll use Keynesian theory that deficit spending stimulates economic growth to justify their demand for more government expenditures. But in the end, Obama's "stimulus" package wasn't even fair to John Maynard Keynes.

Don't get me wrong; the obscene forced federal expenditures wouldn't have succeeded in stimulating the economy even if Obama had used them for that purpose. But he didn't, and it is pretty hard to deny in hindsight that he never intended to.

Before he commandeered the $868 billion, he assured us it would go to shovel-ready jobs and get people back to work again. It was only after the fact that he cynically laughed in our faces about the unavailability of such jobs. (He's doing the same thing all over again with his latest jobs bill.)

Despite his promise that he would strictly account for this money and watchdog against its waste, he threw gobs of it away to locations with phantom ZIP codes, to ACORN-like political allies, to unions and to corrupt environmental wastelands, such as Solyndra.

There was no private-sector economic multiplier effect for any of Obama's stimulus expenditures. The only multiplier effect in this and his other spending bills was in the public sector. Obama furtively tucked into these bills many perpetually sustaining federal programs that would remain with us, continue to grow and further choke the private sector.

Thus, if you measure Obama's promise of hope and change against his true intention, he might well be succeeding. As one who believes that America's free market is unfair, he has gone a long way toward shaking up that structure -- and he's not even close to being finished. He has taken from the producers and redistributed to those his administration deems worthy of the transfer payments.

Obama may not be deliberately destroying the U.S. economy, but he is implementing policies that are allowing the central planners to pick the winners and losers and, in the process, smothering the private sector and wrecking our fiscal future.


David Limbaugh

David Limbaugh, brother of radio talk-show host Rush Limbaugh, is an expert on law and politics. He recently authored the New York Times best-selling book: "Jesus on Trial: A Lawyer Affirms the Truth of the Gospel."

©Creators Syndicate

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