John Ransom

As we run up to the final debate- this one on foreign policy- the establishment media hopes that it will be a defining moment in the Obama presidency.

But we already know that Obama’s speech- disguised as a debate- will contain nothing new.

His foreign policy will be based on a simple premise:

“If the rich were taxed at the same rates they were half a century ago,” said Obama senior advisor David Plouffe last year, “they’d be paying in over $350 billion more this year alone, which translates into trillions over the next decade. That’s enough to accomplish everything the nation needs while also reducing future deficits.”

Yes: Tax the Rich, the War on Women and Hope but no Change is all the administration has, foreign policy-wise.

Let’s blame Benghazi on the rich guys.

Doubt it? Just wait. He’ll make it the cornerstone of his argument next week.   

And why should he stop there?

Obama has no other solution than taxing rich for any problem facing America.   

Rep. Jan Shakowsky, (D-IL), the most far left member of Congress, walked point for just such a “tax-the-rich” bill as Obama will lay out the rest of the way.

She called it the “Fairness in Taxation Act.”  

Schakowsky isn’t just Orwellian, either. She is a real honest to goodness socialist- not the closet variety like Obama.

Schakowsky gave the keynote speech at a 2004 dinner held by the Democrat Socialists of America (DSA). Prior to that, in 2000 she received the Eugene Debs award from the DSA, honoring the memory of Debs in “her dedication to the fight for a just society.”

For the uninitiated, Eugene Debs (1855-1926) was and remains America’s most famous socialist. He ran for president under the socialist ticket four times between 1904 and 1920, the last run from prison.

John Ransom

John Ransom is the Finance Editor for Townhall Finance, host of Ransom Notes Radio and you can catch more of the best money advice and monetary commentary by him daily 10am PT, 1pm ET at or on Comcast Cable