Trickle Down Poverty

A nation placing itself in a position to borrow from others for its own survival is doing nothing less than embracing servitude and chaos. Economist Michel Chossudovsky indicated as much when he predicted that Obama’s economic polices will lead “to social havoc and the potential impoverishment of millions of people.”

And Chossudovsky appears to be correct. Nationwide unemployment is now 10.2%, which is more than double the lows of 4.6% unemployment we saw under George W. Bush. And among homeowners with a mortgage, “more than 14% ... were either behind on their payments or in foreclosure at the end of September.” Such levels of mortgage default represent “a record-high for the ninth straight quarter.”

But it’s hard to believe that the high unemployment or the mortgage problems are viewed as bad news in the eyes of the Obama administration. Sure, they act like it bothers them when the cameras are rolling and the president is reading from his teleprompter, but one might wonder if they want more and more people to fail so that more and more people look to government for their survival. As Rush Limbaugh put it on November 19, 2009: “This is exactly the agenda.  This is the point: Get as many people as possible depending on government.”

And it should come as no surprise that the majority of people being harmed from Obama’s policies are those who bought his “hope and change” mantra hook, line, and sinker. Thus, while the national unemployment rate is currently 10.2%, Rasmussen Reports shows that the unemployment rate among Democrats is 15% and among the politically unaffiliated it’s 14.2%. (The corresponding rate of unemployment among Republicans is 9.9%.)

So while Obama and his fellow socialists talk as if money taxed out of producers’ hands and given “to the government … will eventually come trickling down to the middle class and the poor,” the reality is that poverty is the only thing trickling down by employing  these twisted economic policies.

There’s a chance the taste of broadened poverty will wake us up, causing us to reverse course in favor of an economic policy that rests on personal responsibility once more. But we can be certain that if such a reversal does not take place soon, national poverty will prove but a step down the road to serfdom in the United States of America.