Whats Next?

The election is over. The American people have elected Barrack Obama as their next president. Let us take a moment to look at what could begin to happen in America economically after inauguration day.

When we look at President elect Obama’s economic proposals during the campaign, it is obvious his economic philosophies are socialistic in nature. This became evident in his comments to Joe the plumber when he mentioned spreading the wealth. This philosophy comes directly from the teachings of Karl Marx.

We can also discover his socialistic philosophies in his tax proposals. During the campaign, he promised to raise taxes but he also promised to give tax cuts to individuals making less than $250,000 per year. At present 40 percent of the population pays no income tax. To give these individuals a tax cut would mean that the government would be giving them a rebate check for taxes they never paid. This is not a tax cut but a stealth redistribution of wealth another policy directly from the teachings of Karl Marx.

In order to reverse this socialist trend in American economic policy we must determine how a majority of the population could be convinced that socialism is best for the country. It is my opinion that the foundation for this trend lies in the failure of our education system to teach basic economics. Those of us who have an understanding of basic economics now have a responsibility to begin teaching those we know about basic economics. Time is short since Mr. Obama plans to implement many of his programs during his first hundred days in office.

In an effort to make this task easier, I will be making postings to this blog between now and inauguration day that you can share with others. These postings will present some basic teachings on economic fundamentals along with links to materials on the web that go into depth on these principles. If you are as concerned as I am about the economic direction of the U.S. I encourage you to send everyone in your address book a link to this blog. The wonderful thing about the web is that information can be distributed quickly.

I am volunteering to do my part by posting these teachings. I encourage everyone to do their part by learning from these teachings and distributing the information. This is a great country and we will get through this. In fact, once the American people have the knowledge they need about economics, they will never be duped into falling for a slick socialist marketing campaign again. Join me in spreading the word.