The Reasoned Review

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Obama to honor Reagan’s B-day

with one comment

This is truly surreal. President Obama, hoper, changer, believer, has decided to honor the man who is supposedly his ideological antithesis. Black is white, up is down! If ever there was any question that our two political parties are really one and the same, this surely answers it. Add to the mix Obama’s fondness for former Citigroup and Goldman Sachs executives, his steadfast refusal to institute a financial services transaction tax or re-instate Glass-Steagall, and there is little doubt as where his allegiances lie.

Inflation is a tax, and even if Obama manages not to nominally raise middle class obligations to the government (highly unlikely), they will find themselves taxed nonetheless through a debased currency. The bailout and stimulus, you will no doubt remember, were enacted so that our investment banks could continue to report multi-billion dollar profits. They do so now, but it will ultimately be on the backs of the rank-and-file American citizen, who will be perplexed to spend in a few years a full $20 on lunch.

Come to think of it, what better way to celebrate Reagan’s birthday than a fresh dose of his powerful Reaganomics? When one places the so-called ‘stimulus plan’ next to its bulbous cousin, the bank bailout, it is not hard to see who our president favors the more.

Written by pavanvan

July 28, 2009 at 1:55 am

Posted in Economy

Tagged with , , , , ,

One Response

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  1. the similarities between what we call regular taxation and the taxpayer bailout, with the resultant inflation, are striking. it’s revealing that the similarities are rarely acknowledged in mainstream discourse.

    Aditya Ramachandran

    August 4, 2009 at 8:50 pm

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