Pay Close Attention

The following is a quote from the Obama campaign taken yesterday, Sept 14th, in response to the Wall Street news of Lehman Brother's bankruptcy and Merril Lynch's sell-off to Bank of America.

“I certainly don’t fault Senator McCain for these problems, but I do fault the economic philosophy he subscribes to. It’s a philosophy we’ve had for the last eight years – one that says we should give more and more to those with the most and hope that prosperity trickles down to everyone else. It’s a philosophy that says even common-sense regulations are unnecessary and unwise, and one that says we should just stick our heads in the sand and ignore economic problems until they spiral into crises.”

At first glance, it just looks like typical campaign rhetoric. But pay close attention to the word choice that Obama uses to describe the economic system we have. He says that the Republican philosophy is to "give more and more to those with the most". Give??? Really??? Last time I checked, that wealth and income has been EARNED by millions of hard-working Americans who have made good decisions with their money and resources. These citizens have CREATED jobs for the middle and lower class. The government has not given anything, only taken away. Wait, let me correct myself. The government has created... it has created giant beauracracies that operate completely inefficiently, it has created a deficit/debt like none we have ever seen, and it has created a dependence by the lower class on a system that doesn't work because it punishes those who have the most success.

Look at any objective economic modeling/history and you can see that our private sector creates the jobs and the success of the economy, not the government. This is a critical difference in philosophy, one that can have major impact on the future of the US. If you are seriously considering Obama as your guy for the White House, at least think about these facts for a few minutes. And think objectively.