Obama Wins 8 of the Nation’s 10 Wealthiest Counties…Impressive Stats for a “Socialist”

I just love these statistics posted by CNBC yesterday:

In an election that often focused on debates about class warfare, President Barack Obama was favored over multimillionaire businessman Mitt Romney in eight of the nation’s 10 wealthiest counties.

For a guy that supposedly wants to redistribute wealth, the wealthiest people sure do seem to like him.  The sad truth of the matter is that Obama is doing one simple thing.  He is paying off the poor via food stamps and disability checks so that they stay in line while the oligarchs steal everything in sight.  The middle class is squeezed in the process and is rapidly disappearing.  So in a way he is a wealth distributor, just not in the way the pundits would have you believe.  He is funneling the wealth or the middle class and non-oligarch rich to the super rich oligarchs.  The poor just get paid off to shut-up as usual.  I am once again reminded of Keynes’ famous quote:

Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security but at confidence in the equity of the existing distribution of wealth.

So there we have it.  Obama the socialist? No. Obama the crony capitalist coddler?  Most definitely.

Read the CNBC article here.

In Liberty,
Mike

6 Comments

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  1. Odd isn’t it that the wealthiest Americans voted for the man that, apparently wants to re-distribute the wealth? Perhaps they know something that we don’t!

  2. Indeed, Mike. Obama’s financialization for the Oligarchs have worked out quite well for them so far. That vote is no surprise. But what happens to the middle class mindset when their 401ks begin blowing up again? After all, the middle class has been promised that the Bernanke Put can never let their stocks ever tank again–if such a tool really existed. Yeah right, what a joke. Soon, the Oligarchs will be flooding into PM’s.

    Calling Occupy Wall Street….hello? hellllllllo? Anyone there? I guess it’ll just have to be complete social unrest.

  3. @Mike – Thanks for the article… I posted it on facebook. Here’s how I footnoted your points:

    **********

    : “The middle class is squeezed in the process and is rapidly disappearing. So in a way he is a wealth distributor, just not in the way the pundits would have you believe. He is funneling the wealth of the middle class and non-oligarch rich to the super rich oligarchs. The poor just get paid off to shut-up as usual.” -Mike Krieger

    “The Rich Get Richer Explained”: http://www.youtube.com/watch?v=xA_glFb0oWs

    **********

    : “The middle class is squeezed in the process and is rapidly disappearing. So in a way he is a wealth distributor, just not in the way the pundits would have you believe. He is funneling the wealth of the middle class and non-oligarch rich to the super rich oligarchs. The poor just get paid off to shut-up as usual.” -Mike Krieger

    “Food Stamp Growth 75X Greater than Job Creation”: http://www.weeklystandard.com/blogs/food-stamp-growth-75x-greater-job-creation_660073.html

    **********

    : “Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.” -Mike Krieger

    “Board of Governors Monetary Base, Not Adjusted for Changes in Reserve Requirements (BOGUMBNS)”: http://research.stlouisfed.org/fred2/series/BOGUMBNS?cid=124

    “This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.” -Alan Greenspan

    “Gold and Economic Freedom by Alan Greenspan [written in 1966]“: http://www.321gold.com/fed/greenspan/1966.html

    **********

    : “By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security but at confidence in the equity of the existing distribution of wealth.” -Mike Krieger

    “Capitalism or Fascism? Wealth Distribution and Income Inequality in Contemporary America”: http://www.facebook.com/notes/sparx-eightthreetwo/capitalism-or-fascism-wealth-distribution-and-income-inequality-in-contemporary-/10150953287412781

  4. It’s probably just a psyop, but even if it isn’t there is no way to know because they engage in massive vote rigging. Nothing can be trusted coming from government or their controlled media outlets.

  5. So he’s not a socialist? Labeling him a ‘crony capitalist’ seems way off base. The fact that class warfare, as an issue, was assigned to the Republicans shows how deceived the public is nobody manipulates the disparity between social classes than the demoncrats.

  6. For anyone interested in why the elites, so-called “capitialists,” who run this world actually push for one world government and soclalism (preferrably the more extreme forms of socialism, being communism and fascism) is in order to protect and to maintain their unearned wealth. Just like in communism and fascism, it is communism and fascis for everyone except those in power, especially those who are behind the curtain.

    Highly recommended book: “The Naked Capitalist” by W. Cleon Skousen

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