Poor-mouthing our prosperity prospects
President Obama is the most radical leader in U.S. history. Much of the public is focused on his ambitious plan to nationalize health care. The more they hear about it, the less they like it. Hence, Mr. Obama's poll numbers are dropping like a stone.
Yet his environmentalist agenda is just as dangerous. If passed, it will destroy America's free-market system. Like most liberal elitists, Mr. Obama is an incremental socialist. He does not believe in revolutionary change through blood and iron -- as did Soviet dictator Josef Stalin or Cuban despot Fidel Castro. Rather, Mr. Obama champions evolutionary socialism: the state's gradual takeover of key sectors of private industry. He is anti-capitalist and pro-big-government.
His cap-and-trade initiative seeks to severely limit carbon-dioxide emissions. Every business involved in carbon emissions would be required to purchase permits from the government. Over time, emissions allowed would be curbed, making the permits increasingly valuable -- and expensive. Companies would be allowed to trade or sell them on the open market.
Cap-and-trade would impose huge costs on the economy and undermine job creation. Moreover, it would transform America into an impoverished socialist superstate. It would create a new ruling class that would oversee economic development, forcing an eco-friendly lifestyle on every resident.
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