President Obama spoke for an hour at an Associated Press luncheon on April 3, 2012, and whatever your perspective, Obama’s remarks are well worth watching.
“For generations, nearly all of these investments — from transportation to education to retirement programs — have been supported by people in both parties. As much as we might associate the G.I. Bill with Franklin Roosevelt, or Medicare with Lyndon Johnson, it was a Republican, Lincoln, who launched the Transcontinental Railroad, the National Academy of Sciences, land grant colleges. It was Eisenhower who launched the Interstate Highway System and new investment in scientific research. It was Richard Nixon who created the Environmental Protection Agency, Ronald Reagan who worked with Democrats to save Social Security. It was George W. Bush who added prescription drug coverage to Medicare.
“What leaders in both parties have traditionally understood is that these investments aren’t part of some scheme to redistribute wealth from one group to another. They are expressions of the fact that we are one nation. These investments benefit us all. They contribute to genuine, durable economic growth.”
While the Republican platform essentially betters those who have made it, the Democratic platform essentially redistributes the property earnings of those who have made to those who have not to enable them to partially share in economic prosperity, though at the bottom levels of society.
People everywhere need to wake up to the fact that the economic system has shackled 99 percent of us to the powerlessness, propertylessness and hopelessness of economic slavery. The global economy—a power-concentrating, corrupt and baffling triad of monopoly capitalism, socialism and welfare statism––is burdened by unsustainable and non-productive debt, under-employment of people, under-utilization of advanced technologies, and under-funded entitlements.
To save America and other market economies from financial disaster, the economic system must change and be based on sustainable growth, economic liberty and justice by lifting artificial and unjust legal and institutional barriers to equal productive capital ownership opportunities for every person.
