Obama Risks Much with ‘Campaign of the Left’

Germany, the Socialist nation, recognizes Obama’s move to socialize the United States…

“Social inequality is a surprising topic for an American campaign. Criticism of the market economy is normally not a promising strategy in the celebrated land of capitalism, the paradise of entrepreneurship, where one can be rich without guilt and where there has never been a strong socialist party.”

“A fair judgment of Obama’s first term in office needs to take place within a larger framework. Under the incredible pressure of the crisis and the dangerous political frustration, he has kept the United States globally predictable. He has begun the retreat of the unsustainable status of America as a superior power in the world. Now he has the chance to construct his image as the future of the American societal model. The debate over inequality is a necessary beginning.”

“Most Americans still believe that everyone, no matter what the circumstances may be, can reach the top. They just need to be industrious enough and be left alone by the state as much as possible. It is a classic creed — and, today, it is still the propaganda of the Republicans.”

“This insight has also been spreading in America since the 2008 financial crisis. It has led to the formation of new protest movements … Obama understands this and is offering a program to tackle it — with conviction and because it is the ideal strategy for countering the stubborn Republicans.”

“With the demand for a minimum tax for the rich, (Obama) is breeding resentment among the successful entrepreneurs and investors who are the engine of economic development. The tax benefit granted to capital income is not unfair preferential treatment but, rather, an attempt to encourage investors to take risks while simultaneously reducing double taxation. In insisting on fairness, Obama supporters are letting these economic relationships fall by the wayside.”

“The idea of imposing a minimum tax on multinational companies also reflects an unhealthy distrust toward tax competition and the international allocation of labor. Obama loves to come across as a supporter of the market economy. But, instead, he is still playing the role of the helmsman who must steer the market. With minimum taxes and increased industry control, he will not win back manufacturing jobs for America.”