As the US unemployment rate has plummeted to 6.1%, the lowest it has been since President Obama took office, the Dow Jones has broken 17,000 for the first time in history! Now we just standby to await to Teapublican assault on Obama for not making it even better…
So much rhetoric revolves around the fallacious notion that Obama is a socialist, because clearly anyone who stands left of extreme in today’s political climate must be a socialist. As a tyrannical socialist he sure is failing.
After the Great Recession and the crash in 2008 one would imagine that a socialist President would have brought us to the brink of destruction. I suppose that isn’t bound to happen anytime soon, since the economy has nearly doubled – yet wages stagnate, another issue that needs to be addressed.
While conservative pundits rail against socialism due to its high tax rates – some topping out at just over 60% – it’s interesting to note that we’re not actually that much better ourselves. At the end of the year we have additional “taxes” that just aren’t included in that “Income Tax” misinformation being fed to us by both the left and the right.
These socialist countries have better healthcare, education, economies, jobs, pay, lower unemployment, greater levels of income equality, and less stress. Yet somehow we still cling to the fact that our capitalist system is supposedly better. At the end of the year – when taking into account not just income, but sales, gas, property, and medicare/ssa taxes – the average American ends up paying 43% of their income to taxes!!
Meanwhile in these socialist countries they end up paying around the same in taxes that we do, while actually seeing the bang for their buck.
So if President Obama is a socialist – which he is clearly not – then he is the laughing stock of socialists the world round.