By INVESTOR’S BUSINESS DAILY
During his NAACP speech earlier this month, Sen. Obama repeated the term at least four times. “I’ve been working my entire adult life to help build an America where economic justice is being served,” he said at the group’s 99th annual convention in Cincinnati.
And as president, “we’ll ensure that economic justice is served,” he asserted. “That’s what this election is about.” Obama never spelled out the meaning of the term, but he didn’t have to. His audience knew what he meant, judging from its thumping approval.
It’s the rest of the public that remains in the dark, which is why we’re launching this special educational series.
“Economic justice” simply means punishing the successful and redistributing their wealth by government fiat. It’s a euphemism for socialism.
In the past, such rhetoric was just that — rhetoric. But Obama’s positioning himself with alarming stealth to put that rhetoric into action on a scale not seen since the birth of the welfare state.
In his latest memoir he shares that he’d like to “recast” the welfare net that FDR and LBJ cast while rolling back what he derisively calls the “winner-take-all” market economy that Ronald Reagan reignited (with record gains in living standards for all).
Obama also talks about “restoring fairness to the economy,” code for soaking the “rich” — a segment of society he fails to understand that includes mom-and-pop businesses filing individual tax returns.
It’s clear from a close reading of his two books that he’s a firm believer in class envy. He assumes the economy is a fixed pie, whereby the successful only get rich at the expense of the poor.
Following this discredited Marxist model, he believes government must step in and redistribute pieces of the pie. That requires massive transfers of wealth through government taxing and spending, a return to the entitlement days of old.
Of course, Obama is too smart to try to smuggle such hoary collectivist garbage through the front door. He’s disguising the wealth transfers as “investments” — “to make America more competitive,” he says, or “that give us a fighting chance,” whatever that means.
Among his proposed “investments”:
• “Universal,” “guaranteed” health care.
• “Free” college tuition.
• “Universal national service” (a la Havana).
• “Universal 401(k)s” (in which the government would match contributions made by “low- and moderate-income families”).
• “Free” job training (even for criminals).
• “Wage insurance” (to supplement dislocated union workers’ old income levels).
• “Free” child care and “universal” preschool.
• More subsidized public housing.
• A fatter earned income tax credit for “working poor.”
• And even a Global Poverty Act that amounts to a Marshall Plan for the Third World, first and foremost Africa.