The economic tree under Obamanomics: how it is intended to work. You read it first at Midknight Review.

The chart in this post is a technical explanation of the economic principle over-riding the general paradigm driving a thing we call Obamanomics. We believe it is the brain child of Mr. Obama, but he may have gotten the idea from a picture book on Marxism. We are not certain on this last conclusion.

Obama campaigned against the Reagan principle of a thing his (Reagan) enemies called "trickle down" economics. Obama thought he could legislate a plan into existence that "returned wealth to its rightful owners." No one actually knows exactly what that means but we think it has something to do with the fantasy of wealth peculating up from the "middle class" or, trickle up economics.

It is not as if "wealth" simply exists. Of course, it is generated by an entrepreneurial class that is willing to invest personal wealth and assume the risk of financial failure. Other's share in that wealth in terms of salaries paid and benefits supplied by the owner/entrepreneur. The fact that others work to make the particular business endeavor successful, does not give them "rights" to the wealth generated other than the payment of salary and benefits.

Class envy will argue against this arrangement, but such is the fact of life. It cannot be different. When an alternative work reality is installed, the entrepreneur goes away along with his vision and willingness to risk financial loss. Living wages and benefits must then be supplied via taxation and governmental policy. Europe is already there - Obama wants this same reality for this country. He is, in fact, anti-business.

When others speak of "returning wealth to its rightful owners," they mean to imply that the worker deserves the profits, that risk and investment capital are not elements deserving of a profitable return. There are no societies in this world that function in a profitable manner practicing such nonsense as an economic course.

With Obamanomics, profit be damned along with the value of the dollar, the private sector job force and the freedom to make as much money as possible (legally, of course). We have already hinted at the notion that "trickle up" does not work. We are left, then, with the chart and the reality that is known as Obamanomics. The "working class" is left with nothing but B.S, (bird s..t) as a covering, a poor substitute for real money --- or so we are told. Note the working class and their positioning under Obama - and we mean positioning under Obama. This is where he expects his subjects to remain and , in fact, if they sit there for an extended period of time, they will not be able to change their circumstance. Looking at the chart, this may have already happened ----- jds.
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