Monday, November 30, 2009

Getting Rich Under Obamanomics

You're getting hurt. But some people are getting very wealthy thanks to Barack Obama.

Whether he likes it or not, President Barack Obama’s policies on finance, the economy, technology, the environment, and even health care are turning out to be boons to the most entrenched special interests. Meanwhile, smaller businesses, taxpayers, and some disfavored industries are bearing the burden.

Our President believes in a “mixed economy” in which private enterprise and the profit
motive are still alive and well, but government gets to pick the winners and losers.


The winners might surprise you: Such as Peabody Coal!?!?

Obama helped a Peabody-led coalition of coal and power companies win the largest earmark in history—a $1 billion line-item in the stimulus bill passed in February The money was for a demonstration project in unproven clean-coal technologies such as “carbon sequestration,” which means trapping CO2 gas underground. The House of Representatives’ global warming bill, which Obama has endorsed, also contains special gifts to coal-powered utilities.


You will not be surprised to learn that crossing Obama's palms with silver helps you get rich off the taxpayer.

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