Obamanomics - Why Our Economy is Not Growing

___The goal of the Obama administration is to redistribute income. This is Karl Marx' idea to take from those who have excess in order to give to those who have less. The poverty level is defined by the Commerce Department for EBT cards, rent and health subsidies, free cell phones etc. It is defined by the Agriculture Department for free food (milk, cheese, etc purchased by DA to keep prices high). There are about 44 million living in "poverty" per USDebtClock.org

___Much of the burden on small business is regulations created by the Executive branch. Congress has relegated its power to Executive agencies like IRS, EPA, etc. To overrule a regulation requires a majority of Congress, but with thousands of regulations created each year, Congress allows most to become "law." An example is carbon regulation (tax) to "mitigate global climate change." If an American manufacturer makes widgets, then part of the cost/price of the widget will be compliance with regulations. China has no obligation to follow these regulations and incur a cost, so their widgets will sell at a lower price.

___Under Kyoto and Copenhagen climate agreements, "developed" countries must clean up their acts. "Developing" countries are not obligated to do so, although it is encouraged if "developed" countries provide the technology and funding to do so! With the Paris meeting in December, PoTUS has gotten the Pope to make the same argument. The problem with a global policy is that the 200 countries are very different. A one-size-fits-all policy is stupid when applied to apples and oranges!

___It is obviously stupid to exempt China from environmental costs since it has the second largest economy of all countries on the planet! Since China is growing at three times or more than the United States, it will have the planet's largest economy of any country very soon.

___Both Japan and China each hold more than $1 trillion in U.S. debt. This gives them enormous control of world finance. They may demand that the dollar can no longer be the reference currency. Think of all prices in Special Drawing Rights of the International Monetary Fund with 1/5 the value determined by dollar, pound, euro, yen and yuan each! Americans could not accept the metric system!