Barack Obama is the final piece of the map in the progressive movement’s century of steady destruction of the U.S. dollar, income taxation, and massive, liberal intrusion into the lives of all Americans from birth to death.
An excellent analysis of this is found in “The Great Withdrawal: How the Progressive’s 100-Year Debasement of American and the Dollar Ends” by Craig R. Smith and Lowell Ponte ($19.95, Idea Factory Press, Phoenix, Arizona). Together they have written eight books on economic topics.
There is a great backlash to the Obama administration’s efforts to impose a socialist economy on America in which the federal government essentially controls all elements of it. The most recent and dramatic example is Obamacare, the takeover of one sixth of the economy. The Tea Party movement emerged to protest it in 2009 and has steadily grown as a political movement. Continue reading