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Obama’s Huge Hidden Tax on the Poor

In a world where everyone understood economics, I should never have to write this article. The effects of Barack Obama’s policies should be clear and widely opposed by the very people he claims to champion. What has he done? In a word: inflation.

From the stimulus to all of the “quantitative easing,” Barack Obama has caused widespread inflation. His most recent endeavor to fix the economy is QE3, or the third round of quantitative easing. Quantitative easing is, simply put, printing money.

What is so bad about that? Well, it makes more money available. That drives up prices and makes everything more expensive. This is particularly bad for the poor. Consider that gas was less than $2 a gallon when Obama took office and now it is over double the price at roughly $4 a gallon.

The point I am making has been made in greater detail by Anthony Randazzo at Reason magazine. However, I want to give a simpler analysis that still explains the his essential argument:

It won’t be a surprise to read conservatives lambasting this as unconventional monetary policy meant to help re-elect President Obama. And inflation hawks have already started screeching. But the loudest cry of “for shame” should be coming from the Occupy Wall Street movement.

Let’s get one thing out of the way first. Printing money is a tax. It is a tax that gives the government more money to spend and charges people in the form of inflation. That is simply supply and demand.

So, who does the tax hit? Well, inflation hits everyone who buys things. That’s everyone. However, it also increases the price of assets. So, if you have assets like gold, you have seen the price increase from $871.96 in 2008 to about $1800 today.

Assets help guard against inflation because everything that is owned is worth more. Today, we all pay more for gasoline and everything else, but rich people, who own a great deal more, have seen their assets appreciate. The poor, who own nothing, are simply stuck paying the bill.

These is the effect of inflation, whether we borrow money for the stimulus or print it for quantitative easing.

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September 16, 2012 at 10:53 am Comments (0)

Mitt Romney Asks for Support: “It’s Our Time”

In a new powerful Republican National Committee ad that calls for supporters to get involved, Mitt Romney lays out a strong case for his presidency. To get involved, the RNC recommends that you go to and sign up to get involved.

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September 13, 2012 at 11:55 am Comments (0)

Glen Shulfer’s Latest Song, “Obama Gotta Go”

Listen to the latest music from musician and song writer, Glen Shulfer. Glen is a fellow Wisconsinite and has written a number of political songs since the unions started attacking Governor Scott Walker.

Two of my favorites are “Union Man” and “America.” If you like these, take a look at his YouTube channel. He has many more. Glen Rocks!

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September 12, 2012 at 10:17 am Comments (3)

Democrats Deny God Three Times!

The latest ad from Republican Representative Allen West highlights the strong anti-religious movement within the Democrat party. The Democrats had taken out the only reference to God that was in the Democrat platform. In this attempt to put the only reference to God back into the platform, you can hear roughly half of the the Democrat delegates opposing the move.

Even though two-thirds of the delegate’s votes were required to put the reference to God back into the platform, the party heads over-ruled the motion and put “God” back in. They only did this because they feared the inevitable backlash. They will still take every opportunity they can to remove God from American society, as long as they can keep it in the deep, dark shadows.

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September 6, 2012 at 9:38 pm Comments (0)

Watch the Awesome Atlas Shrugged Part 2 Trailer!

If you were wondering how good part 2 the of the Atlas Shrugged movie series was going to be, then look no further. The trailer for part 2 is out and the movie franchise has picked up considerably. Atlas Shrugged part 1 was an amazing movie. It was well-done, clean, and faithfully kept with the spirit of Ayn Rand. Atlas Shrugged part 2 looks like it will do all of that and much more.

When the creators of Atlas Shrugged part 1 decided to do part 2, they went in a totally different direction. They changed the entire cast and aimed to make the movie more grandiose than the first. While I was as skeptical as everyone else about the cast change, the result looks amazing. The Atlas Shrugged part 2 trailer has all of the thrills of a big-budget movie and is incredibly polished too. Take a look for yourself and save the date: October 12, 2012!

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September 6, 2012 at 10:20 am Comments (0)

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