Obama's mission accomplished

I think it's time for a photo op... picture Obama in a brown jump suit with a red bandana, in the midst of a throng of enthusiastic supporters dressed similarly, under a banner stating in bold letters, wealth redistributed:

Paychecks from private business shrank to their smallest share of personal income in U.S. history during the first quarter of this year, a USA TODAY analysis of government data finds.

At the same time, government-provided benefits — from Social Security, unemployment insurance, food stamps and other programs — rose to a record high during the first three months of 2010.

Those records reflect a long-term trend accelerated by the recession and the federal stimulus program to counteract the downturn. The result is a major shift in the source of personal income from private wages to government programs.

The trend is not sustainable, says University of Michigan economist Donald Grimes. Reason: The federal government depends on private wages to generate income taxes to pay for its ever-more-expensive programs. Government-generated income is taxed at lower rates or not at all, he says. "This is really important," Grimes says.

It's important only to those who are seeing their hard-earned wages being confiscated by a burgeoning government and redistributed to a growing crowd of non-productive people who for one reason or another choose not to work for a living.

It's change some continue to believe in.

Count me not amongst the blooming idiots who do.

Comments

[Jacob Klinger]

If our route isn't changed in November, it's going to get really nasty here come 2011 onward...

[tim aka The Godless Heathen]

Well he did say he was going to “fundamentally transform” this country.

“Paychecks from private business shrank to their smallest share of personal income in U.S. history during the first quarter of this year”

As a small business owner who has cut ever expense possible including my own pay I can certainly attest to that statement.

And BroKen, if you read this, yes I’m still in business and yes I owe you a trip to church. I’ll be paying up soon. (Just don’t expect a miracle and I take no responsibility for lightening striking the church).

[BroKen]

Very cool, tim. I'm not expecting any miracles (but I wouldn't be surprized by another one either!) A lot of churches have lightning rods called steeples. Your presence will cause no greater risk than do the folks who attend already.

[Rick]

tim... your presence is instead likely to make the place holier...

:)

[Leslie]

Agreed