The Fed is Engineering Obama’s Re-Election Campaign
By Gary Dorsch
Tuesday, 7 February 2012
Mitt Romney has just rolled up back to back victories in the Nevada and Florida primaries, and his path to the Republican nomination looks to be inevitable. Republicans are mostly basing their voting decisions upon opinion polls showing Romney has the best chance of defeating President Barack Obama in the Nov 6th presidential election. According to the latest Gallup poll, both Obama and Romney have equal support of 48% of the US-electorate, and if correct, more than a billion dollars worth of campaign and PAC ads will swamp the media outlets, in order to try an influence the decisions of less than 5% of undecided voters.
In his standard stump speech, Romney charges Obama with peddling for votes by spending taxpayer dollars in order to support his re-election. “Over the past three years Barack Obama has been replacing our merit-based society with an entitlement society,” Romney tells his supporters. Indeed, direct government payments to individuals shot up by almost $600-billion, a +32% increase, since the start of the Obama administration in 2009.
A record 49% of Americans live in a household where someone receives at least one type of government subsidy, such as Medicare, food stamps, hosing subsidies, unemployment insurance, school lunch, veterans’ benefits, etc. And 63% of all federal spending this year will consist of checks written to individuals for which the government receives nothing in return, the White House estimates. That’s up from 46% in 1975 and 18% in 1940. At the same time, about half of Americans pay no federal income tax at all. While the Republicans rail against the burgeoning welfare society, they also support corporate welfare for the oil industry, and tens of billions in subsidies for America’s Agricultural farm factories.