Sunset News: Obama's economic vision reminiscent of Karl Marx's

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Friday, February 27, 2009

Obama's economic vision reminiscent of Karl Marx's

Obama's economic vision reminiscent of Karl Marx's
Jim Brown - OneNewsNow - 2/26/2009 11:55:00 AM

WASHINGTON, DC - A young rising star in the Republican Party has laid out a new conservative vision for the country.

Congressman Paul Ryan (R- Wisconsin) warned attendees at the Conservative Political Action Conference that President Obama and Democrats in Congress are seeking a "Europeanized economy" by ushering in greater government control of the energy industry and the healthcare system.

In his speech, Ryan blasted President Obama's actions to address the financial crisis and economic recession, including the $787 billion "stimulus" package, which Ryan believes will only stimulate more government debt and tax increases. Ryan also criticized Obama's new mortgage plan, arguing it bails out people who borrowed more than they could afford.

"But if you acted responsibly, if you saved your money and you kept paying your mortgage like 93 percent of the rest of Americans do, you're out of luck," Ryan stated. "You're not getting a lower house payment, and the government will force you to sacrifice even more through higher taxes to bail out reckless lenders and irresponsible borrowers."

The Wisconsin Republican inferred that Obama's plan may sound familiar to those who follow political history. "You see, what we have here is an update of [Karl] Marx's famous slogan -- 'From each according to their ability, to each according to his needs.' Now we have 'from the suckers who followed the rules, to those who borrowed beyond their means.'"

Ryan says while Democrats want to impose a more intrusive state -- "something out of an Ayn Rand novel" -- he is proposing an alternative conservative vision that involves "junking the tax code," cutting spending, as well as reforming healthcare, the federal budget, and the regulatory system.

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