Obama's Global Poverty Act: Spreading U.S. Wealth Around the World

“Election ‘08: Before friendly audiences, Barack Obama speaks passionately about something called “economic justice.” He uses the term obliquely, though, speaking in code — socialist code.”
--Investor’s Business Daily Editorial

"According to IBD, the bipartisan bill would require the president "to develop and implement a comprehensive strategy to further the U.S. foreign policy objective of promoting the reduction of global poverty, the elimination of extreme global poverty and the achievement of the Millennium Development Goal of reducing by one-half the proportion of people worldwide between 1990 and 2015, who live on less than $1 per day."

The "Millennium Development Goal" refers to a United Nations declaration adopted by the U.N. Millennium Assembly and Summit in 2000 that calls for "the eradication of poverty" by "redistribution (of) wealth and land," cancellation of "the debts of developing countries" and "a fair distribution of the earth's resources."
--Edward Cline, Obama's Global Poverty Act

Barack Obama's Global Poverty Act:
Spreading U.S. Wealth Around the World

As 'hard-core capitalists', DBKP would have been marked for extermination by Bill Ayers--if Ayers had ever bombed his way to power.

Ayers traded in his bombs for a grant writer's pen. Ayers hit the jackpot when he hired a young lawyer to administer his Chicago Annenberg Challenge.

That young lawyer's name was Barack Obama.

Big Media won't talk about Obama's many ties to socialism and communism--Ayers wrote in "Prairie Fire" that his movement was unabashedly "communist.

References to early Obama associations have been scrubbed from the Internet.

Obama's still refused to release his college and university records and a media which was hot for George Bush's college records and John McCain's medical records, has maintained a lockstep silence over the lack of the same records from Barack Obama.

A John Edwards-esqe cone of silence by the Mainstream Media on these records. The MSM is/has been intent on apologizing, explaining away, whitewashing and comforting voters who may have misgivings over the many questionable relationships and alliances Barack Obama has chosen over the years.

Alliances which shed light on Barack Obama.

Another story that is not getting much ink these days concerns the one bill that Barack Obama has proposed in the U.S. Senate--along with Chuck Hagel and Maria Cantwell: the Global Poverty Act.

The bill was the subject of a strong editorial in Investor's Business Daily of February 28, 2008, "Obama's 0.7% Solution For Poverty Gets Pass from Senate Republicans." According to IBD, the bipartisan bill would require the president "to develop and implement a comprehensive strategy to further the U.S. foreign policy objective of promoting the reduction of global poverty, the elimination of extreme global poverty and the achievement of the Millennium Development Goal of reducing by one-half the proportion of people worldwide between 1990 and 2015, who live on less than $1 per day."

The "Millennium Development Goal" refers to a United Nations declaration adopted by the U.N. Millennium Assembly and Summit in 2000 that calls for "the eradication of poverty" by "redistribution (of) wealth and land," cancellation of "the debts of developing countries" and "a fair distribution of the earth's resources." The IBD reports that "The Millennium project is monitored by Jeffrey D. Sachs, a Columbia University economist. In 2005 he presented then-U.N. secretary general Kofi Annan with a 3,000-page report based on the research of 265 so-called poverty specialists. "Sachs' document criticized the U.S. for giving only $16.5 billion a year in global anti-poverty aid. He argued that we should spend an additional $30 billion a year in order to reach the 0.7% target that the U.N. set for the U.S. in 2000....Sachs said that the only way to force the U.S. to commit that much money is by a global tax, such as a tax on fossil fuels [oil, coal, natural gas]." The tax would be imposed not only on their production, but on their use, as well. Among other consequences, Americans would be impoverished for the purpose of reducing poverty abroad by 0.7 percent of the U.S.'s gross domestic product.
--Edward Cline, Obama's Global Poverty Act

OBAMA and SOCIALISM

* Barack Obama, Socialist: Obama a Member of Socialist New Party
* Obama: Candidate and MSM Won’t Report Obama’s Socialist Ties
* Obama, Bill Ayers: Ayers Wanted to Kill 25 Million Die-Hard Capitalists
* MSM Education of John Q. Public: Socialism is Code Word for Black
* Obama Tax Plan: We’re Going to Spread the Wealth Around

* Obama Video Shows Pattern Of Socialist Lingo, Socialist Ties

Barack Obama's record in the U.S. Senate is that he is the most liberal member of that legislative body.

Quite an achievement for a relatively new member of the Senate; a man who "had only been in the Senate 143 days before announcing for president."

Obama's signature piece of legislation in the U.S. Senate is the proposed Global Poverty Act. The Global Poverty Act would transfer almost a trillion dollars from the United States to poor people the world over.

It's stated goal: to cut world poverty in half by 2015--using billions of U.S. taxpayers' money.

* McCain Works on Financial Crisis While Obama Touts $845 Billion Global Poverty Bill Funded by US Taxpayers
* Obama, Hagel, Cantwell: Fighting Global Poverty–One Speech at a Time

The Global Poverty Act of 2007 also had Republican backers; they will bear responsibility for their support.

But only one of the bill's backers is running for president: Barack Obama.

If the Global Poverty Act becomes law--it's already passed the Democrat House--Barack Obama will certainly "spread the [U.S. taxpayers'] wealth around".

It will take from the U.S. taxpayers--Joe the Plumber, Suzy the Homemaker, Phil the Bricklayer, Terry the Teacher and all the rest--and give it to countries around the world.

It will then be up to these countries, many run by dictators who are to blame for their people's lack of wealth, to spread the U.S. taxpayers' wealth around. Wealth that was earned in our capitalist system will be transferred to many who live under systems which are antagonistic to capitalism and wealth creation.

Good luck with all that.

The Obama campaign says that calling Barack Obama a "socialist" is a failed tactic, reserved for the evil troika of Fox News, the Drudge Report and the McCain campaign.

What is the intent of the Obama's Global Poverty Act?

It's part of a socialist vision that penalizes wealth creation, takes from those who earn and gives it to those who don't.

by Mondo Frazier
image: RidesAPaleHorse