October 15, 2012

There’s been a considerable amount of liberal/Democratic ink used in recent days concerning billionaires whining about the Obama administration and what could happen to this country if he were to be reelected. Jack Welch, former GE CEO claimed that the unemployment numbers were “cooked”, Donald Trump predicts the downfall of American capitalism, Steve Wynn of Las Vegas is worried about creeping socialism and the Koch Brothers of Texas are so anti-Obama that their heads nearly explode at the mention of his name.

So why are these super-rich guys so upset with Obama and predicting dark days ahead if he gets four more years. It couldn’t be because corporate earnings and profits are down – they’re in large part on an upward path. It couldn’t be because the stock market has tanked – it has regained much if not all of its pre-meltdown position. It couldn’t be because the housing market it in the doldrums – most signs point to a real uptick in housing. And it couldn’t be because we are in a recession or a near recession – no economist worth his/her salt is talking about a recession, only a steady but slow recovery.

So why all the whining? Well you probably guessed it already. These guys, these billionaires are worried that Obama and the Democrats will make them pay millions more in taxes. It’s all about them and their wealth, not about fairness, not about attacking the debt, not about the fact they made a tax windfall the last ten years. No, its about paying up and losing what will likely be a miniscule portion of their billions.

Someone ought to tell these guys that there is no whining in politics.  There is reasoned arguments,  policy studies, independent analysis, not conspiracy theories, bogus socialism claims, and predictions about the end of America. Anyone who reads what these guys are saying can quickly see what their game is. It’s not about the fiscal health of the country, its about protecting their wallets. So much for the common good.

In St. Mark’s gospel yesterday, Jesus talked to the rich man and asked him to give away his wealth to the poor and join him. Then Jesus said that it is easier for a camel to pass through the eye of an needle than for a rich man to enter the kingdom of heaven. If Jesus was right, these billionaires may have a lot to answer for down the line.