Obama's latest watchword, "investments," is not, as I originally assumed, simply a euphemism for government spending. It captures his entire economic philosophy — a philosophy that is permanently engrained in the core of his being and disastrous for America's "future."
President Bill Clinton shrewdly used the word as a more palatable substitute for income tax rate increases, saying taxpayers needed to "invest" more of their hard-earned dollars in America. But Obama's use of the term was different in two important ways. First, for him, "investments" would apply to the spending side of the fiscal equation. He would ask our support in his plan to "invest" more government money in infrastructure and education.
Secondly, and more significantly, Obama used the term to candy-coat his fundamental lack of confidence in the private sector and free market, as well as his commitment to faith in government as the primary engine for economic growth.







