The president’s “new” economic plan would place big businesses ahead of small, independent ones.These days, it’s tough to keep track of exactly how the U.S. government is evolving to make things tougher for average American citizens. Here at Great Wealth Strategies, we often talk about how the Obama administration in particular has enacted a series of policy changes and developments that have truly had a negative impact on the American people.
Below are some of the major themes that you should consider before accepting that the U.S. government and its extra-governmental entities look after the best interest of the common citizen. These include:
The U.S. Federal Reserve
Where to start? As we have written about extensively on our blog, America’s central bank is responsible for the very volatility and market disruption that it was created to prevent. Think back to the days before the turn of the century – yes, there was market turbulence and businesses lost their money, but those are free market phenomena and should not be interfered with by federal officials. Since its establishment in 1913, the Federal Reserve has overseen a decline in the U.S. dollar’s value by over 90 percent. Sound like a coincidence? In the intervening years between the Second World War and the Financial Crisis of 2008, the Fed presided over one of the longest periods of credit expansion at the sake of true economic growth. Relaxed interest rates over decades led to financial opportunism that nearly – or, as some say, already has – bankrupted our great nation and exposed independent-minded citizens to untold economic uncertainty. Let Great Wealth Strategies help you identify ways to avoid or even profit from the Fed’s grand mistakes.
The Internal Revenue Service
Ever since Nixon’s failed second term as president, the IRS has been vulnerable to political influence on a terrifying scale. The Obama administration has taken full advantage of the wide set of powers the IRS holds, including using auditors to pressure political groups into action or, in the case of the 2012 tax-exempt status scandal, keep them from actually participating in public discourse. The revelations – which continue to this day – show how the IRS is far too easily turned into a tool of the government to oppress its citizens.
Obamacare
The Patient Protection and Affordable Care Act, known by its opponents as Obamacare, is as terrifying as critics say it is. In the past few months alone, Americans have watched as the Obama administration and the U.S. Department of Health and Human Services have kicked back deadlines one-by-one, many of which were designed to keep consumers safe from predatory insurance companies. With employers off the hook for their mandate for a year – while individuals are still being coerced into buying a service or paying a tax – the American people are facing enormous fiscal uncertainty at a time when they need it the most. Obamacare’s complicated relationship with the IRS, coupled by reported problems with information security that could create a scam artist’s dream, have proven that federal intervention into private healthcare has been a problem since Day One.
The President Himself
President Barack Obama has proven to be quite a different chief executive than expected by many of his supporters. Instead of operating a transparent government – by the people, for the people – he has embarked on a policy regime that in many ways reflects the most terrifying choices of the Bush administration with alarming revisions of strategies that appear to be pulled out from the scariest parts of the Clinton/neoliberal playbook. Illegal war interventions, punitive tax policies and uncertain domestic reforms have, together, painted a picture of a president simultaneously obsessed with crushing his political opponents while delivering the promises made to his most ardent – and wealthy – supporters. The result: A country painfully in need for independent thinking and personal responsibility.
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If what you have read makes sense to you, reach out to Great Wealth Strategies today. Our personal investment platforms, such as cash flow real estate purchasing and automated trading software installation, makes sense for folks who know they have to protect themselves in tough economic times.
By. Erik Henyon