Beware lest anyone cheat you through philosophy and empty deceit, according to the tradition of men, according to the basic principles of the world, and not according to Christ. Colossians 2:8
REMARKS BY THE PRESIDENT ON THE ECONOMY
The White House, Office of the Press Secrectary
I want every American to know that each action we take and each policy we pursue is driven by a larger vision of America’s future — a future where sustained economic growth creates good jobs and rising incomes; a future where prosperity is fueled not by excessive debt, or reckless speculation, or fleeting profits, but is instead built by skilled, productive workers, by sound investments that will spread opportunity at home and allow this nation to lead the world in the technologies and the innovation and discoveries that will shape the 21st century. That’s the America I see….
[Notice the absence of any reference to entrepreneurial ventures — the individual ingenuity and personal efforts that has been the praise and envy of the world. Instead, he emphasized the management of “workers” — the key vision of totalitarian socialism.]
…since the problems we face are all working off each other to feed a vicious economic downturn, we’ve had no choice but to attack all fronts of our economic crisis simultaneously.
The first step was to fight a severe shortage of demand in the economy….
Second, I absolutely agree that our long-term deficit is a major problem that we have to fix. But the fact is that this recovery plan represents only a tiny fraction of that long-term deficit…..
Finally, to coordinate a global response to this global recession, I went to the meeting of the G20 nations in London the other week. Each nation has undertaken significant stimulus to spur demand….
It is simply not sustainable to have a 21st-century financial system that is governed by 20th-century rules and regulations that allowed the recklessness of a few to threaten the entire economy….
[In the next section, notice how God’s Word is taken out of context and used to substantiate a global socialist economic system. But his fallacious arguments have nothing to do with actual economic realities:]
Now, there’s a parable at the end of the Sermon on the Mount that tells the story of two men. The first built his house on a pile of sand, and it was soon destroyed when a storm hit. But the second is known as the wise man, for when “the rain descended, and the floods came, and the winds blew, and beat upon that house, it fell not: for it was founded upon a rock.” Click here to read this entire article.