Calvin Coolidge

America no longer enjoys a peacetime economy.I speak not of Iraq or of Afghanistan .I speak of the class warfare economy officially imposed on the nation in Barack Obama 's Osawatomie speech.I say "officially" because this speech is merely a logically outgrowth of Obama's long-held redistributionist ideology, finally manifested in the "spontaneous" "Occupy Wall Street" movement—the  phony rage aimed at "one percenters" who fail to "pay their fair share in taxes"—phony, because if it were real, it "Occupy Wall Street" would move uptown and become "Occupy General Electric."Such class warfare is much older than Obama or OSW or Osawatomie. It has been practiced worldwide—from Bolshevik Russia and Maoist China to Huey Long's Louisiana to Evita Peron's Argentina to Hugo Chavez 's Venezuela to the bankruptcy of contemporary Greece . It has been tried everywhere. And has failed everywhere. It leads to the guillotine—and, ultimately, back to the poor house.It is demagoguery built on resentment ...

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