Welcome to Obamunism

Since Chairman Barack took office...

• Nationalized the worlds largest insurance company
• Nationalized the countries 2 largest mortgage providers 
• Took a controlling stake in the banking industry
• Forced CEO's of the Banking and Auto industry to resign
• Took a 70%+ ownership in GM
• Forced Chrysler into bankruptcy and forced a sale to Italian Fiat
• Proposed and passed the largest budget in the nations history 

...and what do we have to show for it?

The latest increase raises federal obligations to a record $546,668 per household in 2008, according to the USA TODAY analysis. That's quadruple what the average U.S. household owes for all mortgages, car loans, credit cards and other debt combined.

"We have a huge implicit mortgage on every household in America — except, unlike a real mortgage, it's not backed up by a house," says David Walker, former U.S. comptroller general, the government's top auditor.

So whats next? My predictions:

• Tax payer funded health care for all - its already been drafted and making it way through Congress. Its going to make private health care impossible to afford and push the entire nation into socialized health care. 
• Student loan debt forgiveness - all the 'crushing' debt that thousands of liberal arts majors took on to pay for their private university educations and advanced degrees that left them with low paying jobs is going to get a bailout from Joe Taxpayer
• 401k 'reform' - first the maximum contribution will be capped and then reduced. Then existing 401k's will be taxed and absorbed into a federally manage pension plan (that 'reform' has already been drafted in congress btw)
• Cap and trade - instant tax on everyones energy needs. Money is dumped into renewable pipe dreams. That bill is also making its way through congress
• VAT tax - yep, just like the EU. National Sales Tax, but instead of being used to offset or reform the income tax it will be used in conjunction with the exiting income tax. Mark my words, Obama will call this tax code 'reform'.
• Fairness Doctrine - except it won't be called the fairness doctrine. The first target will be AM Radio, followed by cable and then the internet
• Income Tax increases for families making more than $200k - Another major campaign promise will be broken
• Repeal of the 2nd Amendment - except it won't repealed, loops holes will be opened up which will nullify the 2nd Amendment. That will be the most dangerous and scary thing yet. Talk about slippery slope. Sotomayor has already legislated this.  

Welcome to Obamunism.