YouTube: Obama Wants Us To Take "Pitchforks" To A "Rich Guy's House And Take His Stuff"

"The budget is not the only thing in deficit today, as a paucity of leadership has left the country without a stable framework in which businesses can conduct business, investors can invest, and consumers can consume without a high degree of uncertainty and fear," hedge fund manager Dan Loeb writes in a letter to his clients at Third Point.

Barack Obama is fueling class warfare with scare tactics over the debt-ceiling and other issues, says Loeb.  Obama has proposed tax hikes as part of his plan to narrow deficits in exchange for congressional approval to lift the ceiling, although he has been scaring people on what might happen if he doesn't get his way.

"Scaring senior citizens about the possibility of not receiving their Social Security and Medicare checks, lambasting the corporate jet industry, and calling for higher taxes on managers of private partnerships is not a constructive approach to handling a multi-trillion dollar problem that will have a multi-generational impact," Loeb says.

"It's increasingly difficult to avoid that conclusion that while Washington burns, President Obama is fiddling away by insisting that the only solution to the nation's problems — whether unemployment, the debt ceiling or deficit reductions — lies in redistribution of wealth."

YouTube Representative James Lankford (R-OK):

"I'm very frustrated. The President's speech last Monday night felt like to me he was saying 'everybody, go grab your pitchforks, run to a rich guy's house and go take his stuff because he's the problem or she's the problem. If they've got a jet, they're what's holding back the economy. And it's just the opposite. A lot of those people are the job creators," says Lankford.

Both Loeb and Lankford are telling the truth.  The community agitator is in over his head.  Obama is clueless about the economy.  His goal is to destroy our economy so that he can remake America into a Third World socialist country.

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