As President Barrack Hussein Obama continues to press his radical socialist agenda on an America that wants no part of it, the question in the minds of millions of Americans forms: "Is Obama the new Salvador Allende?"
Salvador Allende was a Communist piece of human trash who secured power in Chile and proceeded to destroy a functioning democracy.
He gained power in 1970 with a bloc of Socialists, Communists and radicals supporting his bid for the presidency. From there, he proceeded to try to transform Chilean society from a democratic government into rank socialism.
Allende nationalized the banks, the copper companies , expropriated large agricultural estates and turned them into peasant cooperatives in his attempt to redistribute income.. He printed currency to support unsupported government debt, resulting in stagnant production, decreased exports and private-sector investment, exhausted financial reserves, and rising inflation, food shortages and the elimination of foreign lines of credit from the United Sates and Europe.
At the same time, he forged alliances with Communist China and Cuba. Finally in 1973, the Chilean military overthrew him in a coup. Since then, Chile has returned to functioning as a democratic republic that has become the most prosperous state in Latin America and a model for the world in general.
America must learn from history and realize that Barack Hussein Obama has placed us on the same unsustainable path that Allende did in Chile.
SOURCE
Salvador Allende was a Communist piece of human trash who secured power in Chile and proceeded to destroy a functioning democracy.
He gained power in 1970 with a bloc of Socialists, Communists and radicals supporting his bid for the presidency. From there, he proceeded to try to transform Chilean society from a democratic government into rank socialism.
Allende nationalized the banks, the copper companies , expropriated large agricultural estates and turned them into peasant cooperatives in his attempt to redistribute income.. He printed currency to support unsupported government debt, resulting in stagnant production, decreased exports and private-sector investment, exhausted financial reserves, and rising inflation, food shortages and the elimination of foreign lines of credit from the United Sates and Europe.
At the same time, he forged alliances with Communist China and Cuba. Finally in 1973, the Chilean military overthrew him in a coup. Since then, Chile has returned to functioning as a democratic republic that has become the most prosperous state in Latin America and a model for the world in general.
America must learn from history and realize that Barack Hussein Obama has placed us on the same unsustainable path that Allende did in Chile.
SOURCE
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