Despite trillions in ill-advised and unfunded government “stimulus” efforts here and abroad, the world economy continues to slip further into the abyss and global socialists can’t figure out why their record wasteful spending isn’t causing the free-market to jump with joy.

When socialist and communist countries try to slow down the communist spending spree coming from the US President, you have a real problem on your hands. The world is dependent upon US productivity and prosperity, looking to the US to lead the way on free-market economics.

But instead, Russia, France, Germany and Britain are in a state of shock as free-market America seems hell-bent upon self-destruction under the same leftist economic fantasies that bankrupted their countries, not to mention US bastions of Marxism like California and Washington DC.

When socialist countries are frightened by the extreme socialist agenda of the US president, it’s time to take a closer look at that president and his policies.

The world is watching America and waiting to see how American businesses and consumers respond to policy decisions. So far, Americans are frightened by Obama’s promise to punish the productive for benefit of the parasite. Daily presidential promises to spend trillions more on Fed confiscated industries leaves the people with nothing to feel optimistic about.

Businesses are taking a defensive posture in preparation for a continued onslaught of Federal waste that will be dumped on their doorstep in increased taxes and reduced freedoms sooner or later. Democratic Socialists of America led by the Congressional Progressive Caucus and Congressional Black Caucus have made it quite clear that free-market capitalism is an outdated and unwelcome idea in America circa 2009. That’s the message driving the economy into the toilet, and business owners and investors alike, hear that message loud and clear.

As Obama starts to push his second “stimulus” package after the last two failed, a trillion under Bush and another trillion under Obama, even socialists around the world are trying to put the brakes on Obama.

European leaders know what Obama has yet to figure out. Government can only wreck economies, they can’t fix them. The deeper they weigh in, the more they destroy.

EU socialists have already learned that capitalist investors will NOT invest in government power busy strangling the life out of private industry. The more governments grab grasp and control over the economy, the more capitalists investors flee from that system.

Obama and his foolish followers actually believe that private investors will risk personal wealth on government run industries in which the Fed wants to limit return on investment in order to “redistribute” their wealth.

They can’t comprehend why American business owners, investors and consumers are not buying into their global socialist One World plan for complete destruction of the free-market capitalist system that has fed the world for more than 200 years.

According to G-8 reports, “Emerging countries like China will lead the way, expanding 4.7 percent next year, the IMF said today, up from an April prediction of 4 percent. The Washington-based lender forecast growth of 0.6 percent in the advanced economies, up from expectations of stagnation.”

In other words, countries emerging FROM communism or socialism and beginning to embrace capitalism, like China, will lead the economic recovery. So why is Obama forcing the US economy into the tank by way of his Marxist spending spree instead?

Imagine that... Red China leading the world in free-market economics as the US slips deeper and deeper into a global socialist abyss?

Obama said that his first trillion in socialist spending would keep the unemployment rate below 8%. But the G-8 reports – “In the U.S., a jump in the jobless rate to a 26-year-high of 9.5 percent in June and a 6.9 percent drop in the Standard & Poor’s 500 Index in the past month raised questions whether Obama’s $787 billion stimulus package is turning the world’s largest economy around.”

The leftist concept of Federal bailouts of the US economy is failing in first class fashion. Yet Obama’s answer is to do more of the same, even though the G-8 partners are saying, “not so fast!”

As Obama pushes for a global solution to a Democrat created American crisis, the G-8 partners are taking an “every man for himself” approach. Obama will once again, come home empty handed with his tail between his legs, as international leaders snicker behind his back.

“Democrats in Congress are split over whether to spend more, adding to a deficit that the IMF puts at 13.6 percent of gross domestic product in 2009, the highest since World War II.” - And congressional Republicans can’t muster the backbone to take a constitutional approach to solving the crisis created by seventy years of leftist intrusions into the market.

Government investment is taxpayer investment. Obama’s “jobs” plan is to create more government jobs at taxpayer expense, guaranteeing that an already abusive tax system will become even more punitive just to keep pace with out of control spending.

Still, Obama and his foolish minions can’t figure out why businesses and investors are retracting from the not-so-free market, and consumers are scared for their jobs.

Creation of government sponsored jobs is a double hit. It removes private sector jobs where taxpayers live and demands even higher taxes to meet the new payroll increases of government. California is a perfect example of how that turns out in the end.

In fact, based upon Californians recent rejection of every effort to increase California taxes to avoid certain financial collapse of a great state, California might be the first shot fired upon socialist government mentality. The people of California are ready to let their state government go belly up, just to stop the insanity.

For decades, California led the nation in extreme left regulatory and tax policies. Now California may be the first to hit rock bottom, and then the first to reverse course back to the free-market concepts that once made America and California great. If it’s working for Red China, why not try it in Red California?

I’m not an economist, but I know what happens when you strangle the life out of the free-market system with excessive regulation, government intrusion and punitive taxation. It dies... Ask a Californian, now receiving IOUs from a bankrupt state house.

If Obama’s leftist losers really want to be kept in the lap of luxury by the federal treasury, they had better not let the federal treasury go the route of the California treasury. They are going to have trouble eating IOUs.

EU (a socialist government) spending will rise from 2.3% of GDP to 6%. Obama has already pushed the US beyond 13.6% of GDP, and he’s just getting started.

Obama is either intentionally destroying the Unites States, or his blank résumé is really starting to show in his unparalleled gross ignorance of economics and foreign policy. Either way, he’s becoming increasingly dangerous to America and the free world and even EU socialists can’t seem to slow him down.

While we’re at it, why not see if those expenditures are delivering the desired results before we “stimulate” anymore? If they were working, consumers would be spending, businesses and investors would be risking capital on future earnings and the economy would be turning around. That isn’t happening...

I sure hope Obamatrons get a clue soon. Every new penny in federal spending equals a dollar in new taxation. The Fed has never failed to bankrupt a single government run program and now they are running banking and auto manufacturing, while demanding the power to run insurance and health care as well.

How many things do they have to bankrupt before they realize that intelligent business owners and investors will retreat from a government controlled economy like it’s the black plague? When investors retreat, jobs are lost and tax revenue evaporates, leaving the country in worse and worse condition until it collapses under its own weight.

The US Stock Market has lost another 500 points just in the last few days, as investors anticipate more government intrusion in the market, coming out of the G-8 meetings.

Market thugs like George Soros, who have become billionaires on the destruction of economies and currencies all over the world, will continue to take short term profits from government manipulations of the market until there is no market left to ride. But true investors seeking solid profits and dividends over long term productivity will continue to retreat from a market increasingly run amok by Washington lawyers.