The one-minute spot, which began airing Wednesday and will continue through Election Day, has no mention of any specific politician or lawmaker. It’s simply a plea for an end to what he sees as growing hostility to personal success – and to vote Republican.
“America’s wealth comes from the efforts of people striving for success. Take away their incentive with badmouthing success and you take away the wealth that helps us take care of the needy,” he says in the commercial.
Peterffy was born in Budapest in 1944 during the deadly Soviet offensive that ended in the capture of Hungary’s capital the following year. From then, the republic remained under communist control until it gained independence in 1989.
The new ad features images of Peterffy as a child in Hungary and the impoverished conditions in his native country.
“As a young boy, I was fantasizing about one day going to America, making a success of myself. The American Dream,” he says.
Peterffy left his country and moved to New York in 1965, where-without knowing English–he got a computer programming job on Wall Street. He later purchased his own seat on the American Stock Exchange in 1977 and, fast forward a few years, found himself the creator of Interactive Brokers, one of the first electronic trading firms.
Forbes Magazine now estimates Peterffy, 68, has a net worth of $4.6 billion.
Via Ace, who quotes a commenter who wants Peterffy to “go study social sciences.”
“The point is, though, that — and it’s not just charity, it’s not just that I want to help the middle class and working people who are trying to get in the middle class — it’s that when we actually make sure that everybody’s got a shot – when young people can all go to college, when everybody’s got decent health care, when everybody’s got a little more money at the end of the month – then guess what? Everybody starts spending that money, they decide maybe I can afford a new car, maybe I can afford a computer for my child. They can buy the products and services that businesses are selling and everybody is better off. All boats rise. That’s what happened in the 1990s, that’s what we need to restore. And that’s what I’m gonna do as president of the United States of America.
“John McCain and Sarah Palin they call this socialistic,” Obama continued. “You know I don’t know when, when they decided they wanted to make a virtue out of selfishness.”
Once he is sworn in, expect Obama to move on multiple fronts to intimidate or silence critics. He has expressed opposition to renewal of the Fairness Doctrine, an action that would all but destroy Talk Radio and cripple the expression of conservative dissent. But he could accomplish much the same effect by imposing ownership caps and other measures, as Jesse Walker pointed out recently:
“There’s a host of other broadcast regulations that Obama has not foresworn. In the worst-case scenario, they suggest a world where the FCC creates intrusive new rules by fiat, meddles more with the content of stations’ programs, and uses the pending extensions of broadband access as an opportunity to put its paws on the Internet. At a time when cultural production has been exploding, fueled by increasingly diverse and participatory new media, we would be stepping back toward the days when the broadcast media were a centralized and cozy public-private partnership.”
The conservative non-profit and think tank communities will also be targeted. The Clinton administration used IRS investigations of trumped-up charges of tax exemption abuse to force The Heritage Foundation, Cato Institute and other other major conservative tanks to spend millions of dollars and countless man-hours defending themselves and their donors. That diverted millions of dollars worth of resources that could have otherwise been devoted to making the case against Slick Willie’s liberal policies.
Expect the same from the IRS under Obama, plus even more aggressive efforts in the form of attempts to impose racial and other quotas on think tanks at their director and management levels, via regulatory changes in tax-exemption administration. Legislation to do this in California at the state level is already progressing in the legislature there, so similar federal efforts are a virtual certainty.
And business community organizations like the Chamber of Commerce and National Federation of Independent Business shouldn’t think they will be exempt, either. The same exemption regulation that will be used to throw Heritage and Cato back onto the defensive will be deployed against business associations.
Ditto for defense and other firms doing business with the government. Expect massive increases in regulatory interference in the way these companies do business, including particularly their hiring and firing processes. Davis-Bacon’s “prevailing wage” requirements on federal contractors are a mere taste of what an Obama administration will do to insure company executives think twice before criticizing Obama policies in internal communications or in comments to the media.
Won’t the First Amendment prevent the creation of this Caracas on the Potomac? Well, ask yourself this: How effective was it in preventing the imposition of speech codes that effectively silence so much dissent from the liberal orthodoxy on the typical American campus?