Is Obama Destroying the Economy on Purpose?

Recently, Rush Limbaugh appeared on Greta Van Sustern's popular Fox News Program and accused Obama of destroying our economy on purpose. This isn't the first time this accusation has been leveled. Economist Jim Cramer has certainly implied the same. Author James Simpson has also leveled the accusation.

A pair of radical Columbia University professors by the name of Richard Andrew Cloward and Frances Piven wrote an article published in 1966 that laid out what is now known as the Cloward-Piven Strategy, in which they advocate the destruction of capitalism in America by swelling the American government, and especially the welfare rolls, to the point of collapsing our economy, then implementing a socialist government that takes over private institutions. Cloward and Piven studied Saul Alinsky just like Hillary Clinton and Obama.

Simpson explains that Cloward and Piven inspired the creation of ACORN, which Obama worked for as a community organizer.

While Limbaugh, Simpson and others (including a number of blogs) have a compelling argument, I'm not sure if I'm ready to buy into the idea that Obama is destroying the economy on purpose. Not just yet, anyway. My gut feeling is that the guy genuinely believes in this leftists crap. That he really believes the economy will improve by taking over the auto industry, the banks and health care. He really believes what all democrats believe.

On the other hand, the leftist agenda isn't about making the economy better. It's about spreading around whatever wealth there is. The left doesn't really care whether we have a good economy or a bad economy. That's not the point in their view. The point is making things "fair". Taking whatever economic gains we make and giving it to those who will keep them in power. That's really the point.

I'd like to know your thoughts. Is Obama intentionally destroying the economy? Or is he simply following his leftist principles? Or both?