A friend who most often sees political issues differently than I recently sent me an excerpt from an article in Daily Finance with the subject line “not bad for a socialist.” The article said Fortune 500 companies’ profits increased 16.4% over last year and exceeded “the roaring economy” of 2006. (Interesting the left was not describing it such in that year’s midterm elections.)
I presume he saw the article as evidence that President Obama is not a socialist. To be clear, I believe it is a mistake to allege Obama is a socialist as it is counter productive. The last generation outputted from the state-controlled school system does not know the meaning of the word. Describing the President as an advocate of big, obtrusive government is descriptive with more impact.
Socialism is defined as an economic system in which the state has ownership or control over the means of production. Control can be acquired through regulation, taxation, public ridicule or other bullying tactics (think Boeing) without ownership (think GM). National Socialists (the real name rather than the acronym) found control more effective than ownership. Without outright ownership a scapegoat is available for politicians to lay blame for problems. Government ownership of BP, in which he was the top recipient of BP PAC and individual money over the past 20 years, would have hampered Obama’s ability to lay blame on the company for the oil spill.
May 11, 2012 | Categories: 2012 Election, Agency Regulation, America's Freedoms, America's National Security, American Exceptionalism, Armed Forces, Balanced Budget, Cap and Tax, Class Warfare, Cloward and Piven Strategy, Congress: Inquiries & Committees, Corruption, Corruption in Government, Deficit, Economic Security, Election 2012, Elections Politics, Employer Uncertainty, Energy and Oil, EPA Regulations, Excessive Government Spending, Fuel Prices, Government, Government Appointments, Government Regulations, Jobs, Liberals Big Spending and Taxes, Most Americans Reject Socialism, National Debt, National Security, New Media News, Politics, Progressives pushing for Marxism/Socialism, Public Sector (Government), Radical Liberal Progressive Left, Redistribution of Wealth, Scandals, Tea Party Conservatives, The Economy, The Environment, Undermining Constitution | Tags: big obtrusive government, Business, capital for entrepreneurs, economy, Editorial, Federal Spending, government, Karl Marx, leftist progressives, National Debt, rebel pundit, roaring economy, socialism, Socialist | Leave A Comment »