Obama's Plans

I don't see how you can argue that Bush did not introduce socialism in fighting the economic crisis. We nationalized an insurance company (AIG) and the major mortgage entities (Freddie Mac and Fannie Mae). We gave away billions to support banks in trouble and subsidized failed mortgages many of which failed again a few months later. If this isn't socialism what is?

 

I think he is wrong in some areas but can see his point in others. One of the big misconceptions is the idea of "socialism." I think Mr. Morris is being dramatic.

If you want to see socialism first credit the former President Bush for the widest expansion on government, spending, and governmental powers in the history of the union. Then turn to his actions towards the nationalized banking system and control of the commanding heights of the economy.

While I don't expect President Obama to embrace complete free market, laissez-faire economics I find it dubious that he will become a Marxist or Lennist in the next 4 years. We forget the President Clinton came into office on a deeply liberal (economically) platform and ended up being more of a capitalist, free market man than President Bush that preceeded him. (Nobody beats Reagan imho...on so many issues too)

I am deeply concerned about the overtures to nationalizing the banking system by our new President. I'm a big free market guy and oppose the interventionist actions of the recent President Bush. We need to let the markets rebound naturally and not attempt to stimulate them artificially. Also the dramatic infusion of newly printed cash has some deeply unsettling implications. This is what Hoover did that really triggered the Great Depression.

That said I'll hold my complete assessment of President Obama's economic plans until after he is in office for at least 2 years. There isn't much a sitting President can do to truly affect the economy. To my knowledge (and I could be wrong) but he is keeping the chairman of Federal Reserve in place and there won't be a shift in monetary policy from Chairman Bernacke anytime soon.

Other than that, we need to be careful (imho) labeling liberal fiscal policies socialism. I don't see anyone attempting to do what Marx suggested on such a grand scale. But I'm also the same guy who opposes taxation beyond a national flat tax of 15% and minor local property taxation.

 

The op didn't say anything about Bush, only Obama. Having trouble focusing and staying on topic? Seems to happen to you frequently.

As for the article, I guess we'll have to wait and see what really happens. We know Obamas plans, but we don't know God. And as much as some here don't like to admit it, God has more power, and He really is in control, Obama,,,, not so much.

 

We can hope so. :thumbs:

 

Ken, let me congratulate you. You've held this position longer than any other one.

'Tis a silly position, but you've held it.

:saint: :tongue3:

 

That is hardly the point. As liberal as Bush was, the solution was not to elect a radical liberal to solve our problems. The solution was to elect a government that left government out of our lives.

 

Bush.....? I didn't think he is president anymore....is he? Why are all the Christian Dem's (if there is such a thing) always giving him the credit for everything. I thought BO was going to "CHANGE" everything. There is one thing I can't understand, BO has been in office for 1&1/2 days and I still got a notice yesterday that my mortgage was due on the 1st. of Feb? What gives?

 

The USA has been on the path of socialism for a long while.

 

Why didn't I see this before?That's the handle I'm using for the phoney President of the United States. Ol' Bo. Thanks, Fox!

 

That post is right on target. The transfer of power was from liberal to extreme liberal.