Obama and socialism

Write a comment Michael, “Barack Obama is elected, he’s not going to turn the U.S. into a socialist state (at least I don’t think he will) “ Socialism is more than controlling the peoples “social welfare” from cradle to grave. It includes the state ownership of the means of production. The Democrats got the “bail out” bill through Congress. Henry Paulson, a Democrat although he is the Secretary of the Treasury, had the CEOs of the major banks in last week and told them to sell stock in their banks to the government “or else”. Even the ones that are not in trouble (e.g. Wells Fargo: they don’t have the bad loans on their books). There is talk about the government buying stock in the largest insurance company, AIG. And the car manufacturers are going under, partly because of their pension liabilities so there is talk of nationalizing their pension plans. And Maxine Waters (D-CA) threatened that they will nationalize the oil companies. It was the Democrats social engineering with Fanny Mae and Freddie Mac, along with Greenspan’s “easy money” that caused the financial crisis. Now the Democrats look like they are taking control of the whole works in the name of “the workers”. What in the Wide Wide World of Sports gives you “HOPE” that what has already started will not continue if the Democrats get both a veto proof majority and the Presidency under Obama? I love your reporting but I think you don’t understand what is going on here. Regards, Steamboat Jack
Say something here...
You are a guest ( Sign Up ? )
or post as a guest
Loading comment... The comment will be refreshed after 00:00.

Be the first to comment.

Reader support is crucial to this mission. Weekly or monthly recurring ‘subscription’ based support is the best, though all are greatly appreciated.  Many methods are available to keep the work rolling. Click the image for a more info.



Quick Link to Paypal

Recurring Donation

QR Code

QR Code


To support using Venmo, send to:


My BitCoin QR Code

Use the QR code for BitCoin apps:


Or click the link below to help support the next dispatch with bitcoins: