Saturday, November 15, 2008

Capitalism vs. socialism

From now until the last dog dies, the wingnut media will be after Barack Obama and the Democratic Congress about their socialistic plans for America. But despite the rhetoric of Adam Smith et al., what kind of capitalism are they afraid of dismantling?
  • Borrowing money from China and Saudi Arabia to give out $600 checks so people can buy more stuff from China and Saudi Arabia.
  • Giving $700 billion to banks and other investment firms to do with as they like.
  • Subsiding corporations for their losses; tax breaks so they can keep more of their gains.
  • Installing an official state religion (Halliburtonism),
Damn, this socialism you talk about -- investing in people, supporting families, investing in communities -- that sounds terrible. Is the government really gonna take away my bass boat?

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