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Date Posted: 20:55:08 10/20/08 Mon
Author: SB
Subject: Wouldn't you agree
In reply to: Terry 's message, "This country has a long history of socialism" on 14:48:30 10/20/08 Mon

that President Bush's bailout plan was socialism?

I've been trying to read up a lot more on economics and this is not directed at you Jeannine but when Obama talks about his plan for raising taxes on the 5% of the richest Americans (who were the recipients of the greatest 'redistribution of wealth' with the tax cuts for them since Reagan) and then gives tax cuts to 95% of working people how is it that that is called socialism, but when the government bails out these financial institutions who have spent the last decade being severly incompetent (and GREEDY), that's been called "shoring up the economy"?

Aren't all taxes “redistribution of wealth?” The question is, do we want to keep distributing it UPWARD or do we want to actually have a middle class in ten years? The middle class is the foundation - when it begins to crumble the whole house is at risk. I've read Capitalism regulates greed. Socialism prohibits greed. As Gordon Gecko says, greed is good and all, but our capitalist society has not done it's job in regulating greed, probably because the people who have run it are GREEDY (duh-LOL). I do not believe Obama IS a socialist as I understand the term to mean. They like to use that term because the "C" word is associated with it. It goes along with the continuing fear tactics of that campaign...but I digress.

In the end there must be middle ground there and whoever wins the election will have a nightmarish 4 years. Let's not forget there IS a voting Congress also...not just a President who can project a certain will upon the people on his own.

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