Several pages back, I posted this question to you:
Calling policies of the Obama Administration "reckless socialism" may or may not be a lie, but is it true? Maybe Foxfyre will define socialism, or what he thinks socialism is by suggesting an alternative policy.
You call Obama's 'policy' "reckless socialism"; now, tell us, how and why you use such rhetoric. Define your terms, and then I will provide you with the "illustration" you desire.
Okay. Socialism is a rather broad term in itself and can include various sociopolitical and economic theories of government ownership and administration of the means of production and distribution of goods. In Obama's version, it is illustrated by government ownership of large auto companies and some banks and also assigning ownership to unions, firmly under government control in practice if not by law. It is further illustrated in the government presuming to assign appropriate wages for executives to earn and imposing punative measures on those who fail to toe the line as the government dictates.
Obama seems to be enamored with a soft Marxist view of socialism in which it will be necessary to impose a heavy hand of authoritative government to crush opposition and eventually bring about the collective good. I presume that in his world there will eventually be no rich and poor and all will live happily ever after in eternal gratitude to the great messiah who saved them. He sort of skims over the part, however, where no government has ever willingly passed through the heavy handed stage once it gets there.
As to the alternative policy, I go with the theory of government as proposed by the Founders and great concepts of John Locke, Adam Smith, David Hume, David Ricardo, Voltaire, Montesquieu, and others. The basic principle is that property precedes government and, when acquired legally is sacrosanct. The federal government restricts itself to securing and defending our unalienable, Constitutional, legal, and human rights and then gets out of our way to let us create the sort of society that we want.
I appreciate your response, surprised maybe accurate too. I'll respond to each paragraph, because each presents in a different manner.
As to #2: This paragraph is imho all opinion, and typical of the RW rhetoric posted every day on this and other message boards.
In #1 you lay claim that Obama's response to an economic crisis (can we agree on that?) was 'socialism' which you define as not a single entity, but on a continuum of government control or interference in the markets and means of production. Obama has 'interferred' in the markets, as well as the means of producton, NOT as persumed by many on the right out of ideological desire, but (IMO) as a pragmatic approach to a crisis.
I believe that had Obama not acted as he did, and acted within the Constitutional powers of his office, the economic crisis may have had '1929' consequences. Of course, we are not out of the woods yet, and it is also my opinion that the RW rehtoric of doom, gloom and allegations of "reckless socialism" has retarded economic recovery.
Many on the right - and this includes 'conservative radio - believe a lassiez faire response would have been the correct course, and this was the course of Pres. Hoover - and we know how that turned out. With the '29 crisis and the response by Hoover and Roosevelt as a guide, I side with Obama.
There is not time to respond to your third paragraph, though I will discuss some of the ideas of those you cite.
Adam Smith, as we know posited economic Laws. The first law of the market is Self Interest, and the second, competitition. What if Obama had allowed GM and Chrysler to fail?
How would that have played into our nations economic self interest? German, Japanese and maybe China and Korea would soon further dominate our market, more than they do today. And what of the workers who would have lost their jobs? More homes in default, higher unemployment, more homeless children, more demand on social services and more local and state government failures?
That said, I disagree with the bailout of those banks too big to fail. I would have preferred a bail out allowing homeowners to remain in their homes, and that local banks service the loans for the commuities effected by the crisis. I would have allowed the big guys to fail, and screw the money changers, the bankers and their share holders.
In short, I don't believe the answer to our current economic woes is to rely on an ideology, rather, our leaders need to understand history, and look to pragmatic strategies at first, and long term solutions as we pull back from the precipice.