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.
Really? I didn't know I posted every day on this and other message boards. I can assure you nobody other than me formed that opinion for me. I have been beating that drum, however, because I believe it is important for people to be realistic about the intentions and methods and motives of those in government. Such should be judged on a) what they say now vs b) what they have said in the past vs c) what they do now vs d) what they have done in the past. Add to that an e) what sort of company do they keep and have surrounded themselves with on their climb to power? Who were their heroes? Mentors? Advocates? Promoters? Benefactors?
While we can legitimately disagree on the ramifocations of this or that word, action, or relationship, to dismiss such concepts as RW rhetoric could be interpreted as intentionally choosing to be ignorant and/or misinformed for ideological or partisan reasons.
The initial bailouts I could forgive as an ill advised and poorly executed pragmatic approach to an economic crisis. And we may already see '1929' consequences which many credible economists now see as being far worse and of much longer duration than would have been the case if the federal government had not meddled to the extent that it did both in the 1930's and now. There is room for differences of opinion about that too of course. The rhetoric of doom, gloom, and recklessness has not come from the right or very little of it has. It was used as a club to instill terror in the people, perhaps such as yourself, so that government could claim justification for actions that many on the right to this day believe was unwarranted and unjustified.
But when you see your government on a course you believe to be wrong headed or intentionally destructive for political/ideological purposes, do you think the people should not be concerned? Angry? Outspoken?
You think Hoover was laizzez faire? An economic concept he conclusively denounced in his own book
American Individualism? Like Obama, Hoover in no way trusted laizzez faire but tried to regulate the economy back to health and, when that failed, toward the end he started trying to spend it back to health on a far lesser scale than FDR, but on a much broader scale than had been done by any previous president. Roosevelt continued with much of Hoover's policies but evenmoreso by trying to manipulate the system and spend the nation back to prosperity.
As previously stated, many credible analysts who have studied this thoroughly now conclude that had Hoover and Roosevelt imposed what regulation was necessary to ensure the solvency of the banks, removed unnecessary regulation and provided incentive for private enterprise to move ahead, the history books would likely have recorded the period as a stock market crash and recession rather than the Great Depression. Again, this is because they theorize that had they encouraged the private sector rather than try to impose more and more government, the Depression would have been far less severe and of far shorter duration.
And now Obama is implementing and magnifying all the failed policies of Hoover and FDR and doing nothing to encourage the private sector to get busy and get the economy moving again.
Obama DID allow GM and Chrysler to fail. He sold the bailout on the claim that bankruptcy was not an option. So we bailed them out and the bankruptcy happened anyway, but with the federal government as the major creditor, Obama could demand reorganization so that the government and the unions would be in charge along with all the baggage that put them in trouble in the first place. Had he left it alone, they could have filed bankruptcy and reorganized without much of the baggage that was causing them 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?
Obama has done nothing but perpetuate the policies that encourage German, Japanese, Chinese, and Korean opportunists to exploit the US market. I doubt you'll be able to come up with a significant policy he has even tried to implement that has strengthened our hand anywhere.
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.
People who borrow over their ability to repay should not be bailed out. Businesses, large or small, who do not succeed should not be bailed out. Would there be much short term pain? Absolutely, but we have had that in the past and we got through it with neighbor helping neighbor and in our core belief that we would overcome difficulty.
A government who rewards incompetence and irresponsibility and punishes success is no friend of the people.