Mind and Destiny

“I make no pretension to patriotism. So long as my voice can be heard ... I will hold up America to the lightning scorn of moral indignation. In doing this, I shall feel myself discharging the duty of a true patriot; for he is a lover of his country who rebukes and does not excuse its sins. It is righteousness that exalteth a nation while sin is a reproach to any people.”- Frederick Douglass

Location: Delhi, N.Y., United States

The author and his webmaster, summer of 1965.

Saturday, March 26, 2016

Socialism Isn’t Communism

The traditional definitions of socialism includes the government taking control of huge chunks of the economy and allocating resources.

After the 1929 stock market collapse Republican President Hoover insisted on a spending freeze during the Great Depression.  By 1933, nearly 24.9 percent of Americans were unemployed.  Therefore, Democratic President Franklin Roosevelt began taking control of huge chunks of the economy by allocating resources in order to end the Great Depression and eventually win WW II. 

During the 2008 presidential campaign, Senator John McCain insisted Obama’s tax plan seems to be socialism, because the idea of increasing taxes on people making more than $250,000 and giving a tax cut to lower income earners was socialist ideology.  However, McCain voted for a $700 billion bailout of banks, which was actually much more socialistic than Obama’s tax policies.

The Bush administration had transformed America into a country where there was socialism for the rich, but no health care for those on Main Street.  Wall Street profits remained privatized, but losses were socialized.

When Obama took office, we were loosing 700,000 jobs a month.  Consequently, he and congressional Democrats passed the Recovery and Reinvestment Act on February 13, 2009. 

Initially, President Obama has able to reverse the job losses, but congressional Republicans, who gained control of the Senate and House obstructed further progress.  The Republican party has always been about the wealthy elite designing schemes, which their representatives in Congress and the White House use to put more wealth into hands of a few.

In 2009, Economist Jeffrey Sachs wrote in “Fortune” magazine: “America can pull through the current economic crisis with a dose of political maturity and a bit of luck.  Success will mean the end of the Reagan era, of an ideology that has brought the country to its knees.”


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