McCain and Obama both support free enterprise. They also both clearly support a progressive tax system, but argue about where to draw certain lines: a progressive tax system meaning wealthy people expected to contribute more. The question only is how much more. They both support government intervention when necessary to prevent a crisis.
Obama was just endorsed by The Economist. They worry a bit about a Democratic controlled Congress, which is likely to be a lot more liberal than Obama’s presidency. Will Obama stand up to them if necessary? I think he will. Will he represent the concerns of workers and poor and middle-class Americans more than Bush has or McCain would? Very likely, yes. Is that sufficient to make him a socialist? Are you kidding me?
Clearly both candidates both support certain socialist programs in very small doses. But in neither candidate do I see a wholesale desire to capture property and profits from private individuals or corporations. Neither has proposed large-scale nationalization of currently privately-held assets. Neither has any sort of background showing sympathy for any real socialist causes.
As an Obama supporter, I am also convinced that he will (unlike Bush) remember that he is President of the United States, and not President of the States that Voted for Him. But that carries us into a different thread. Suffice it to say, I am convinced Obama will not neglect or undermine the basic essentials of our free-market economy.
There’s bountiful evidence of Obama’s fundamental support of the free market, and nothing specious inferences to the contrary. Can we please put this “Obama is a socialist” canard to rest?
I’m annoyed enough about this to almost open a Pit Thread, but let’s keep this civil.
What are concrete examples of Obama being a capitalist? Are there any concrete examples of Obama being socialist? I want some firsthand sources, here. No “Obama is secretly a socialst and is only pretending to be a capitalist” nonsense, please.