Obamaism: American Brand Socialism

Back during the campaign, John McCain and Sarah Palin blasted Barack Obama for his socialist policies, and were attacked for it.  NY Governor David Patterson even went as far as to say that the term “socialist” was a code word to mean “black”.

Looking back on it, they weren’t to far off, where they?

From Marxism, came Leninism, than Stalinism.  If you continue your way down the tree of communism, you find “Obamaism”.  There is no other way I can find to describe this mans economic policies.

Anyone who has even thought about entering the stock market wishes they could find that one magic stock that makes them rich practically over night.  The hunt is always on for the “next Google” that can shoot up, seemingly out of nowhere, to become a high triple digit per share holding.  The reality of the situation is that it is practically impossible to make large sums of money in a short amount of time by any legal means.  But, unfortunately, you can lose money in a blink of an eye.

This is why the rich are so rare.  It is not easy to become them, as it takes hard work, education, and a whole lot of luck.

Now, President Obama has gone where no American President has dared to venture.  He has forced Rick Wagoner, the CEO of General Motors, to step down.  The President has asserted his power, and now anyone who steps into to Wagoner’s place will be nothing more than a puppet.

President Obama is also giving Chrysler 30 days to join forces with Fiat and become profitable.  The company has been losing money for years, and the White House expects it to become profitable in a month.  If it was that easy, don’t they think it would have already have been done?

Can we give President Obama 30 days to make Washington profitable?  Maybe just make his administration profitable?  Or even get more than 1 day of positive reaction from the market?  If he can’t, then we should stop paying taxes.

It’s been over 3 months Mr. President.  Your policies have not worked to the slightest degree.  You have waged war on the economy and you have lost.  Count your losses and give up.  Do so before you cripple more lives of the same Americans your trying to “save”.

It’s funny really.  I thought the President wanted to “spread the wealth around” and play Robin Hood.  Oddly enough, he’s not taking from the rich and giving it to the poor and middle class.  He’s taking from the poor and middle class to give to the rich that which they have already lost.

With bailout after bailout, into the same sectors of the government, the President is not only acting like an unwise investor, he is also doing it with his own fortune, or any other investors.  He is doing it with our money.

But really, should we be shocked?  The taxpayers have been bailing out Washington since it went bankrupt back under the “great” Franklin Delano Roosevelt.  Back then, the government forced us to accept a plan that gave them a credit card with no limit, for which they never have to worry about a bill.  It’s like handing your wallet to you teenager with no super vision.  It’s nothing more than legalized stealing.

One of the criticisms of GM is that they stopped making money because their cars were gas guzzlers, which were no longer right for the current market setting.  Does that sound like a company that should be kept around?  Washington has put on life support a company that is out dated, when it should have signed the DNR waiver.  All they are doing is clogging up Detroit with failed ideas, and not making room for the new ones.

The free market is alive.  Just like everything else that lives, it gets sick, it gets old, and it dies.  GM is more than a sickness.  It is an economic cancer.  There is no cure; the only option is to have it removed.  Instead, the White House has decided to try and test for a cure on a current patient.  In doing so, they are treating a now terminal illness with nothing more than bandages.

But the beauty of the free market, is that after it dies, it is reborn.  By not allowing the market to die, Washington is also not allowing it’s rebirth, a rebirth that would bring with it a stronger economy filled with new ideas.

Instead, Washington has finally crossed the line that was considered, by many conservatives and libertarians, to be the most sacred of them all – the line that divides the private sector from the public sector.  At this point, those at GM are nothing more than government employees thanks to a forced seizure of a privately owned entity.

What’s to stop this from happening again?  How long until Obama forces a change of leadership at AIG?  Is this really the path we want to follow?  Everyone can agree that Washington can’t even run itself correctly, now we’re supposed to let it run our market?

If forced public ownership of formerly privately held organizations isn’t socialism, what is it?

Marx was right.  After capitalism comes socialism.  He just expected a working class revolution.  If this keeps up, we may need that working class revolution after all, just against socialism, and for capitalism.