I’d Rather Be a Socialist (tags)
Where do you stand? Are you a socialist or a capitalist?
Socialist Stewart Alexander: Washington and Capitalism in Shambles (tags)
Since President Barack Obama took office in January, the U.S. economy has gone from bad to worst. Nationwide, home foreclosures continue to climb, consumer spending is down due to the credit crisis, more than 6 million Americans remain unemployed, and while paychecks are shrinking, inflation and gas prices are on the increase. The U.S. economy and capitalism is in a total mess.
Obama Draws Fire from Socialists and Conservatives (tags)
Socialists and conservatives alike believe bigger government and heavy spending is not the answer to restructuring the U.S. economy; and even though the ideas of socialists and conservatives are vastly different, both groups are opposing the president on his enormous spending proposals that are lacking any clear plans on how to revive the economy and limit an ocean of future debt for the nation.
U.S. Socialists: Obamanomics offers little hope for working people (tags)
Considering the track record of the government bailouts to save the “free market,” socialists believe an additional $2 trillion will not ease up credit markets and will do little to ease the on-going national economic crisis. Congress has presently invested more than $2 trillion since February 2008 to free up the credit markets; however, the credit markets remain as frozen as Antarctica.
Alexander: Food Lines Show Signs of National Depression (tags)
According to Reuters, “The previous record for food stamp enrollment was 31.6 million last September, which included “disaster” stamps for states hit by hurricanes and floods.” Today’s disaster, that has increased that number is the U.S. economy; even with the government bailouts totaling close to $3 trillion, the U.S. economy is in freefall and the lines for food stamps and unemployment benefits continue to climb.
Alexander: Socialists Say Nationalize All U.S. Banks (tags)
Former Federal Reserve Chairman Alan Greenspan thinks it’s necessary to temporarily nationalize some banks. Federal Reserve Chairman Ben Bernanke in recent statements has indicated that the nationalization of some banks may be necessary under certain conditions, and many economic analysts believe nationalization is only a matter of time; however, socialists nationwide say nationalization of all U.S. banks is now necessary to achieve a national economic recovery.