Quote:
Originally Posted by dogzilla
I'll accept all of the above except 'not a socialist'. His nationalization of GM and Chrysler, and his insistence on controlling the salary and bonuses of executives sure seems to meed the Wikipedia definition of socialism. As far as his government enforced redistribution of wealth by programs like cash for clunkers, new homebuyer credits, forcing mortgage writedowns, etc, that sure sounds socialist to me. It clearly is not capitalism.
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you prefer the capitalism version of wealth redistribution (i.e. all wealth flows upwards, creating a small, elite upper class and an enormous, underprivileged lower class)?