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Originally Posted by dogzilla
I wasn't referring to Frederick Henderson. I was referring to Rick Wagoner who was thrown out by Obama when Obama nationalized GM.
The White House admitted to booting Rick out.
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No. The White House asked him to resign after the treasury purchased controlling interest in the company. They didn't demand it, he wasn't booted out. They asked. And, just like with Henderson, they had the backing of the board.
Quote:
Originally Posted by dogzilla
I don't know what you call it when a government takes over a company but that alone sounds like socialism to me based on the links I posted previously.
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Quote:
=Dictionary.com]so·cial·ism [soh-shuh-liz-uhm]
–noun
1.
a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.
2.
procedure or practice in accordance with this theory.
3.
(in Marxist theory) the stage following capitalism in the transition of a society to communism, characterized by the imperfect implementation of collectivist principles.
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Source
Nope.
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Originally Posted by Oxford Dictionary
socialism (so·cial·ism)
Pronunciation:/ˈsōSHəˌlizəm/
noun
a political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole
policy or practice based on this theory
(in Marxist theory) a transitional social state between the overthrow of capitalism and the realization of communism
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Source
Nope.
Quote:
so·cial·ism noun \ˈsō-shə-ˌli-zəm\
Definition of SOCIALISM
1: any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods
2a : a system of society or group living in which there is no private property
b : a system or condition of society in which the means of production are owned and controlled by the state
3: a stage of society in Marxist theory transitional between capitalism and communism and distinguished by unequal distribution of goods and pay according to work done
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This one is slightly closer, but it wasn't the means of production and the distribution of goods, it was just temporarily purchasing controlling interest in a corporation which had just gone bankrupt.
Sorry, but it's not socialism.
Quote:
Originally Posted by dogzilla
What is a legitimate complaint? That Obama is a tax and spend liberal, based on his latest plan to give a $100 billion tax break and then raise taxes to pay for it?
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You're saying tax breaks somehow become socialism
when you agree to pay for them?
