Newsweek: "We are all socialists now"
Winningreen Issue Alert A020909
Newsweek claims “We are all socialists now”
By Gretchen Randall
Date: February 9, 2009
Issue: The cover of this week’s Newsweek magazine trumpets what many have been warning for a long time — the tendency of America, bit by bit, to become more socialist. Now, the Obama administration is taking us even further along this path (though the Bush administration also made a huge step in that direction last fall in partially nationalizing the financial system.) In addition, former President Bush’s action of adding prescription drugs to Medicare also pushed America towards socialism.
In fact, in 2010 U.S. government spending is “expected to be 39.9 percent of GDP [gross domestic product]” compared to 47% of GDP in Europe. The French must be laughing at us trying to promote capitalism around the world. http://www.newsweek.com/id/183663
Comment 1: According to Bloomberg News, we could pay off more than 90% of all home mortgages in the U.S with the amount of money President Obama wants to spend on the stimulus. Talk about putting money back into the economy!! With people spending the money they previously paid on their mortgage you’d soon see a growing economy.
Comment 2: As we’ve often said of the Democrats in control of our government, it’s not about stimulating the economy but about growing government with programs that will be difficult to undue in future years. Read about items in the stimulus bill that take us closer to nationalized health care: http://www.winningreen.com/site/epage/73615_621.htm
Contact: Gretchen Randall
3712 N. Broadway – PMB 279
Chicago, IL 60613