The Socialist Agenda

According to Dictionary.com, socialism is:

Any of various theories or systems of social organization in which the means of producing and distributing goods is owned collectively or by a centralized government that often plans and controls the economy.

According to Marxist theory, socialism is an intermediate stage betweem capitalism and communism characterized by the imperfect implementation of collectivist principles in which collective ownership of the economy under the dictatorship of the proletariat has not yet been successfully achieved.

So, the question I have is this. Do you think that Obama has a socialist agenda based on this definition? Let’s cite a few facts.

The healthcare bill is an attempt by the federal government to provide insurance coverage for all Americans if you were to only listen to the news reports. However, if you were to read the actual bill itself, the government is mandating insurance coverage, setting minimum standards for coverage and quality of care, dictating types of research that must be conducted, and ensuring access to end-of-life care. (…tell grandma whether to get the treatment or take a pill…)

The automotive industry was the benficiary of a huge bailout. The U.S. government is now the current owner of approximately 60% of General Motors.  They forced out one CEO and installed another one in his place. So, not  only does the government own the company; they hired the new CEO. They also provided backing for warranties offered by both GM and Chrysler. They also determined GM was too big to fail while Chrysler was too small to survive.

According to a New York Times article written in 1999.  The housing industry takeover was initiated by the Clinton administration in an attempt to expand home ownership. According to Franklin Raines, ”Fannie Mae has expanded home ownership for millions…”Yet there remain too many borrowers whose credit is just a notch below what our underwriting has required…” So, this was clearly initated by the Clinton administration. Now, the Obama administration now proposes taking on these loans, on behalf of people who truly didn’t qualify in the first place, according to an Associated Press article.

FYI- The Bush administration attempted to correct the problem, but did not have enough control over Congress to stem Democrat opposition. It started in 2001 when the Bush administration warned that the “…financial trouble of a large GSE (such as Fannie and Freddie) could cause strong repercussions in financial markets, affecting Federally insured entities and economic activity.”  In 2003, the Bush administration asked Congress to enact legislation to provide supervision over Fannie and Freddie. Barney Frank (D-MA) responded by saying, “these two entities – Fannie Mae and Freddie Mac – are not facing any kind of financial crisis … The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.” Thomas Carper (D-DE) stated that the GSEs did not need to be reformed saying,  “…if it ain’t broke, don’t fix it.”  The Bush administration repeatedly asked Congress to pass reform legislation which the Democrats opposed, led by Barney Frank, until July 2008. 

This can easily be construed as a means for individuals to shirk their own personal responsibilities and to increase their reliance on the federal government. If these people did not qualify for a mortgage, why would the government force Fannie Mae (and Freddie Mac) to extend financing to these people? Why would the government clean up the mess left by people who should have known better than to purchase something they could not afford?

The Democrats also took over the student loan industry by including provisions within the healthcare bill. Now, any college student needing a loan to go to college will have to get that loan from the Department of Education. The banks have now been removed as “the middlemen” so millions of students can afford to go to college.”

Is the government takeover only limited to these areas? According to Nancy Pelosi, now that healthcare has passed “…there’ll be more legislation to follow.”

So, what is next industry that needs to be taken over by the government? The widely accepted answer is Wall Street needs to be subjected to government oversight and regulation to ensure this financial crisis does not happen again. The House of Representatives has already passed this act. The bill would create a new agency dedicated to consumer protection, establish a council of regulators to police the financial landscape for systemic risks, install oversight of the vast derivatives market and give the government power to wind down large, troubled firms whose collapse could endanger the entire financial system.

So, as you can see, the process has already begun. The question becomes– Where will it end?

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2 Responses to “The Socialist Agenda”

  1. The Socialist Agenda Thoughts From Main Street Says:

    […] of collectivist principles in which collective ownership of the economy under the …Continue Reading… Cancel […]

  2. Blanche Lincoln learns the cost of voting for ObamaCare | SenatorWatch.info Says:

    […] The Socialist Agenda […]

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