18 February 2012

Obama's Socialism Assessed

Richard Eskow offers a sensible assessment of the alleged socialism of President Obama at AlterNet. Eskow's analysis highlights the failure to comprehend history and economic terminology that is on display in popular expressions by those who will say anything to rally those who lament the election of America's first Black President (see "The Joker," for example).
The Republican presidential candidates keep calling Barack Obama a socialist. If they're trying to invoke the Red Menace like Republicans of past campaigns, they're a generation too late. Americans between the ages of 19 and 29 have no memory of the Cold War. Today they have a more positive impression of socialism than they do of capitalism.

The word “socialism” can be applied to a range of economic models, from Cuban collectivism to the Western European social democracies that are the home of some of the world's most successful corporations.
Read the rest at "Why Obama's the Least Socialistic President in Modern History (And That's a Shame)"

One wonders what those who deem President Obama a Socialist, despite the evidence, might have said a century ago after hearing President Roosevelt speak (see "Malefactors of Great Wealth").

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