Pot Calls Kettle Socialist
Republican presidential candidate John McCain on Saturday accused Democratic rival Barack Obama of favoring a socialistic economic approach by supporting tax cuts and tax credits McCain says would merely shuffle wealth rather than creating it. "At least in Europe, the Socialist leaders who so admire my opponent are upfront about their objectives," McCain said in a radio address. Really now. Obama is a socialist?
Let's see now, help me with my recent memory. Our government is spending something like $250 BILLION to invest in the banks in America? Our government is making BILLION dollars loans to the automobile industry. Our government bout out (call it an investment) AIG. Basically our government is doing and will do whatever "nationalization" that's needed to help Wall Street.
When is nationalization not socialization? :-(
Oh yeah, and McCain has a health care plan girded with a similar philosophy. He proposes providing individuals with a $5,000 tax credit to buy health insurance. He would pay for his plan, in part, by considering as taxable income the money their employer spends on their health coverage. Of course McCain was speaking in North Carolina when leveling socialist charges. During a rally outside Charlotte, N.C., McCain returned to the socialism theme, although he did not use the more tart language of his radio address.
News flash! America is no longer the pure capitalistic nation it once was. Neither major party, nor neither candidate for president is promoting pure capitalism. One is more socialist than the other (can you say Obama?) but it's a matter of degrees not total distinction.
Related Tags: obama, mccain, socialist, pot calls kettle socialist, obama is a socialist, capitalistic, pure capitalism
As a spiritual-futurist, I interpret current events in light of possible macro-universal forces at play leading up to 2012, but not limited to it.
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