“Hey, I got an idea, if we’re going to go down the road to socialism, I mean why not really go for it, huh?!”
Is the U.S. really taking the road to socialism?
As President Barack Obama pushes for some of the biggest government overhauls since the Great Depression, the question is being asked again.
From big business to healthcare, we’re tracking perspectives on the media’s answers.
On big business- Atlantic Monthly published this pie chart – with the red representing the point-two-one percent of American corporate and business assets recently nationalized by the government.
The article went on: “Obama’s version of socialism is so sneaky you can hardly see it!”
Russia Today counters with concerns over giving the Federal Reserve more power, as Obama is proposing.
“The prime entity behind the crisis is the Federal Reserve System by injecting tens of trillions of dollars of phantom money back by nothing, created out of thin air, again they’re the ones that created these bubbles.”
Now to healthcare -- a blogger on Chicago Sun-Times says fears of socialism are overblown – we’ve had it since 1965.
“No matter that Medicare -- a government-run subsidized health insurance program covering the nation's elderly and some disabled people -- is socialized medicine.”
But an editorial in the Wall Street Journal says that hasn’t necessarily worked out so well.
“Whatever Medicaid's merits, this federal health-care program more than any other factor has put California and New York on the brink of fiscal catastrophe. I'd even call it scary.”
So do you think Obama’s proposed plans give the government too much control, or is it just a necessary response to years of under-regulation?
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