World-News

By Phillip Bannowsky

When you consider that virtually no newspaper, broadcaster, well-funded think tank, teacher, or anybody's boss or commander ever said something nice about socialism, it's remarkable that only 53 percent of us still favor rule by the moneyed class. Perhaps folks are learning how capitalism sacrifices happiness for individual gain.

https://www.informationclearinghouse.info/article22702.htm

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Socialism, US-style

Hawaii Reporter
by James A. Dorn

06/02/09

Near the end of his term in office US president George W. Bush said: ‘I’m abandoning free-market principles to save the free-market system.’ But he had already significantly increased the size and scope of the federal government. His last act was to bail out General Motors and Chrysler. That trend is continuing in spades under President Barack Obama and the democratic majority in Congress. Federal spending in fiscal 2009 will approach 28 per cent of gross domestic product, and the US budget deficit is expected to be nearly US$2 trillion, or about 13 per cent of GDP...

https://tinyurl.com/p3quox


Informant: Thomas L. Knapp



https://freepage.twoday.net/search?q=Obama
https://freepage.twoday.net/search?q=Bush+legacy
https://freepage.twoday.net/search?q=General+Motors
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https://freepage.twoday.net/search?q=bailout
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