Tuesday, February 24, 2009

Obama called for socialism in America tonight.

Obama's speech tonight is essentially a call for a four-year central economic plan to replace the free market economy. Here's a key paragraph:
The fact is, our economy did not fall into decline overnight. Nor did all of our problems begin when the housing market collapsed or the stock market sank. We have known for decades that our survival depends on finding new sources of energy. Yet we import more oil today than ever before. The cost of health care eats up more and more of our savings each year, yet we keep delaying reform. Our children will compete for jobs in a global economy that too many of our schools do not prepare them for. And though all these challenges went unsolved, we still managed to spend more money and pile up more debt, both as individuals and through our government, than ever before.
The fact is clear. Obama doesn't just blame free markets for the current economic crisis; he blames free markets for a systemic failure of American civilization. We have to put a stop to this.


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