Do You Think Obama is a Socialist... Do You Care?

[TheRealMafoo]

HappySqurriel said:

ManusJustus said:

HappySqurriel said:

Now, lets use a car company as an example to explain how a fascist economy works ...

In a fascist economy an individual (or group of individuals) may own a car company and they have some rights to produce cars that people might actually want to drive. Unfortunately, the government has full rights to step in at any point in time and take their company away from them and give it to their friends regardless of any standing contracts that exist, and the government has full rights to step in at any point and tell the company what cars to produce regardless of whether there is demand for those kinds of vehicles.

Thats exactly what the United States did in World War II.

No, that's what Obama did recently ...

In World War II the ownership of car companies did not change, and car companies were given very lucrative contracts to build tanks/planes and other large equipment needed by the military.

I don't really think this is what Obama did, but it's what he wants the power to do

All the companies the government now owns, were failing. If they were doing well, he would have had no way of taking them over. Like Ford for example. He had no way of owning that company

Now, he has tried to pass legislation to take over banks that are doing perfectly well, so he will then have the power to do this kind of thing. It stems from him getting pissed off during the Chrysler bankruptcy, that he could not dictate to all the banks how they must act. So, he wants the power to just take them over if he feels it's necessary. Not sure if it passed. I have not been following it as of late, with all the other things to follow.