WASHINGTON (CNN) - Some Republicans in Congress are continuing to warn that President Obama is intent on turning the United States into a socialist nation.
Minnesota Rep. Michele Bachmann pressed the socialism argument on Thursday, telling a conservative radio show that the Obama administration is "completely socializing the American economy" with its mortgage relief proposals and bailouts of financial institutions.
"What we've seen them do in the last five weeks is nothing short of a great leap forward toward than finalizing a place of socialism in American economic life," Bachmann told radio host G. Gordon Liddy. "We have never seen this level of socialism in the history of our country, and I think the American people would be floored when they understand the dramatic steps that Obama has taken for our future."
Bachmann called for a "a growth future, a prosperity future, a freedom liberty future."
"Will we be a country that will go forward with liberty, freedom and prosperity, or will we be a country that's mired in Eastern European, Western European doldrums, where freedom is limited and taxation remains high?," she asked.
Bachmann wasn't the only House Republican to say as much on Thursday.
Tennessee Rep. Zach Wamp, who is also running for governor in his home state, told MSNBC that the president's health care proposals represent "a fast march toward socialism."
I wonder how many people that are decrying the specter of socialism are collecting Social Security checks, or look forward to the day when they might.
What the world is experiencing right now is the result of capitalism run amok. As long as unfettered greed fuels hyper-speculation these things will happen. They have hapened many times before and will continue to happen. Karl Marx predicted this. We must clamp down on corporate and individual greed to eliminate the cause of these cycles. Greedy speculation must be taxed, and taxed heavily. Short term capital gains should be taxed 90 per cent. If we push the money into safe long term investments, these cycles will go away or be significantly reduced in severity. Greed is America's deadly sin, not socialism.
It has nothing to do with liberty or freedom. It is pure economics. The greatest threat to our liberty is that we don't produce anything but profit. That's what people should really fear.
Just finhsied reading the book. Awesome. Really helped pull together many of my own thoughts. I am sharing this book with everyone I know. This is a must read for America.