Debunking the 'Drift toward Socialism' myth
Submitted by kc on Sun, 2009-06-07 16:31
in
Conservatives in this country have latched on to this attack that the Obama administration is pushing us toward socialism, often tinged with enough paranoia to qualify them for their own custom-fit tinfoil hats.
Most often the attacks contain no facts. So here are some facts for them. The U.S. Government has nationalized $82.3 billion in corporate and business assets. Big number, huh? But it makes up only .21 percent of all corporate and business assets in this country, which add up to $39.2 trillion.
For those afraid of the U.S. turning into the next North Korea, the government would have to keep up this nationalization push for the next 100+ years to get there.
In other words, chill. Your paranoia is showing.
