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Friday, March 28, 2008

Is this man a Socialist?

Socialism has become RED HOT in America. In recent weeks, the Bush Administration and his Republican appointees have used the government to intervene in our capitalist economy to the benefit of Bear Stearns, J.P. Morgan Chase, Fannie Mae, Freddie Mac, and other major mortgage and Wall Street corporations. (To learn more, read David Wessel's excellent article in yeterday's Wall Street Journal, "Ten Days that Changed Capitalism")

But, wait, you say? Aren't these the same people, who along with their talking heads, deride the government with every breath and hold the markets up above all? Well...yes, they are. And, if they support government intervention in the financial markets, why not some place where it might really make sense, like health care? Universal care could save money and provide better care by leveraging preventive treatment that would keep many (especially the uninsured) out of the very expensive and overcrowded ERs.

If all this is too hard to understand, here's a Seussian explanation (with all due respect to the great Dr.'s "Grinch"):
And the Bush, with his economy ice-cold in the crunch,
Stood puzzling and puzzling: "But what of my hunch?
They borrowed and lended with no thought of risk!
The economy's not self correcting and no longer brisk!"
And he puzzled three hours, till his puzzler was sore.
Then the Bush thought of something he hadn't before!
"Laissez faire," he thought, "doesn't work well alone.
Pure capitalism...without government...is way overblown!"

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