First of all I never asserted that we are living under a communist government. I was simply stating if communism is the far left, by moving left we are closer to communism than ever before.
June 1st 2009 GM filed for Bankruptcy and the CEO was replaced by a government approved CEO with President Obama saying the nationalization was temporary and that they are acting as reluctant shareholders because that is the only way to help GM succeed. Our government also invested 50 billion thus becoming a 60% owner.
Citigroup, which is the world's largest financial services network, took 25 billion in government tax dollars giving the US government 36% equity of common shares. It is correct that this took place during President Bush's 2nd term which was led by a democratic house and senate.
The government takeover of Fannie Mae and Freddie Mac. By placing them into a conservatorship they have taken a step to one of the most sweeping government interventions in private financial markets in decades, and one that could turn into the biggest and costliest government bailout ever of private companies.
Obama has said that he would favor a British-style "single payer" system in which the government owns the hospitals and the doctors are salaried but that he recognizes that such a shift would be too disruptive to the health-care industry. His Primary goal, right now, is to extend formal health insurance to those low-income individuals who are currently uninsured despite the nearly $300-billion-a-year Medicaid program. Doing so the Obama way would cost more than $1 trillion over the next 10 years. Can't say thats government run health care, but a STARTING point of 1 trillion is no small amount for taxpayers to invest.
I know these are all single events, but it's a slippery slope. By setting a precedent of government "bailouts" we are set up for many future state run "private" companies.
I have absolutely no doubt that one could find aussies that are very upset with the current affairs of their government, it's inevitable.
I am not one of our countries problems, I am a realist that sees our government spending us into oblivion. With a national debt of over 13 trillion dollars our children's children will still be paying back. There has to be a point where we say no more.
And I absolutely abhore Glen Beck, Rush Limbaugh (
spelling) and any of the talking heads. They are "entertainers" first, and informational last. But if I'm parroting them I guess they might be smarter than I thought.
I feel the problem in our country lies with citizens that are willing to completely trust our elected officials to use and spend taxpayers dollars in wasteful and unneeded ways.