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| | Critics of the Obama administration have coined the word "[[Obamunism]]" to describe Barack Obama's socialistic and "[[fascism]] light" [[economic planning]] policies ([[Benito Mussolini]] defined fascism as the wedding of state and corporate powers. Accordingly, trend forecaster [[Gerald Celente]] labels [[Obama administration corporate bailouts|Obama's corporate bailouts]] as being "fascism light" in nature).<ref>http://www.thebigmoney.com/articles/daily-intel/2009/07/20/obamunism-inc</ref><ref>http://www.smallbusinessadvocate.com/small-business-interviews/gerald-celente-6944</ref> Obamunism can also allude to Obama's [[Obama administration fiscal policy|ruinous fiscal policies]] and [[Obama administration monetary policy|reckless monetary policies]].<ref>http://seekingalpha.com/article/120883-monetary-policynot-obama-s-stimulusis-what-needs-watching</ref><ref>http://www.nypost.com/seven/05172009/postopinion/editorials/bams_wise_words_169731.htm</ref><ref>http://blog.heritage.org/2009/03/24/bush-deficit-vs-obama-deficit-in-pictures/</ref> | | Critics of the Obama administration have coined the word "[[Obamunism]]" to describe Barack Obama's socialistic and "[[fascism]] light" [[economic planning]] policies ([[Benito Mussolini]] defined fascism as the wedding of state and corporate powers. Accordingly, trend forecaster [[Gerald Celente]] labels [[Obama administration corporate bailouts|Obama's corporate bailouts]] as being "fascism light" in nature).<ref>http://www.thebigmoney.com/articles/daily-intel/2009/07/20/obamunism-inc</ref><ref>http://www.smallbusinessadvocate.com/small-business-interviews/gerald-celente-6944</ref> Obamunism can also allude to Obama's [[Obama administration fiscal policy|ruinous fiscal policies]] and [[Obama administration monetary policy|reckless monetary policies]].<ref>http://seekingalpha.com/article/120883-monetary-policynot-obama-s-stimulusis-what-needs-watching</ref><ref>http://www.nypost.com/seven/05172009/postopinion/editorials/bams_wise_words_169731.htm</ref><ref>http://blog.heritage.org/2009/03/24/bush-deficit-vs-obama-deficit-in-pictures/</ref> |
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| − | ==== Larry Summers and Leftist Economics ==== | + | ====Stimulus==== |
| − | [[Larry Summers]] currently is the Director of the White House's National Economic Council (NEC) for President Barack Obama. George Gerald Reisman, Professor Emeritus of Economics at [[Pepperdine University]] and author of ''Capitalism: A Treatise on Economics'', wrote that Summers' socialistic ideas on redistributing wealth demonstrate that [[Larry Summers]] is a "lightweight leftist" who "fails to understand the nature of the most essential feature of capitalism, namely, private ownership of the means of production and the indispensable role it plays in the standard of living of the average person."<ref name="misesblog">http://blog.mises.org/archives/009031.asp</ref> Reisman also wrote that Summers is a shallow and ignorant man whose knowledge of economics is minimal and whose evil views qualify him to be the economic advisor to [[Hugo Chavez]] of [[Venezuela]] or [[Robert Mugabe]] of [[Zimbabwe]], but do not qualify him to be an economic advisor to the President of the United States.<ref name="misesblog" /> | + | [[Larry Summers]] was the Director of the White House's National Economic Council (NEC) for President Barack Obama. George Gerald Reisman, Professor Emeritus of Economics at [[Pepperdine University]] and author of ''Capitalism: A Treatise on Economics'', wrote that Summers' socialistic ideas on redistributing wealth demonstrate that [[Larry Summers]] is a "lightweight leftist" who "fails to understand the nature of the most essential feature of capitalism, namely, private ownership of the means of production and the indispensable role it plays in the standard of living of the average person."<ref name="misesblog">http://blog.mises.org/archives/009031.asp</ref> Reisman also wrote that Summers is a shallow and ignorant man whose knowledge of economics is minimal and whose evil views qualify him to be the economic advisor to [[Hugo Chavez]] of [[Venezuela]] or [[Robert Mugabe]] of [[Zimbabwe]], but do not qualify him to be an economic advisor to the President of the United States.<ref name="misesblog" /> |
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| − | ====Obama administration and land ownership==== | + | ====Land grab==== |
| | In August 2010, [[Hot Air]] declared: | | In August 2010, [[Hot Air]] declared: |
| | {{cquote|The federal government, as the memo boasted, is the nation’s “largest land manager.” It already owns roughly [http://bigthink.com/ideas/21343 one of every three acres] in the United States. This is apparently not enough. At a “listening session” in New Hampshire last week, government bureaucrats trained their sights on millions of [http://www.businessweek.com/ap/financialnews/D9HGKEAG0.htm private forest land] throughout the [[New England]] region. Agriculture Secretary [[Tom Vilsack]] crusaded for “the need for additional attention to the Land and Water Conservation Fund — and the need to promptly support full funding of that fund.” | | {{cquote|The federal government, as the memo boasted, is the nation’s “largest land manager.” It already owns roughly [http://bigthink.com/ideas/21343 one of every three acres] in the United States. This is apparently not enough. At a “listening session” in New Hampshire last week, government bureaucrats trained their sights on millions of [http://www.businessweek.com/ap/financialnews/D9HGKEAG0.htm private forest land] throughout the [[New England]] region. Agriculture Secretary [[Tom Vilsack]] crusaded for “the need for additional attention to the Land and Water Conservation Fund — and the need to promptly support full funding of that fund.” |
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| | Property owners have every reason to be worried. The Land and Water Conservation Fund (LWCF) is a pet project of green radicals, who want the decades-old government slush fund for buying up private lands to be freed from congressional appropriations oversight. It’s paid for primarily with receipts from the government’s offshore oil and gas leases. Both Senate and House Democrats have included $900 million in full LWCF funding, not subject to congressional approval, in their energy/BP oil spill legislative packages.<ref>https://hotair.com/archives/2010/08/14/great-outdoors-initiative-a-federal-land-grab/</ref>}} | | Property owners have every reason to be worried. The Land and Water Conservation Fund (LWCF) is a pet project of green radicals, who want the decades-old government slush fund for buying up private lands to be freed from congressional appropriations oversight. It’s paid for primarily with receipts from the government’s offshore oil and gas leases. Both Senate and House Democrats have included $900 million in full LWCF funding, not subject to congressional approval, in their energy/BP oil spill legislative packages.<ref>https://hotair.com/archives/2010/08/14/great-outdoors-initiative-a-federal-land-grab/</ref>}} |
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| | + | ===You didn't build that=== |
| | + | {{main|You didn't build that}} |
| | + | On July 13, 2012, at a campaign event in [[Virginia]], Obama gave a speech that immediately stirred up controversy. Speaking about the government's role in the success of private business, he said:<ref>[http://www.whitehouse.gov/the-press-office/2012/07/13/remarks-president-campaign-event-roanoke-virginia Remarks by the President at a Campaign Event in Roanoke, Virginia], White House</ref> |
| | + | {{cquote|If you were successful, somebody along the line gave you some help. There was a great teacher somewhere in your life. Somebody helped to create this unbelievable American system that we have that allowed you to thrive. Somebody invested in roads and bridges. If you’ve got a business - you didn’t build that. Somebody else made that happen.}} The [[Romney]] campaign has used "If you’ve got a business—you didn’t build that" in ads to show America that Obama believes it is government that creates business rather than hard-working individuals. The Obama campaign has alternatively stated that the sentenced was poorly worded since he was not giving a scripted speech and that when Obama said "that" he was referring to roads and bridges. Obama points to a later portion of his speech in which he said, "The point is, is that when we succeed, we succeed because of our individual initiative, but also because we do things together," to support his claim. |
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| | ==Contradictory Goals of Socialism== | | ==Contradictory Goals of Socialism== |