Changes

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 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>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>http://blog.mises.org/archives/009031.asp</ref>

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 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>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>http://blog.mises.org/archives/009031.asp</ref>

== Barack Obama and American Conservative Backlash ==

== Barack Obama and American Conservatism Backlash ==

In October of 2009, Niles Gardiner reported in the [[Britain|British]] newspaper ''The Telegraph'':

In October of 2009, Niles Gardiner reported in the [[Britain|British]] newspaper ''The Telegraph'':

{{cquote|This week’s striking [[Gallup]] poll on political ideology is further confirmation that the United States is in essence a conservative nation, which has ironically become even more conservative under Barack Obama. According to Gallup, 40 percent of Americans describe their political views as conservative, 36 percent as moderate and 20 percent as liberal. This is the first time conservatives have outnumbered moderates in America since 2004.<ref>http://blogs.telegraph.co.uk/news/nilegardiner/100014891/barack-obama-has-failed-to-defeat-conservatism-in-america/</ref>}}

{{cquote|This week’s striking [[Gallup]] poll on political ideology is further confirmation that the United States is in essence a conservative nation, which has ironically become even more conservative under Barack Obama. According to Gallup, 40 percent of Americans describe their political views as conservative, 36 percent as moderate and 20 percent as liberal. This is the first time conservatives have outnumbered moderates in America since 2004.<ref>http://blogs.telegraph.co.uk/news/nilegardiner/100014891/barack-obama-has-failed-to-defeat-conservatism-in-america/</ref>}}