WE HAVE ARRIVED

One year ago, I wrote about the coming of socialism to the United States of America. Well folks; here we are.
The government now runs the automotive industry, with all of it's associated jobs from the iron workers to the clerk at Wal Mart selling you an oil filter. Big Brother runs the banking industry, which means they (Obama & Pelosi) determine if you : buy a house, start a business, go to school or even; because they control the purse strings of ALL business, determine if and where you can get a job.
The IRS now decides if they like your health insurance, which you have no choice but to buy. That means they (the IRS) decides who lives and dies. Can't work and pay taxes any more? Too bad! That life-saving procedure that you need isn't approved.
We're going the way of post-war Europe. Pretty soon a gallon of gas will be $25.00. A loaf of bread; $10.00. And don't even think about going out to dinner or on a vacation. Unless you're a government worker of course. Welcome to the Socialist States of America.
That's my opinion. What's yours?

AMERICAN SOCIALISM

so⋅cial⋅ism [soh-shuh-liz-uhm] noun (1)

A theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.

Socialism refers to a broad set of economic theories of social organization advocating public or state ownership and administration of the means of production and distribution of goods, and a society characterized by equality for all individuals

We now live in a country where the leader wants to "REDISTRIBUTE THE WEALTH". That was the driving force behind the Bolshevik Revolution(2) of 1917; the start of the USSR. The idea was that the "capitalists" had gotten wealthy on the back of the "proletariat", and that the common people should take the farms and factories, put them in common (government) control and distribute the product equally. So...how well did that turn out?
The recent firing of the General Motors CEO Rick Wagoner(3) by president Obama sets a dangerous precedent. When the government gets in the business of private business, it's no longer private. One only has to look at North Korea and China to see the pitfalls. Without profit incentives to attract talent, private firms will wither and die. And...if a ceo or board of directors believe that the president or congress has the authority to sack them at will, their decisions suddenly become political rather than financial.
There seems to be a prevailing opinion that "PROFIT=EVIL". Where do people think that jobs come from? If a corporation(and the associated management team) is making a large profit, they are going to create more jobs and hire more people in an effort to make bigger profits. By the same token, if profits go away, jobs get cut. Just check out the current job market(4) and compare it with corporate earnings(5) over the last year! Then, the next time you or someone you know gets laid off, think about what would be happening if your (ex) employer was making MORE money instead of losing it.
Thats my opinion. What's yours?

1) http://dictionary.reference.com/browse/socialism, http://en.wikipedia.org/wiki/Socialist

2) http://www.thenagain.info/WebChron/EastEurope/OctRev.html

3) http://www.bloggingstocks.com/2009/03/29/obama-to-gm-ceo-wagoner-youre-fired/

4) http://online.wsj.com/article/SB123876121625986405.html, http://www.infoplease.com/ipa/A0762531.html

5) http://www.bea.gov/newsreleases/national/gdp/2009/gdp408f.htm, http://online.wsj.com/article/SB123807065934647327.html