Understanding the state of our economy for dummies.
The current economic state has been very confusing for many of us. Despite coming from an economic background, I must admit that things have been confusing for me as well. I’ve done my best to make sense of things, and, as simple as I can make it – this is how it is:
1. Capitalism. This is where we want to be. Both traditional American Conservative and Liberal ideologies operate within the framework of capitalism. Conservatives want to deregulate, Liberals want to increase government oversight. But at the end of the day, it’s still capitalism.
2. Good Socialism. This is where the bailout bill is supposed to take us, if passed. Supposedly, the bill will replace the bad Socialism the Dems running Freddie/Fannie are employing with good Socialism.
3. Bad Socialism. Since the 2006 elections, Democrats have been steadily nationalizing major industries, and then managing them poorly.
4. Diluted Marxism. Obama, DNC, Obama’s indoctrinated voters.
5. Communism. Obama’s friends, family, etc.
You’ve probably noticed the huge split in both parties on what to do about the financial crisis. The reason for this is simple, each politician is essentially given two choices:
1. Vote against my principles and potentially cause a new depression.
2. Potentially allow a new depression to happen and vote against my principles.
Obama wants the bailout plan because it increases Socialism in the U.S. McCain wants it because he understands that good Socialism is better than bad Socialism. Ultimately, there is no good option in this. In the long run, I think that the bailout plan will hurt us. Smaller, less intrusive options may end up being more productive without allowing the further encroachment of socialism – even good socialism.