Obama’s economic philosophy is more fascist than socialist

Obama’s economic philosophy is more fascist than socialist
The propagandist-in-chief.

[Ed. – Dr. Sowell is, as always, spot-on.  What I would add is that Obama’s ultimate descriptor is Alinskyism.  Both socialists and fascists look like Bob the Builder compared to Obama’s vision, which is limited to him sowing chaos and destruction and then dancing the tango in the smoking rubble.  As a vision of perpetual chaos and destruction, it truly is a project of Lucifer.]

It bothers me a little when conservatives call Barack Obama a “socialist.” He certainly is an enemy of the free market, and wants politicians and bureaucrats to make the fundamental decisions about the economy. But that does not mean that he wants government ownership of the means of production, which has long been a standard definition of socialism.

What President Obama has been pushing for, and moving toward, is more insidious: government control of the economy, while leaving ownership in private hands. That way, politicians get to call the shots but, when their bright ideas lead to disaster, they can always blame those who own businesses in the private sector. …

Thus the Obama administration can arbitrarily force insurance companies to cover the children of their customers until the children are 26 years old. Obviously, this creates favorable publicity for President Obama. But if this and other government edicts cause insurance premiums to rise, then that is something that can be blamed on the “greed” of the insurance companies. …

One of the reasons why both pro-Obama and anti-Obama observers may be reluctant to see him as fascist is that both tend to accept the prevailing notion that fascism is on the political right, while it is obvious that Obama is on the political left.

Back in the 1920s, however, when fascism was a new political development, it was widely — and correctly — regarded as being on the political left.

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