Democrats' Policies Anticipate Socialism
I read Brian Deaton's March 20 column on elementary economic facts supporting Obama's stimulative socialism, and I found myself agreeing with his thesis that his logic came from elementary school thought.
The Obama solution, advocated by Deaton and the Moore County Democrats, is not new. They perceive that the banking and health care system need to be nationalized. Las Vegas needs a train to transfer California money to desert slots. The Census has to contract with ACORN. All this takes money that the government does not have.
Fortunately, the Bank of China delivered to the White House a credit card application. But, like the one I got in the mail last week, it was addressed to the children. I threw out my application. If I signed my child's name, I would go to jail.
The difference between Barack and me is that when he mortgages Sasha and Malia's future, they will be able to pay with the millions they earn from the books they write about their father. My child's future may be left as a toxic asset.
No, Brian, money spent by government does not stimulate the economy better than freeing private capital. The Congressional Budget Office run by a Congress controlled by Democrats estimates that the Obama policies will not stimulate but reduce economic output in the long run by "crowding out" private investment, replacing it with government capital. This is the definition of socialism.
We fought in Vietnam and Korea to prevent the expansion of socialism. Such elementary school thinking will hand the followers of Lenin and Trotsky the victories they could not win on the battlefield. Like in Vietnam, these are defeats that can be won only in Congress.
Robert M. Levy
Editor's note: The writer is chairman of the Moore County Republican Party.
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