Is there a connection? Probably not. The President and the Government

so·cial·ism

Function:
noun
Date:
1837

1: any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods2 a: a system of society or group living in which there is no private property b: a system or condition of society in which the means of production are owned and controlled by the state3: a stage of society in Marxist theory transitional between capitalism and communism and distinguished by unequal distribution of goods and pay according to work done

—-

Totally separate entry.  No connection just coincidence. 

—-

President Obama Feb 2009

“It is only government that can break the vicious cycle, where lost jobs lead to people spending less money, which leads to even more layoffs. And breaking that cycle is exactly what the plan that’s moving through Congress is designed to do.”

Advertisements

2 thoughts on “Is there a connection? Probably not. The President and the Government

  1. I just thought this was interesting….since Goldman Sach’s owns 49 percent of the Company I work For. Sounds like they really didn’t need the bailout money…So I wonder what they were planning on doing with it…Here is what I read…..

    Those who fret about an era of slow-growth socialism presume that our government is incapable of learning from mistakes and crafting intelligent policies. The prospect of an enhanced safety net wasn’t incompatible with growth in the 1930s and 1960s, and it isn’t now. And today, state ownership and control of private enterprise is a temporary last resort, not an enduring governing strategy. In Europe’s social democracies, CEOs frequently welcomed government involvement because it protected them from competition. By contrast, U.S. managers can’t wait to get out from under the government yoke. Goldman Sachs and Morgan Stanley have already started talking about how they plan to pay back the bailout money before the end of this year—so they can pay out humongous bonuses next January.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s