The Rush Towards Socialism – and How To Stop It (Tom DiLorenzo)

Tom DiLorenzo gives some history lessons (which I sure didn't learn in school) to show what we need to do to avoid Obammunism:

It only took the Obama administration a couple of weeks to prove that the national leadership of the Democratic Party is guided by totalitarian-minded socialists who seek to create an omnipotent government. The U.S. government is now controlled by people who have been dreaming of living out their utopian socialist fantasies ever since the fantasies were brought to their attention in college decades ago by their Mao/Castro/Che Guevara poster-hanging, capitalism-hating, communistic professors.

The administration’s main agenda is an explosion of federal spending and debt so large and outrageous that America will soon exceed Sweden in the proportion of the economy that is controlled by government – if it hasn’t already. That’s just for starters. They also want to sharply increase taxes on the most productive and hardest-working people in society; increase the capital gains tax to deter private investment; expand the welfare state; spend trillions on pure, pork barrel spending in a massive vote-buying spree; set all corporate compensation levels by governmental fiat; tax away the wealth of unpopular business people (only starting with those AIG executives); regulate and control all risk taking by private entrepreneurs; enforce a civilian draft to create a modern-day, American version of the Hitler Youth (See Rahm Emanuel’s creepy, Stalinist-sounding book entitled The Plan); nationalize entire industries, starting with the capital markets (they understand that there can be no capitalism without private capital markets); and double, triple, and quadruple the number of "regulators" who already regulate all aspects of human life in America.

At the recent G-20 meeting Obama even signed off on the creation of an international regulatory "authority" that could set compensation policies in American corporations. On top of this, there is a never-ending drumbeat of anti-capitalist propaganda coming from the administration and its worshipful mouthpieces in the "mainstream media."

What can be done? How can this rush toward totalitarian socialism be stopped?

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