Sources: Washington Post, Reuters, Satcon Technology
quote: What exactly are these "benefits" of socialism? I cannot think of a single one.
quote: Better economic growth, higher standard of living, a free-market thats not dominated by one or two large coorporations, and the like.
quote: Then again, maybe theres a reason why Truman, Eisenhower, JFK, LBJ, Nixon, and Clinton ALL were able to reduce the debt as a percentage of GDP by following "socalist" economic policies, and Ford, Regan, Bush I, and Bush II all grew the debt as a percentage of GDP by following "capitalist" economic policy. Funny how "socalism" both reduced the debt and grew the economy, isn't it?
quote: Seriously, the US has undergone 40 years of near continuous economic mismanagement. With the middle class more or less defunct, there is no engine of economic growth. Hence the recession.