Obama on Being a Socialist

March 10, 2009

Click here to read the full article.  Obama called the New York Times to give a better answer about whether he’s a socialist.

His answer:

I did think it might be useful to point out that it wasn’t under me that we started buying a bunch of shares of banks. It wasn’t on my watch. And it wasn’t on my watch that we passed a massive new entitlement -– the prescription drug plan — without a source of funding. And so I think it’s important just to note when you start hearing folks throw these words around that we’ve actually been operating in a way that has been entirely consistent with free-market principles and that some of the same folks who are throwing the word ‘socialist’ around can’t say the same.

This is not relevant.  The previous administration did wrong.  That’s not a valid excuse to continue doing wrong.  Here’s more:

Well, I just think it’s clear by the time we got here, there already had been an enormous infusion of taxpayer money into the financial system. And the thing I constantly try to emphasize to people if that coming in, the market was doing fine, nobody would be happier than me to stay out of it. I have more than enough to do without having to worry the financial system. The fact that we’ve had to take these extraordinary measures and intervene is not an indication of my ideological preference, but an indication of the degree to which lax regulation and extravagant risk taking has precipitated a crisis.

At best, the answer I get from this paragraph is that he’s a conditional socialist.  I would be interested to know when he previously emphasized he’d stay out if the markets were doing fine.  We’ll never know if he would have, will we?  The fact that he believes, as did Bush, that he needs to intervene for whatever reason certainly makes any answer other than “yes, I am a socialist” not believable.


One Response to “Obama on Being a Socialist”

  1. llabesab Says:

    Will someone now change that phrase to:

    Render unto Caesar that which is Caesar’s
    And render unto Obama all the rest.

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