Socialism: "a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole."
In Marxist theory, Socialism is the stage following capitalism in the transition of a society to communism, characterized by the imperfect implementation of collectivist principles.
"We can't expect the American People to jump from Capitalism to Communism, but we can assist their elected leaders in giving them small doses of Socialism, until they awaken one day to find that they have Communism." - Nikita Kruschev
The above quote is usually attributed to Khrushchev but it is often debunked as John Birch conjecture. No matter who first said it, it is becoming more and more a reality with the Obama campaign. As evidenced by his spread the wealth statement to Joe the Plummer. The outrageous amount of time spent dissing the cost of Governor Palin's campaign wardrobe and the audacity of suggesting that she should have bought her clothes at Target. The censorhsip of the reporter and TV station in Orlando. The newly released audio from 2001 of Obama's comments that dismiss the Constitution
Tuesday, October 28, 2008
Uptick
Buying Blitz: Dow Surges 889A barrage of bargain hunting swept Wall Street late Tuesday, sending the Dow to its second best one-day point jump in history.
Today's Market
The Dow Jones Industrial Average rose 889.35 points, or 10.88%, to 9065.12, the broader S&P 500 added 91.58 points, or 10.79%, to 940.50 and the Nasdaq Composite picked up 143.57 points, or 9.53%, to 1649.47. The consumer-friendly FOX 50 gained 74.28 points, or 11.33%, to 730.04.
"Hopefully today will be the beginning of something positive," NYSE trader Frank Chester of Christopher J. Forbes told FOX Business.
The monster rally was only matched by the 936-point surge on October 13. On a percentage basis, the gains translate to the index's sixth best one-day performance ever and the second best of the year. For the Nasdaq Composite, the rise marked the fourth best one-day gain in the index's history.