Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Is the Rescue Plan Socialism? The Far Left Says, 'No Way, Comrade'
WSJ-Online ^ | OCTOBER 4, 2008 | MICHAEL M. PHILLIPS

Posted on 10/04/2008 7:57:55 AM PDT by Pontiac

If conservative Republicans are right and the $700 billion financial-sector rescue plan signals America's slide into socialism, you'd think Seth Dellinger would be celebrating.

"They can reorganize capitalism in different ways, and they will," says Mr. Dellinger, a college graduate turned working-class meat cutter. "But it is above all with a view toward continuing a system in which a small minority of super-rich families controls everything."

To Mr. Dellinger, 32, capitalism's crisis may be socialism's opportunity. He's making the case to anyone who will listen that the U.S. should adopt a Cuban-style government before the Bush administration and Congress empty the treasury in order to keep workers from storming the barricades. "What they're trying to do, above all, is prevent millions of workers from lining up outside banks all over the country, because they know they'll have to send troops and cops," says Mr. Dellinger. "That kind of scenario could unfold quicker than people think."

Rep. Jeb Hensarling, a conservative Texas Republican, warned his colleagues on the House floor Friday not to react in panic, jettison free-market principles and start along the "slippery slope to socialism."

"This is not socialism," says Sam Webb, national chairman of the Communist Party USA. "Bailing out the biggest financial corporations in the country is a far cry from what we have in mind when we think about socialism."

The left wing faces fissures of its own. The Socialist Workers, Mr. Dellinger's party, considers itself the true heir of Marx and Lenin and seeks to emulate the Cuban model of Fidel Castro. It argues that the Socialist Party is laboring under the false impression that capitalism can be reformed, and the Socialist Workers members scorn the American Communist Party as a cross between closet Stalinists and closet Democrats.

(Excerpt) Read more at online.wsj.com ...


TOPICS: Government
KEYWORDS: 110th; bailout; communism; demron; hensarling; socialism; socialists
Navigation: use the links below to view more comments.
first 1-2021-4041-49 next last
This is a great article. Pity I can’t post it entirely. Also a pity that WSJ is a subscription site so most of you won’t be able to read the whole article. But these bits are worth talking about.
1 posted on 10/04/2008 7:57:55 AM PDT by Pontiac
[ Post Reply | Private Reply | View Replies]

To: Pontiac

Nationalizing AIG shows that we are socialist.


2 posted on 10/04/2008 8:01:54 AM PDT by itsPatAmerican
[ Post Reply | Private Reply | To 1 | View Replies]

To: Pontiac

Well, what frightens me is that if the hard lefties/socialists/commies are saying it’s NOT socialism, that pretty much means it is.

Hoss


3 posted on 10/04/2008 8:01:57 AM PDT by HossB86
[ Post Reply | Private Reply | To 1 | View Replies]

To: Pontiac
Socialist Workers Party presidential candidate Róger Calero, a 39-year-old Nicaraguan meatpacker, is on the ballot in the five states that allow noncitizens to run for president, even though the Constitution bars them from serving. Mr. Calero said in an interview that should the party win, he is confident voters would approve a constitutional amendment allowing him to take office.

He should also be quite confident that he has not a prayer of winning because he is not on the ballot in at least 45 states.

Anybody know which states allow non-citizens to run for the Presidency?

4 posted on 10/04/2008 8:03:58 AM PDT by Pontiac (Your message here.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Pontiac

5 posted on 10/04/2008 8:05:31 AM PDT by NoobRep
[ Post Reply | Private Reply | To 1 | View Replies]

To: NoobRep

Always love that one.


6 posted on 10/04/2008 8:07:14 AM PDT by Pontiac (Your message here.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Pontiac

Yes and now does it make any diff who wins election. Real estate and finance are now already socialism. Next will be health insurance comanies and oil companys. It’s over.


7 posted on 10/04/2008 8:07:52 AM PDT by screaminsunshine
[ Post Reply | Private Reply | To 1 | View Replies]

To: Pontiac
Excuse me for laughing, but the WSJ is now a totally discredited operation, trying to rationalize the utter collapse of their brand of globalized state capitalism.

That's all this article is. A cheap attempt at saying, "see see! even the commies don't think this is socialist! its ok! give us the taxpayer cash!".

This is the end of the line, maroons. The government is running a soup line for the rich. Think the rest of the gang won't chime in for some?

Next up: 5 year plans from Paulson.

8 posted on 10/04/2008 8:09:07 AM PDT by Regulator (Obama = Mugabe)
[ Post Reply | Private Reply | To 1 | View Replies]

To: screaminsunshine

Next will be health insurance comanies and oil companys.
in 2009


9 posted on 10/04/2008 8:10:51 AM PDT by Vaduz (and just think how clean the cities would become again.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: Pontiac
"Bailing out the biggest financial corporations in the country is a far cry from what we have in mind when we think about socialism."

This is why the doctrinaire socialists ("Progressives" as they call themselves) joined with conservatives in voting against the "bail out". They will support only those policies that increase individual dependence of government and that weaken free enterprise. They are waiting for a complete economic collapse so a communist system can be built on the ruins.

At the core of our problems today is a lack of transparency in finance which perverts the forces supply and demand and denies most people of the opportunity to participate in a market they do not see or understand.

10 posted on 10/04/2008 8:11:24 AM PDT by JimSEA (just another liberal-bashing fearmonger)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Pontiac

“This is not socialism,” says Sam Webb, national chairman of the Communist Party USA. “Bailing out the biggest financial corporations in the country is a far cry from what we have in mind when we think about socialism.”

I don’t mean to split hairs, but you’re a communist, not a socialist. Socialism is one of those nebulous terms that can translate as anything between minimally-fettered capitalism and a dictatorship of the proletariat, so long as the drift is toward more government.


11 posted on 10/04/2008 8:11:42 AM PDT by Tublecane
[ Post Reply | Private Reply | To 1 | View Replies]

To: Pontiac

“Mr. Calero said in an interview that should the party win, he is confident voters would approve a constitutional amendment allowing him to take office.”

I’m no Constitutional scholar, but isn’t it too late to pass the amendment after he’s elected? I mean, who’s gonna be in office during the ratification process? And what assurance is there that that president will step aside after the amendment becomes law?


12 posted on 10/04/2008 8:15:33 AM PDT by Tublecane
[ Post Reply | Private Reply | To 4 | View Replies]

To: JimSEA
They will support only those policies that increase individual dependence of government and that weaken free enterprise. They are waiting for a complete economic collapse so a communist system can be built on the ruins.

You got him down.

If you read the rest of the quotes from this loon you see that he wants a Cuban style of government; The worst sort of totalitarian Marxism.

13 posted on 10/04/2008 8:16:35 AM PDT by Pontiac (Your message here.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: screaminsunshine
It’s over.

It’s not over until the emaciated Gulag inmate sings.

14 posted on 10/04/2008 8:18:29 AM PDT by Pontiac (Your message here.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: screaminsunshine

Yes and now does it make any diff who wins election. Real estate and finance are now already socialism. Next will be health insurance comanies and oil companys. It’s over.


It’s not over. We have to fight back. Everyday. Giving up is the worst thing you can do.


15 posted on 10/04/2008 8:21:44 AM PDT by bioqubit
[ Post Reply | Private Reply | To 7 | View Replies]

To: Pontiac
start along the "slippery slope to socialism."

heh...we 'started' on the "slippery slope" when we elected FDR to a 3rd term!

16 posted on 10/04/2008 8:22:56 AM PDT by CRBDeuce (here, while the internet is still free)
[ Post Reply | Private Reply | To 1 | View Replies]

To: itsPatAmerican

When did we ‘nationalize’ AIG?


17 posted on 10/04/2008 8:23:24 AM PDT by narses (...the spirit of Trent is abroad once more.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Regulator
That's all this article is. A cheap attempt at saying, "see see! even the commies don't think this is socialist! its ok! give us the taxpayer cash

Did you read the article or just the excerpts?

The gist of the article is that both the left and the right have been brought to the same point of opposing this bill for different reasons. (and some of the same)

18 posted on 10/04/2008 8:23:40 AM PDT by Pontiac (Your message here.)
[ Post Reply | Private Reply | To 8 | View Replies]

To: narses
When did we ‘nationalize’ AIG?

A few weeks ago when the feds became 80% owners. The owner of AIG is the nation AKA they've been nationalize.
19 posted on 10/04/2008 8:25:13 AM PDT by itsPatAmerican
[ Post Reply | Private Reply | To 17 | View Replies]

To: Tublecane

I would say you are correct. Besides that from history’s view point; his term would expire before the amendment was ratified.


20 posted on 10/04/2008 8:25:57 AM PDT by Pontiac (Your message here.)
[ Post Reply | Private Reply | To 12 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-49 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson