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To: SteamShovel

“.....But then again, post WWII was not staring down the barrel of a WH/House/Senate/Court-System Kommunist Kabal willingly dismantling free enterprise and personal freedom for the Kommon good.”

Many of your points are well taken. But I have to point out that 1933 to 1950 was the peak of socialism in the US and we have quite a ways to go before we get to that point again. I’m not saying we won’t but rather that we are still quite a distance from it.

Remember we were still in the midst of major New Deal programs at the end of the war and things still existed like top marginal tax rates were 94%, Agriculture subsidies were in full swing, the Wagner Act led to an explosion in union participation and power (though Taft-harley blunted it a bit), United States Housing Authority nationalising chunks of the private housing industry, the Connally Hot Oil Act put the government finger on oil flows (even before the war and after), the Reconstruction Finance Corporation where tax dollars backed huge loans to big business and lastly, the deficit spending dwarfed our current spending.

We would have to have a $2 trillion dollar stimulus plan each year for the next three years to match 1945 deficits of 110% of GDP. Not equity stakes in banks, not treasury loans, not federal reserve loans and guarantees, etc. Actual tax funded stimulus legislation like the one being signed on Tuesday.

I am not denying recent socialistic moves over the last year and a half in our country, those are real and will certainly get worse over the next few years. But we are currently no where near the socilaism of 1933 to 1950.


27 posted on 02/15/2009 4:16:22 PM PST by jackmercer
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To: jackmercer
I am not denying recent socialistic moves over the last year and a half in our country, those are real and will certainly get worse over the next few years. But we are currently no where near the socilaism of 1933 to 1950.

You are probably correct on this now, but I think the nail in the coffin will be the anti-growth initiatives to "save the planet" from global warming. This will effectively be a progressively punitive tax on othe economy.

Energy is the lifeblood of the economy. Taxing it punitively will strangle the economy. The socialism we have discused will increase as the economy sinks because of the energy tax.

"Renewable Engergy" is not anywhere near capable of filling the gap anytime soon.

Nuclear power, which is our only real alternative is not going to be a major force for replacing coal anytime soon, mostly because of greenie fear and obstruction. It has been choking at the end of the greenie hang-noose for 30 years now. Although not dead, it will take a miracle to revive it. I believe the revival is coming, but not in the short term.

Coal, which IS our best energy source right now is being walked up the scaffold and the hang-noose is being fitted around it's neck.

In the least, this is not a recipe for economic success. I think it is a recipe for severe economic and lifestyle decline.

30 posted on 02/16/2009 3:34:36 PM PST by SteamShovel (Global Warming, the New Patriotism)
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