The scariest words: "I'm from the government and I'm here to help."
Posted on 04/01/2021 2:49:11 PM PDT by RoosterRedux
The White House is pushing an infrastructure bill that could reshape the discussion around capitalism as it seems to reestablish the federal government as a primary driver of how the economy should grow and function.
In addition to traditional infrastructure projects, Biden’s $2.25 trillion American Jobs Plan would make government investments in broadband, electric vehicles, climate change, elderly care, child benefits, housing and developing future technologies.
It would redefine classic infrastructure projects to include investments in workers and families paid for by tax hikes on corporations.
The ambitious proposal effectively transforms the relationship between the government and the private sector, making radical changes to key sectors of the economy that could be felt for years down the road.
It places a big bet on the ability of the federal government to drive sustained economic growth at a time when confidence in institutions is low.
And it will almost assuredly open Biden up to attacks from Republicans that he’s undermining traditional American capitalism and implementing a socialist agenda — after a heated election where cries of “socialism” were central to former President Trump’s campaign.
“Every corner of the country is going to be touched by this in some way,” said Mark Zandi, chief economist at Moody’s Analytics.
“It takes a whole different perspective on government,” Zandi added. “Ever since Ronald Reagan it’s been about government dysfunction, we need smaller government, less government. ... This is the complete opposite. It’s saying government and only government can solve the problems we have because they’re so large and beyond any one of us. Infrastructure is a collective problem.”
(Excerpt) Read more at thehill.com ...
That’s a funny way of saying installing communism.
Control freak, grifting a**holes.
“That’s a funny way of saying installing communism.”
LOL. I swear you took the words right out of my mouth.
Good luck, Joseph Stolen
They’ve been reading too much Robert Heilbronner and Thomas Picketty, and not enough Friedrich Hayek.
By misusing the terms “capitalism” and “socialism,” the writers are appealing to people who have no knowledge of 20th century history.
An Investment means it pays you back, I don’t think we will see a nickel returned.
Yep.
Karl Marx would be pleased.
Of course he died some time ago but his misinformed and dangerous economic theories survived. In fact, these theories are now favored in both our major media and our universities. And, currently, by our federal government.
If you believe the idea of slavery was dead in America you are wrong.
Communism is Socialism by the drink!
I wish we had Republicans that fought as hard as democrats in the court of law and put to use some of the judges that President Trump put into office.
Funny clandestine. Not funny hahah.;-)
What does “government” bring to the party, except for gear-grinding sand?
It is funny to call it Capitalism, when government is in charge. Reminds one of the History of the 1930’s, when Capitalists made a deal with Socialists. They call it Fascism now.
USSA bump for later.....
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