They’ve been quoted many times on FR, but Churchill’s words on the subject bear repeating:
The inherent vice of capitalism is the unequal
sharing of blessings; the inherent virtue of
socialism is the equal sharing of miseries.
Sadly, Obama is a doctrinaire leftist, thus incapable of acknowledging the truth of Churchill’s words.
They absolutely acknowledge the truth in Churchill’s statement, but Socialism is for the little folk, not for them. They are the Ruling Elite that make the rules but do not follow them. They believe they will reap the benefits from their trickle down model, gathering all capital through Central Planning then taking their cut before it reaches the bottom tier.