Pretty hilarious that McCain, who sure seems like he was a closet *liberal* before he decided to hug up on Bush (what deal did he make with Bush that he sold his soul for?) to try to say that Obama is a *socialist* because of his tax positions-WHEN MCCAIN HAD THE SAME ONES. Bwahahahahahahahahah. (What's the expression-when you point at somebody, four fingers point back at YOU?)
Here's a link to McCain's positions before. As you read this, substitute some token liberal for McCain's name and see how it sounds. Um. He's since, of course, CHANGED HIS MIND (or at least pretended to do so) in order to court the right-wing nutjobbers.
And, heh, John McCain keeps bringing up Teddy Roosevelt as a hero. But Teddy Roosevelt advocated progressive taxation, ie, as Obama says, "spreading the wealth around" From Raising Kane
What did John McCain's hero Teddy Roosevelt advocate? That's right, progressive taxation, also known as "spreading the wealth around," which John McCain has suddenly taken to condemning as somehow socialist or unAmerican or something. In fact, it couldn't be more American than Teddy Roosevelt - one of our greatest presidents by almost all accounts - himself. Here he is in his own words:
....We grudge no man a fortune in civil life if it is honorably obtained and well used. It is not even enough that it should have been gained without doing damage to the community. We should permit it to be gained only so long as the gaining represents benefit to the community. This, I know, implies a policy of a far more active governmental interference with social and economic conditions in this country than we have yet had, but I think we have got to face the fact that such an increase in governmental control is now necessary
No man should receive a dollar unless that dollar has been fairly earned. Every dollar received should represent a dollar's worth of service rendered - not gambling in stocks, but service rendered. The really big fortune, the swollen fortune, by the mere fact of its size, acquires qualities which differentiate it in kind as well as in degree from what is possessed by men of relatively small means. Therefore, I believe in a graduated income tax on big fortunes, and in another tax which is far more easily collected and far more effective - a graduated inheritance tax on big fortunes, properly safeguarded against evasion, and increasing rapidly in amount with the size of the estate.
If Obama is a socialist, then so is John McCain. The New American points out that both voted for the bailout bill that socialized the financial industry.
"Why should the Treasury Department manage a $700 billion investment portfolio in the first place?" Of course, if McCain were truly a champion of the free market, his answer to the latter question would be that the government should not be doing that.
Or how about McCain's proposal to have the government bail out people's mortgages? New American says it's selective hearing on the part of McCain's base-well, hey CLEAN OUT YOUR EARS.
In addition to having the government (read: taxpayers) purchase Wall Street's troubled mortgage-related assets, McCain also wants the government to purchase troubled mortgages directly. His campaign website's description of his "Homeownership Resurgence Plan" says that the plan "would purchase mortgages directly from homeowners and mortgage servicers, and replace them with manageable, fixed-rate mortgages" at a cost of "roughly $300 billion because the purchase of mortgages would relieve homeowners of 'negative equity' in some homes." Presumably the cost could be much more than that depending on what happens with the market including real-estate prices and mortgage defaults. The McCain website statement acknowledges: "It may be necessary for Congress to raise the overall borrowing limit." That's an ominous warning, indeed, considering that the recently passed bailout bill just raised our national debt limit another $800 billion.
But if this is what McCain advocates, why do McCain supporters like the one in Waukesha, Wisconsin, see the Democrats, but not McCain and like-minded Republicans, as being socialists? Part of the problem may be wishful thinking — no matter how far Republicans move in the socialist direction, Democrats have been adept at advocating even more socialism — but part of the problem is also selective hearing on the part of McCain's conservative constituency...
In the second presidential debate quoted above, McCain sounded like a conservative when he warned: "We obviously have to stop the spending spree that's going on in Washington. Do you know that we've laid a $10 trillion debt on these young Americans who are, who are here with us tonight? Five hundred billion of it we owe to China." But he sounded like a socialist when just several sentences later he added: "I would order the secretary of the Treasury to immediately buy up the bad home-loan mortgages in America and renegotiate at the new value of those homes, at the diminished value of those homes, and let people make those — be able to make those payments and stay in their homes. Is it expensive? Yes."
Of course, McCain's Homeownership Resurgence Plan would fuel both the Washington "spending spree" and the $10 trillion debt on young Americans.
I'm not even covering how many of our institutions we have RIGHT NOW are socialist, such as public libraries, public schools, our mail system, public hospitals, public clinics, social security.. and so on. I've read before of Eugene Debs, from the last century and early parts of this one. Howard Zinn on Debs.
The word itself-"socialism"-may still carry the distortions of recent experience in bad places usurping the name. But anyone who goes around the country, or reads carefully the public opinion surveys over the past decade, can see that huge numbers of Americans agree on what should be the fundamental elements of a decent society: guaranteed food, housing, medical care for everyone; bread and butter as better guarantees of "national security" than guns and bombs, democratic control of corporate power, equal rights for all races, genders and sexual orientations, a recognition of the rights of immigrants as the unrecognized counterparts of our parents and grandparents,, the rejection of war and violence as solutions for tyranny and injustice.
There are people fearful of the word, all along the political spectrum. What is important, I think, is not the word, but a determination to hold up before a troubled public those ideas which are both bold and inviting, the more bold the more inviting.
So. Would be good if, instead of people just attending to labels, they look at whether John McCain also has ACTIONS and SPEECH that embrace socialism.
P.S. I was and am against that financial bailout. And that includes McCain's socialistic idea about bailing out mortgages. Mr McCain sure did his part to make sure that morgages in the first place were not regulated, and now that the greedmongers have gotten their way, NOW he wants to do something that will put further huge debt on us? Pffffff.
P.P.S Joe KIein also points out the socialism hypocrisy
It Gets Worse: McCain accuses Obama of socialism, even though his own health care tax credit is refundable--and therefore a distribution of wealth downward...Of course, McCain has been on the record for months--years, actually--in favor of redistributing wealth...upward, toward the wealthy, on the theory that it will "trickle down."