For those of you who are trying to defend these indefensible remarks by your socialist president, your problem is that no one in his right mind is going to believe that everyone a successful person has ever known, taken advice from, talked to about concepts and ideas, has any right to claim any part in that success. The Empty Suit has sucked you into his misguided and yet intentional pull of the US into socialism. This "narrative" must be the one he has settled on to replace the one he says he didn't have in the last three and a half years.
Suits me just fine. America will not elect an admitted socialist, and Empty Suit is quickly identifying himself as just that.
Be prepared, Democrats, liberals and socialists, to anguish as you watch Mitt Romney sworn in on January 20.
I didn't vote for Obama, don't intend to - but clearly, Romney misquoted him
(or distorted what he said).
Imo, they're similar - we no longer have a real democracy, and the form of capitalism we have is actually 'corporatism'. Both do and will favor Wall Street and financialization - which is about short term profit,
not investment and value creation (which tends to focus on long-term goals).
In this system, the biggest purse wins regardless of value -- and the biggest purse has been created by LIBOR rigging, LBO (not the same as true venture capitalism), Bond-rate rigging (recent lawsuit, won, evidencing widespread collusion and fraud among financial institutions), an unregulated derivates market (estimated to be twice the annual
global GDP), rumbles that are gaining in credibility that Lehman's default was actually 'designed/forced' by another major financial institution (strategically withholding return of funds, likely led to profits based on CDSs), outright fraud (MF Global, for example), manipulated (fraudulant) ratings by the Credit Rating agencies, a stock market that is 75% robo-trading (and the bigger the pockets to geographically position trading servers, the higher the win), and a double standard (big crime and fraud walks, little crime lands you in a for-profit prison).
Is the above "capitalism" ? Cause that's what we've got.
As for your use of the term "socialism", it would help if you would define or describe what you mean; the term is often used for a number of different things.