Quote:
Originally Posted by Mormon Red Death
What Obama and the democrats want is a heavily involved Government in a Mixed Economy (Government Mixed with the Market). Is the US economy a Mixed Economy right now? Yes they are (and for the most part they have always been). The government is affecting the Markets. They do this through direct legislation, subsidies and tax breaks and Social Security programs.
If the Mixed Economy was a spectrum with the right being Outright Capitalism with No government interference and the Left being Complete Socialism (Government owns and operates all the business). The US is farther to the right than Western Europe. My fear is that as the US economy continually moves left on this spectrum by more social programs, nationalizing of banks is only going to make life worse. The profit incentive gets lost. My "fearmongering" as you call it is simply pointing out that the country is moving towards the left of the spectrum.
Call me a "fearmongerer" if you will but I hate government interference in the market. The more that happens the less free people become.
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What you are talking about is a sliding scale of government intervention which, as you rightly point out, has always seen fluctuation from the right to the left and vice-versa, but never existing at the extremes. That is true. What isn't true, however, is your claim that "Sadly the US economy will be just like any Western Europe country." It won't. And to say that the US will reach the same point on the scale as "any Western European country" is disingenuous and fearmongering.