Sunday, June 27, 2010

Obama Socialism Myths

One talking point and contradictory idea that gets a lot of attention is that Obama is a Socialist below is information from an article relating to myths that US is moving towards a socialist country.
Below a lot of the information is in relation to how USA compares to other 30 countries in the OECD witch is the Organisation of Economic Cooperation and Development.

Myth No. 1: The US Government Is Involved in Class Warfare, Attacking the Rich to Lift Up the Poor.

There is a class war going on all right. But it is the rich against the rest of us and the rich are winning. The gap between the rich and everyone else is wider in the US than any of the 30 other countries surveyed. In fact, the top 10 percent in the US have a higher annual income than any other country. And the poorest 10 percent in the US are below the average of the other OECD countries. The rich in the US have been rapidly leaving the middle class and poor behind since the 1980s.

Myth No. 2: The US Already Has the Greatest Health Care System in the World.

Infant mortality in the US is fourth worst among OECD countries - better only than Mexico, Turkey and the Slovak Republic.

Myth No. 3: There Is Less Poverty in the US Than Anywhere.

Child poverty in the US, at over 20 percent or one out of every five kids, is double the average of the 30 OECD countries.

Myth No. 4: The US Is Very Supportive of Its Workers.

The US gives no paid leave for working mothers having children. Every single one of the other 30 OECD countries has some form of paid leave. The US ranks dead last in this. Over two-thirds of the countries give some form of paid paternity leave. The US also gives no paid leave for fathers.

In fact, it is only workers in the US who have no guaranteed days of paid leave at all. Korea is the next lowest to the US and it has a minimum of eight paid annual days of leave. Most of the other 30 countries require a minimum of 20 days of annual paid leave for their workers.

Myth No. 5: The US Spends Generously on Public Education.

In terms of spending for public education, the US is just about average among the 30 countries of the OECD. Educational achievement of US children, however, is seventh worst in the OECD. On public spending for childcare and early education, the US is in the bottom third.

Myth No. 6: The US Government Is Redistributing Income From the Rich to the Poor.

There is little redistribution of income by government in the US in part because spending on social benefits like unemployment and family benefits is so low. Of the 30 countries in the OECD, only in Korea is the impact of governmental spending lower.

Myth No. 7: The US Generously Gives Foreign Aid to Countries Across the World.

The US gives the smallest percentage of aid of any of the developed countries in the OECD. In 2007, the US was tied for last with Greece. In 2008, we were tied for last with Japan.

But I think there is a case that because of Quantitative Easing there is a possibility of government buying more distressed companies and as I expect more companies to be distressed going forward so Government will have more affect on the US company. But its not socialism in terms of the Government will not be giving money to the majority in Social benefits but for the benefit of a small segment of society.

In the end it doesn't matter Obama and the majority of the politicians ware working from a similar script and the talking heads argue their own reality by changing meaning of the labels.


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