Reagan vs. Obama – Social Economics 101

4 comments to Reagan vs. Obama – Social Economics 101

• LD Jackson

  April 22, 2012 at 11:40 am · Reply

  Such a simple video, but it contains a profound lesson. Socialism really doesn’t work.

  • Charles M. Phipps

    April 22, 2012 at 3:52 pm · Reply

    No, it definitely does not. And I like that whoever made this video chose Reagan to school Obama.

• Yashwant Parmar

  April 22, 2012 at 10:23 pm · Reply

  Socialism really works guys. Reagan lowered taxes on the rich, raised them on everyone else. Is that a great thing?

  Have you heard of Canada? Germany? Switzerland? Norway? Sweden? Finland? Yeah, they’re all socialist. And woah, look at this, THEY WORK.

  ON TOP OF THAT, Reagan had higher per capita spending than Obama.

  And while the video is wel put together, it provides no facts and isn’t based in reality.

  • Charles M. Phipps

    April 22, 2012 at 11:45 pm · Reply

    Just the first couple of your statements I checked are wrong. This makes everything you say suspect.

    Finland has socialist characteristics, but because means of production are not state owned, Finland cannot be considered to be a socialist country.

    Sweden has a social democratic economy, with high income tax and general welfare benefits. The Swedish economic model is not entirely socialistic, since the goal is to create a welfare state, not a state with collective ownership.

    You might want to read up on the definition of socialism.

    And let me ask you a question. Was it socialism that made the United States a great country? Or was it capitalism?