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Reagan vs. Obama – Social Economics 101

By Charles M. Phipps on April 22nd, 2012

This video should be shown in every classroom. 

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April 22nd, 2012 | Tags: , | Category: Politics

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.

  • 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?

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