Wednesday, May 20, 2009

Socialism 101

From Newsbusters:

MSNBC host Contessa Brewer derided Republicans for using the word socialist in reference to Barack Obama's economic policies on Wednesday, complaining, "Well, maybe they think Americans are a bunch of idiots." Speaking of an upcoming vote by the Republican National Committee over whether or not to label the current Democratic leadership as socialist-leaning, the "MSNBC News Live Host" worried, "Have we reverted to a bunch of junior high schoolers, 12-year-olds with the name calling?"

Of course, this is the same network that repeatedly, and gleefully, used the juvenile "teabag" bag humor to describe Republican protests over taxes. So, the argument is somewhat hollow.

From Merriam Webster:
Main Entry:

1: any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods

From Reuters:
NEW YORK: If General Motors Corp files for bankruptcy, as widely expected, plans include a quick sale of the automaker's healthy assets to a new company owned by the US government, a source familiar with the situation said on Tuesday.

If Contessa Brewer tells you it's going to be a beautiful day, take your umbrella.