Capitalism, Socialism, and The State of the Union Address

Bush speech writer David Frum has presented his version of what tonight’s State of the Union Address should be. Here’s one section which Obama might really consider using–or at least conservatives should consider before repeating any more claims that Obama is a socialist:

We can see the future of a better economy already emerging.

Over the past twelve months, we have created more than one million net new jobs in the private sector — while government employment has shrunk by more than 250,000.

Corporate profitability has reached record highs, meaning that companies can afford to hire as demand revives.

Including dividends, the stock market has gained more than 10 percent this year.

If this is “socialism,” what would capitalism look like?

As for the actual speech, Jake Tapper reports Obama will propose a freeze on non-security related discretionary spending and a ban on earmarks. Considering that Republicans have both been speaking out against earmarks while also using them I wonder whether Republicans will go along with Obama on this or suddenly find reasons to defend earmarks.
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5 Comments

  1. 1
    BrettR4763 says:

    RT @RonChusid: Capitalism, Socialism, and The State of the Union Address #p2 #p21 #topprog http://bit.ly/eCK8IN

  2. 2
    Robot J. McCarthy says:

    Wha, Wha, What? RT @ronchusid Capitalism, Socialism, and The State of the Union Address #p2 #p21 #topprog http://bit.ly/eCK8IN

  3. 3
    LibertyPatriot says:

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  4. 4
    heavyartillery1 says:

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  5. 5
    Yvonne says:

    RT @LibertyPatriot: Socialism Alert: » Capitalism, Socialism, and The State of the Union Address … http://ow.ly/1b1PDM

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