Comment Re:Car manufacturers are correct (Score 0) 98
Trump printed and handed out cash during COVID, that is socialism. It's a stupid form of socialism, but that's what it is.
Bush Junior passed and introduced the following:
1. Medicare Part D Prescription Drug Benefit (2003)
Largest expansion of federal welfare since 1965.
Added a new entitlement program without funding.
Taxpayers cover pharmaceutical costs for seniors.
Price negotiation blocked which transferred public money to private drug companies.
Long-term cost estimated over 1 trillion USD.
2. No Child Left Behind Act (2002)
Centralized federal control over education.
Took power from states and local school boards.
Tied federal funding to test results.
Expanded the Department of Education budget by 60 percent.
3. TARP Bank Bailouts (2008)
Socialized Wall Street losses.
Government purchased troubled assets and equity in failing banks.
Public money used to save private firms.
Risk transferred from private investors to taxpayers.
4. Nationalization of Fannie Mae and Freddie Mac (2008)
Federal government seized control of two huge mortgage companies.
Socialized hundreds of billions in mortgage losses.
Largest nationalization in U.S. history.
5. Federal Takeover of AIG (2008)
Government took 80 percent ownership.
Public funds used to pay private insurance contracts.
Direct state ownership of a corporation.
6. Steel Tariffs (2002)
Protectionist economic intervention.
Used federal power to interfere with free markets.
Forced consumers to pay higher steel prices to protect an industry.
7. Expanded Farm Subsidies (2002 Farm Bill)
Increased federal agricultural payouts by 190 billion USD over 10 years.
Direct wealth transfers from taxpayers to farmers.
Expanded central planning in agriculture.
Those are all socialist policies, they are a big state, interventionist, entitlement growing policies.
Senior Bush
1. Americans with Disabilities Act (1990)
Large federal mandate on private businesses and local governments
Forced costly compliance without funding
Expanded federal regulation of the labor market
2. Clean Air Act Amendments (1990)
Massive expansion of federal control over industry
Centralized environmental rules and enforcement
Imposed new costs through regulation and fines
3. Omnibus Budget Reconciliation Act (1990)
Raised federal taxes by 137 billion USD
Increased top income and corporate tax rates
Expanded federal spending rather than cutting programs
4. Federal Deposit Insurance Corporation Improvement Act (1991)
Increased federal power over banks
Allowed government intervention in failing institutions
Moved risk from private investors to taxpayers
5. Savings and Loan Bailout Continuation
Continued Resolution Trust Corporation actions started under Reagan
Used taxpayer money to rescue failed financial institutions
Socialized private banking losses
6. Immigration Act of 1990
Increased legal immigration by 40 percent
Expanded government-administered labor quotas and visa programs
Managed labor supply through federal policy
7. Transportation Equity Act (1991)
Large federal spending on infrastructure
Expanded federal role in transportation planning
Increased dependency of states on federal funding
Whatever you want to call him, this guy increased the size of the government, introduced socialist policies, expanded federal control over business and banking. He did more to give government power over private enterprise since Nixon.
Reagan
1. Savings and Loan Bailouts
Used taxpayer money to rescue failed financial institutions
Created the Federal Savings and Loan Insurance Corporation bailout framework
Socialized private banking losses
Set precedent for future bailouts
2. Military Keynesianism
Massive deficit-funded military buildup
Defense spending increased 40 percent
Government spending guided industrial output
Economic growth driven by public debt instead of private investment
3. Tax Reform Act of 1986
Flattened tax rates but also expanded government direction of the economy
Removed many private deductions
Strengthened IRS enforcement powers
Increased tax burden on working and middle class through payroll taxes
4. War on Drugs Centralization
Large expansion of federal police powers
Federal control over local law enforcement through funding and mandates
Increased federal spending and bureaucracy
Directed social behavior through state coercion
5. Export Controls and Trade Intervention
Limited high-tech exports
Imposed sanctions and trade barriers
Government interference in private trade decisions
6. Protectionist Trade Action
Restricted Japanese car imports
Imposed tariffs on motorcycles to assist Harley-Davidson
Protected domestic industries with federal action
Violated free market principles
7. Social Security Rescue Plan of 1983
Raised payroll taxes
Increased government control over retirement income
Forced workers to pay more for a mandatory public program
8. Farm Lending and Subsidy Support
Expanded federal loan guarantees to farmers
Federal aid to agriculture during the farm debt crisis
Transferred risk from private banks to taxpayers
He was a so called pro free market guy, who really expanded the role of the government, grew public debt, expanded federal police powers, abused tariffs, bailed the banks out, expanded SS.
AFAIC all of these are basically Marxists, never mind socialists. I would not allow any of these people to run a corner store, never mind a country.