Rep. Ron Paul (R-Texas) has declares Barack Obama isn't technically a Socialist.
President Obama is not a socialist, Rep. Ron Paul (R-Texas) told conservatives gathered at the Southern Republican Leadership Conference today.
“The question has been raised about whether or not our president is a socialist,” Paul said, according to Talking Points Memo. “I am sure there are some people here who believe it,” Paul said. “But in the technical sense, in the economic definition of a what a socialist is, no he’s not a socialist.”
Instead, Paul calls Obama a "corporatist."
"He's a corporatist," Paul continued. "And unfortunately we have corporatists inside the Republican Party and that means you take care of corporations and corporations take over and run the country."
Paul said examples of President Obama's "corporatism" was evident in the heath care reform bill he signed into law last month. Paul said the mandate in the bill put the power over health care in the hands of corporations rather than private citizens. But he said the bill wasn't the only place where corporatism is creeping into Washington.
I am beginning to wonder if senility hasn't set in on Rep. Paul. The reason Obama left insurance in the hands of private companies wasn't because he is a "corporatist," but because he lacked political support to get the "public option" passed. Of course, heath care reform isn't the only segment of the economy where Obama has moved us closer to socialism. The US Government currently owns 60% of General Motors and significant percentages of Chrysler and Citibank, the nations largest bank. President Obama is supporting strong federal control of financial institutions and a takeover of our nations energy supply through Cap and Trade legislation. The roots of Obama's socialism are explored here.