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Punching Holes in so-called Free Market Economics

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This piece co-authored by Stewart Acuff & Bill Fletcher, Jr.

We have found ourselves wondering why President Obama is being 'red-baited' by the political Right. Any reasonable person looking at the policies of this administration could never come to the conclusion that it is anything close to socialist in nature. While there have been certain progressive initiatives taken by the administration, the pro-corporate orientation would be evident to a ship in a fog. The hesitancy, for instance, of this administration to debunk the myths surrounding the national debt, its willingness to promote off-shore drilling (prior to the Gulf Coast disaster), the pulling back from an active and vocal support for the Employee Free Choice Act, the continuation of wars, the failure to challenge the Israeli occupation of Palestinian territories, and, on a different scale, the fact that Larry Summers remains a close economic advisor to the President show that the objectives of this administration are as distant from socialism as Earth is from Alpha Centauri.


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