The Road To Nationalization

by Sal on January 26, 2009

in Economy,Politics

The effort is underway by the Obama administration to begin the wide-scale nationalization of American private enterprise.  This nationalization will be far-reaching and touch several key industries, making it difficult to undo by future administrations.  Early indications suggest that this nationalization will touch three key industries:  Health-Care, Financial, and Automobile.

Health Care: It is no secret that Democrats have wanted Universal Nationalized heath care for some time now.  The Clinton Administration attempted to accomplish this nationalization and failed back in 1993.  Now, despite Obama’s calls for more “moderate-left” government intrusion into the Health Care industry, his new Secretary of Health and Human Services nominee, Tom Daschle, holds much grander plans for health care, and it is likely that we would soon see full-scale nationalization.

Finance: According to David Sanger, (H/T:  And Rightly So), there is much talk around Washington of nationalizing the financial sector to fix the economy.  Although government intervention is what caused the current economic crisis to begin with, government is now looking at fixing it by takeover.  Since we all know the government’s track record of good financial management, this will be a complete disaster.

Auto-industry: Few people have talked about this yet, but the Obama administration is beefing up milage requirements on the auto-industry, as well as allowing individual states to set their own emissions requirements.  With these two things hitting at this time, when Detroit is asking for further bailouts, with no fix in sight, this could be the final nail in the coffin for the big three.  Faced with a choice of bankruptcy or nationalization, I fear the Obama administration will choose nationalization in order to protect the UAW.  Think of it — Washington, not the free market, deciding what cars to build and how to build them.

Obama plans to leave America a much different country than it is today as he begins his administration.  The trend towards nationalization and socialism is real.  However, these moves will be very unpopular and may cause backlash against the Obama administration and the Democrats in congress.  If Republicans capitalize on this sentiment, they may cut short the Democrat’s unchecked power in Washington with the next mid-term elections in 2010.

{ 3 comments… read them below or add one }

Mike January 26, 2009 at 5:16 pm

Although modern American liberalism is increasingly indistinguishable from socialism, I hope that our next presidential candidate refrains from using the word “socialism.”. The word “liberal” embodies what we’re trying to say (the two are so similar) and is effective. The word “socialism” just doesn’t resonate and may be overstated, albeit slightly.

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Sal January 26, 2009 at 5:23 pm

Sarah Palin referred to what Barack wanted to do as Socialism during this past campaign. I think the term, if used sparingly against specific policies, can be effective. I do agree that it can be overstated, and calling Obama a socialist or using the term regularly would probably reduce its effectiveness.

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Mike January 26, 2009 at 5:40 pm

I didn’t mean that the term “socialism” is overused, though it is. I meant that it slightly overstates what Obama is trying to do. There is a distinction between a liberal and a socialist even if its a minor one. The term “liberal” has always been highly effective. The term “socialist” has not. Unfortunately, my Sarah is a case in point. She isn’t Vice President.

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