Why President Obama is the Least Socialistic President in Modern History (and That's a Shame)

The Republican presidential candidates keep calling Barack Obama a socialist. If they’re trying to invoke the Red Menace like Republicans of past campaigns, they’re a generation too late. Americans between the ages of 19 and 29 have no memory of the Cold War. Today they have a more positive impression of socialism than they do of capitalism.

The word “socialism” can be applied to a range of economic models, from Cuban collectivism to the Western European social democracies that are the home of some of the world’s most successful corporations.

But until this election came along it had never been used to describe someone who expanded the private health insurance system, let a negligent company keep control of the cleanup for an environmental disaster it caused, offered to cut retirement and elder health benefits, and repeatedly insisted that the government should cut costs. This president is less socialistic than most of his predecessors, including many Republicans.

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