Quote:
Originally Posted by BBQMan
I do not know if this is how Richie mean them, but I would use the term to describe the situation when government maintains control of the corporation and all its activities while the corporation participates in the private market while conforming to government dictates. In this country I think immediately of GM, Chrysler, AIG, the major Banks, Freddie Mac, Fannie Mae, etc.
Government control of these corporations is unquestioned.
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That's exactly what I'm referring to and he's not done. He's already pressuring the drug firm, Forest Laboratories, to dump their CEO as they won't do business with their company if their CEO, Howard Solomon, is at the helm. This was reported by the Wall Street Journal. I don't have an online subscription to the WSJ, so I post this link.
http://balancedgovernment.org/2011/0...nts-a-new-ceo/
But I also believe where it comes to the citizens there is plenty in Obama's redistribute the wealth policies that can be construed as socialist, by nature.
That's why I referred to him as corporatist socialist.