**UPDATE: I wanted to update this post I put up yesterday. No, I do not think Obama has a plan of socialism like we are commonly accustomed to (i.e. Russia’s political policies). The percentage of American corporate and business assets not held by the U.S. governemnt is $39.2 trillion, while the percentage of American corporate and business assets recently nationalized by the U.S. governemnt is $82.3 billion. That is 99.79% for the private sector and .21% for the government. Clearly we are not a socialist state. That does not, however, mean we do not have parallells or are slowly moving towards a higher diversion between the commonly held ideas of capitalism and socialism. This article very much echos my thoughts on the whole debate.**
I got this over e-mail and checked it out at snopes.com. It turns out this is just a legend and they don’t think it really happened, but the principle behind it is still very good:
An economics professor at a local college made a statement that he had never failed a single student before, but had once failed an entire class.
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That class had insisted that Obama’s socialism worked and that no one would be poor and no one would be rich, a great equalizer.
The professor then said, “OK, we will have an experiment in this class on Obama’s plan”.
All grades would be averaged and everyone would receive the same grade so no one would fail and no one would receive an A.
After the first test, the grades were averaged and everyone got a B.
The students who studied hard were upset and the students who studied little were happy.
As the second test rolled around, the students who studied little had studied even less and the ones who studied hard decided they wanted a free ride too so they studied little.
The second test average was a D!
No one was happy.
When the 3rd test rolled around, the average was an F.
The scores never increased as bickering, blame and name-calling all resulted in hard feelings and no one would study for the benefit of anyone else.
All failed, to their great surprise, and the professor told them that socialism would also ultimately fail because when the reward is great, the effort to succeed is great but when government takes all the reward away, no one will try or want to succeed.
Could not be any simpler than that.
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