Skip to comments.The Historic Winston vs. Barack Debate
Posted on 10/30/2012 3:21:18 AM PDT by Cincinatus' Wife
...........Moderator: We turn now to the economy and domestic policy. It's your turn to go first, Mr. President. What are your thoughts on the proper role and scope of government? Do we need more government, or less?
Obama: We need more--for two reasons. We need more regulation to keep greedy capitalists from ripping off everyone else. And we need more government intervention and planning to pick the economic winners of the future.
I'll help our auto companies retool, so that the fuel-efficient cars of the future are built right here in America. I'll make it easier for American people to afford these new cars (by providing government rebates). And I'll invest $150 billion over the next decade in affordable, renewable sources of energy--wind and solar power and the next generation of biofuels, an investment that will lead to new industries and five million new jobs that pay well and can't ever be outsourced.
(August 2008, Obama speech)
We can see the positive impacts right here of Solyndra. Less than a year ago, we were standing on what was an empty lot. But through the Recovery Act, this company received a loan to expand its operations. This new factory is the result of those (government-guaranteed) loans.
(2010, Obama speech--before Solyndra went bankrupt, laying off 1,000 workers and leaving taxpayers on the hook for $500 million in loans.)
Somebody helped to create this unbelievable American system that allowed you to thrive. Somebody invested in roads and bridges. If you've got a business -- you didn't make that happen. Somebody else made that happen.
(July 13, 2012,Obama speech)
Moderator: What are your thoughts on this subject, Mr. Prime Minister?
Churchill: I've said it before and will say it again: "The follies of socialism are inexhaustible."
I watched the long, slow, agonizing decline of British industry under socialism following World War II
(Excerpt) Read more at spectator.org ...