When it comes to the auto industry, who is more socialist: the United States under Sweden?
The U.S., of course:
Sweden says no to saving Saab – International Herald Tribune
Saab Automobile may be just another crisis-ridden car company in an industry full of them. But just as the fortunes of Flint, Michigan, are permanently entangled with General Motors, so it is impossible to find anyone in this city in southwest Sweden who is not somehow connected toÂ Saab.
Which makes it all the more wrenching that the Swedish government has responded to Saab’s desperate financial situation by saying, essentially, tough luck. Or, as the enterprise minister, Maud Olofsson, put it recently, “The Swedish state is not prepared to own carÂ factories.”
The only place Obama seems unwilling to use nationalization is the one place that we have a tradition of using it: to seize insolvent banks and other financial institutions.
I am sure that Obama’s $150 million fundraising record has nothing to do with this.
Since Obama became President, he has consistently attacked “middle class” values by seeking to enrich both the poor and the super-rich at the expense of the Middle Class. From the expanded school year (which helps the poor, but hurt the middle class) to bailing out the zombie speculators (which helps the super-rich, but hurts the middle class), Obama’s hostility to the petite bourgeoisie has been shocking.
How can this be, when the Defense and State Department appear to be better and more harmoniously run under Obama than Bush? And how can this be, when I was looking forward to Obama’s incompetence?
My assumption is that while SecDef Gates and SecState Clinton are actually competent to do their job, Tim Geithner is even more of a naif than Obama is. Hence, in Treasury (and Treasury alone), we are seeing a reflection of what Obama actually wants.
We face a crossroads: we can have the economy that Obama wants, or we can have someone competent at Treasury.
The more Obama defends Geithner, the more I want him out.