Cafe of Broken Dreams by John scientific terrorist in action

How Is Bill Maher Wrong Or Actually Right?

I know that today is popular to support Obama as a symbol of change and hope compared to his not so famous predecessor. I personally did not like Bush, but it does not create any need for me to fall in love with Obama. However one of the most famous supporter of Obama is Bill Maher. I know Bill has some great points like his support to legalization of marijuana and  gay marriage, but his economic thinking doesn’t attract me at all.

In one episode of his talk show he suggested that the fear “the USA is going to be socialistic” is wrong, comparing assets held by private companies and the government from bailout. Check the video on facebook.

I don’t know whether those numbers are correct or not, but M. Barofsky suggested that the limit for bailout is incredibly huge – 23,7 trillion dollars. Yes the limit won’t  be reached at all and so far the USA spent just 2 trillions. But compare bailout to big American historical events.

Bill is paradoxically right, the USA is not going to be socialistic country, it already is. When government orders for what you can buy products, for what you can sell products. When it taxes more than 30% of your income and when it is going to order how you should care about your health. What it is if not socialism? I guess we should rewrite capitalism on wikipedia.