Which economic ideal will Obama take; free market or centrally planned, if elected?
A free market economy is an economic system in which economic decisions and the pricing of goods and services are guided solely by the aggregate interactions of a country's citizens and businesses and there is little government intervention or central planning. This is the opposite of a centrally planned economy, in which government decisions drive most aspects of a country's economic activity.
Public Comments
- In between: Free market with slight government regulations.
- Tough question. The free market isn't working so well. We have Wall Street on the tax payers treat with no promises to pay us back either, i.e. Bear-Sterns. The deregulation of the banking, electrical, and mortgage industry has turn out to be a major rip off to consumers. The GOP's brand of capitalism has been a cruel trick to working Americans. Obama 08
- You must not know the difference between Republicans and Dems. Dems want government in the middle of everything!
- It will be in the middle like it usually is but Obama will greatly increase government oversight and control..
- Democrats and liberals know one thing about government and that is that for them to stay in power they must implement more agencies and more government bureaucracies. Once entrenched they are like barnacles on a ships hull and serve no purpose but to become leeches and feed off the host that is giving them they free ride. So to answer your question it will be more centrally planning and more big government brought to us by our cute little furry friendly liberal friends.
- Government regulations are for the purpose of benefiting a free market, not controling it. Socialism is fascism by another name. Any kind of government control is fascism. Limited government is what has made America what it is today, driven by a free market (with some government regulation).
- I think the so called free market has proven itself a disaster again, just as it did leading up to the Great Depression. It isn't free. If its left alone, monopolies form, prices rise, quality suffers, jobs disappear. It all happened leading up to the Great Depression, and its happening again now. 70 million Americans can't even afford health insurance. Why? Its a "free" market where about 40 % of the money for health care is directed into profit for corporations and paperwork. Its absurd. The country has to either dump this phony "free market" dog eat dog capitalism, or it will go under. Its as simple as that. Behold--the controlled economies from Europe to Asia and even to Latin America are all booming right now, and ours is collapsing. Change it. Fast.
- First of all, no country, and certainly not the United States, operates on complete free market principles. In the US, we get tax deductions for mortgage interest and countless other expenses. Purchasing auto insurance is mandatory in most states. Businesses are regulated for safety, employee rights, capital adequacy and more. Tariffs are created to protect domestic industries. Pres. Bush decided that the government should give prescription drug benefits to seniors. We're not exactly a free market even now, far from it. Will Obama change that? Not much. I can't think of any significant proposal being discussed by him that would further reduce the operation of the not-entirely-free market. Can you?
- Well neither, since we have neither now. We have a regulated market, since the free market has too many wide fluctuations. Teddy Roosevelt broke up the 'Trusts' because the free markets did not serve the country well. Unfortunately present day Presidents and Congress have forgotten that and now we must bail out all of these financial institutions that were unregulated.
- he wants to tax, regulate and govern the free market here. can you say. naturalization? some have even called for that already. that would be the demise of America. our oil companies provide services, products and jobs that are critical. yes the make profits, that is what business do. yet most do not realize that they operate on a profit margin of 8 percent, well below starbucks and they are having a hard time staying open. also, most don't realize that while exxon mobile is our largest oil company it ranks 14 in the world market. the Dem's want to punish ours and this serves to support the foreign ones. this doesn't make sense. it would result in a flight over seas. American business pay the highest tax rate in the world except for Japan. most do not realize this fact either. we need businesses and i really don't know when it became evil to run a business and be successful. btw: the are rich Dem's who have oil investments like anyone else who has a job and a pension plan. they all have benefited to this increase too. as well as the feds since they received record taxes on those record profits. they are not willing to give this up easily. Entrepreneurs and their small enterprises are responsible for almost all the economic growth in the United States. Ronald Reagan
- He a Socialist educated by Communists. Of course Central Planning and lots of it.
- If he doesn't choose free market, he's going to be overthrown within days.
- haha...who cares what this phoney baloney obamy will take? who CARESSS?? hes gonna be a mere footnote to this election. Obamy is Black Irish! Not Aferker merkin as the media and obamy have revealed. But i know of few Irish who will support this phoney, especially since he married that ghetto woman with her black liberation theolgy church and stuff! how could he stay in a black church for 2 years and not hear any of this bullcrapo from WrongWright and others. How could he have asked the Terror Duo of Ayers/Dorhn for political advice. They are evil personified. Obamy has no idea how to run a countries economy. he no Bill Clinton :-)
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