Posted by: The Elephant Owner in Economics,Free Markets on June 18th, 2008
According to a Rasmussen phone poll of likely voters, only 47% were opposed to nationalizing the oil inudstry. 66% of Republican oppose it.
These numbers are amazingly low.
The government already takes 10% of the economy to pay for Social Security, Medicaid and Medicare.
The government runs our schools and spends over 7% of GDP on education
The Democrats are pushing to take another 20% in the form of Universal Health Care
If they take the oil industry, nearly 50% of the country will be run by the federal government
If these last two steps are taken, will we really that far from a socialist society?
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