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Old 07-25-2010, 05:20 PM
 
25,053 posts, read 26,482,221 times
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Economics Professor Failed a Whole Class For Believing in Obama

Interesting simple perspective on collectivism isn't it?
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Old 07-25-2010, 05:26 PM
 
Location: 3rd rock from the sun
3,857 posts, read 6,655,929 times
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Too bad this economics professor doesn't understand the definitions of socialist or communist and that Obama is neither.

PS. It's also an old joke that predates Obama.
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Old 07-25-2010, 05:27 PM
 
5,768 posts, read 11,172,309 times
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What socialism? The statistics seem to indicate that wealth has consolidated even more quickly during the recession with the top 1% than before.
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Old 07-25-2010, 05:32 PM
 
25,053 posts, read 26,482,221 times
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Quote:
Originally Posted by tablemtn View Post
What socialism? The statistics seem to indicate that wealth has consolidated even more quickly during the recession with the top 1% than before.
This predates Obama as I've found out and was told above. I stand corrected.

And precisely. Government creates the conditions necessary to advance socialism (consolidating wealth at the top and then blaming it on the evil rich folks) via Keynesian economics that create artificial inflation that erodes the value of the dollar for those that are not millionaires. That is how socialism is practiced in real life. Everyone is equally miserable and poor except those at the top, the political elite who now hold all the wealth
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Old 07-25-2010, 06:40 PM
 
31,381 posts, read 35,450,162 times
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Quote:
Originally Posted by theunbrainwashed View Post
and precisely. Government creates the conditions necessary to advance socialism (consolidating wealth at the top and then blaming it on the evil rich folks) via keynesian economics that create artificial inflation that erodes the value of the dollar for those that are not millionaires. That is how socialism is practiced in real life. Everyone is equally miserable and poor except those at the top, the political elite who now hold all the wealth
Grade: F
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Old 07-25-2010, 07:03 PM
 
387 posts, read 509,895 times
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Obama is pretty conservative for a Democrat.

And I thought all professors were "liberal?"

Quote:
Originally Posted by Gary Siete View Post
Too bad this economics professor doesn't understand the definitions of socialist or communist and that Obama is neither.

PS. It's also an old joke that predates Obama.
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Old 07-25-2010, 07:05 PM
 
25,053 posts, read 26,482,221 times
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Quote:
Originally Posted by ovcatto View Post
Grade: F
Can't bear to hear the truth I see
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Old 07-25-2010, 07:06 PM
 
387 posts, read 509,895 times
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Socialism is taking from the rich and giving to the poor. And that clearly isn't happening. The poor are not living in kitsched up gold plated trailer parks.

Quote:
Originally Posted by tablemtn View Post
What socialism? The statistics seem to indicate that wealth has consolidated even more quickly during the recession with the top 1% than before.
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Old 07-25-2010, 07:11 PM
 
Location: Portland, Oregon
7,084 posts, read 11,597,494 times
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LoL, what a spin of story told on blogs. Never naming who it was, or where it was, or when it was, or it pretty well violates public university policies.

Especially all those people who posted links to the decade of the same story circulating around the Clogosphere.

It's like that 5th grader who supposedly debunked Keynesian economics, who was the figment of a blog writers mind.

I don't think I'll base my positions of fact on stories of fiction.
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Old 07-25-2010, 07:14 PM
 
Location: Syracuse IS Central New York.
8,515 posts, read 4,337,214 times
Reputation: 4067
Quote:
Originally Posted by theunbrainwashed View Post
Economics Professor Failed a Whole Class For Believing in Obama

Interesting simple perspective on collectivism isn't it?
Interesting that there is no name of the college or of the professor, or even when.

Suggest you take a look at snopes.com, a website devoted to debunking urban legends. It appears that this story has been around about 15 years, along before Barack Obama was ever elected president.


snopes.com: Socialism Grade Averaging
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