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Ignoring the lessons of our history, Obama’s economic policies of big government, enlarged federal control over our lives and eventually, as even he predicts, increased taxation has garnered a name of its own – “Obamanomics.” Obamanomics is simply the philosophy of socialism, loosely defined as “collective or governmental ownership and administration of the means of production or distribution of goods.” Nations that embrace socialism inevitably experience stagnation and economic decline. (en) |
