Eight years of Bush, and now only 53% of American adults believe capitalism is better than socialism

Those Republicans are a funny bunch. First they destroyed the appreciation of America around the world and now it looks as though they have turned off millions of Americans to capitalism. Looking at what they did to it, it should come as no surprise. Too many people associate capitalism with what the GOP delivered but that was not the capitalism that we used to know. Over time we found a system that allowed business growth coupled with benefits to workers and consumers. That all changed courtesy of the Republican party (with some Democratic help) who somehow thought that was not enough. The GOP never knew when to stop and now we have this. Rasmussen:

Only 53% of American adults believe capitalism is better than socialism.

The latest Rasmussen Reports national telephone survey found that 20% disagree and say socialism is better. Twenty-seven percent (27%) are not sure which is better.

It’s time to leave the Summers-type Democrats in the past where they belong and move onto an economic system that works for everyone. No system is ever perfect but we need to get back to the balance and flexibility that used to exist. The US is still an easier place to do business than in much (or all) of Europe and when it’s working well, it has the potential to generate a lot of jobs of all types. The two-tiered jobs that the GOP economic brains delivered is not what we need. It’s time to get back to finding a reasonable balance.

An American in Paris, France. BA in History & Political Science from Ohio State. Provided consulting services to US software startups, launching new business overseas that have both IPO’d and sold to well-known global software companies. Currently launching a new cloud-based startup. Full bio here.

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