The View From 1776

The Origin of President Obama’s Fascist State Corporatism

The origin of President Barack Obama

President Obama’s economic programs bear close resemblance to the 1920s Fascist State Corporatism of Benito Mussolini. 

The Federal government has nationalized banks and automobile companies, firing executives, deciding what products will be manufactured and where, and commanding banks to lend money to poor credit risks.  Cap-and-trade “green” legislation will force a massive increase in energy prices for the industrialized nation between the heavily liberal-progressive-socialist East and West Coasts, along with the loss of many thousands of manufacturing jobs.  Ever more detailed regulation of our daily lives is being imposed across many sectors of the economy.

After imposition of the President’s procrustean global warming policies, government will become the major generator of new jobs.  This is what Friedrich von Hayek called The Road to Serfdom.

The essence of President Obama’s political and economic program was summarized in a book published just before the start of Franklin Roosevelt’s 1932 presidential campaign.  That book, Mr. Stuart Chase