Charles Payne

I got some interesting feedback yesterday after I compared President Obama’s speech at Florida Atlantic University to speeches and writing from Vladimir Lenin and Benito Mussolini.  

I’m surprised people would want to look the other way and imagine that such comparisons are harsh when indeed the aim of those dictators was to take power from a small ruling class of rich people and redistribute wealth to the masses.  

Of course that’s the official theory on socialism and Marxism. But  of course it never works out that way. Yet still today the hype is nonetheless the same.  I’ve written about this before especially comparisons of the economic elements of various types of fascism.

For me the most frightening aspect of the speech wasn’t that President Obama is looking to forge a new economic model where socialism meets capitalism with heavy government oversight.  Everyone has a theory and belief on what works and what doesn’t work.  

No, the scary part about that speech (it was tamped down a little yesterday in front of sympathetic business executives and CEOs) is that it’s now out in the open.   While his kimono isn’t open all the way, President Obama and the left are now selling their agenda not as a true economic policy but as a form of “fairness” or more succinctly “social justice.”

This acknowledges his economic agenda failed but it failed within the confining restraints of a capitalistic system that he says is simply rigged.  

That’s why President Obama always mentions rich people aren’t paying their fair share legally.  

Charles Payne

Charles V. Payne is a regular contributor to the Fox Business and Fox News Networks. He is also the Chief Executive Officer and Principle Analyst of Wall Street Strategies, Inc. (WSSI), founded in 1991 which provides subscription analytical services to both individual and institutional investors.

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