Obama recently told a group of college students that the economics of "you're on your own" doesn't work, that we've tried that. Well, Obama was never a very good student from what I understand, he was socially promoted in many cases and kept on as a favorite, so I can overlook his poor take on history. Or, maybe he has been re-writing history so long he doesn't recall the actual history. Either way, the fact is that we have never tried "you're on your own" economics, not before the first depression and not in the past decade.
Our economics have been capitalist.
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