Friday, October 29, 2010 The Invisible Hand gives Obama the finger

Tom Tomorrow has done some wonderful satire on the Adam Smith's 'The Invisible hand." Now M. Wuerker of comes up with another fine cartoon.

The economic mess was created by Wall Street and private enterprise, and encouraged by "the Bush Ownership Society."

This term appears to have been used originally by President Bush (for example in a speech February 20, 2003 in Kennesaw, Georgia) as a phrase to rally support for his tax-cut proposals (Pittsburgh Post - Gazette, Bush OKs Funding Bill for Fiscal '03, Feb 21, 2003 Scott Lindlaw).

From 2004 Bush supporters described the ownership society in much broader and more ambitious terms, including specific policy proposals concerning medicine, education and savings.

The idea that the welfare of individuals is directly related to their ability to control their own lives and wealth, rather than relying on government transfer payments, is a longstanding one, particularly in British conservatism.
In a modern form its implementation was developed as a main plank of Thatcherism . . .

...if you own something, you have a vital stake in the future of our country. The more ownership there is in America, the more vitality there is in America, and the more people have a vital stake in the future of this country. - President George W. Bush, June 17, 2004

We're creating... an ownership society in this country, where more Americans than ever will be able to open up their door where they live and say, welcome to my house, welcome to my piece of property. - President George W. Bush, October 2004. 

George Bush called this the ownership society, but what he really meant was 'you're-on-your-own' society. - Barack Obama, 2008

source: Wikipedia

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