Is Liz Cheney calling Obama a socialist?

July 18, 2011 05:16

Liz Cheney discussed Obama’s confused press conferences from last week. She says what Obama is proposing is not capitalism.


1.   a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.
2.   procedure or practice in accordance with this theory.
3.   (in Marxist theory) the stage following capitalism in the transition of a society to communism, characterized by the imperfect implementation of collectivist principles.

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