Read time: 1 minute

David Gergen: Accusations Of Socialism A Hollow Argument

[media id=6618] From Late Edition Oct. 19, 2008 David Gergen gives the Democrats some advice on how they should respond to being called socialists.

From Late Edition Oct. 19, 2008 David Gergen gives the Democrats some advice on how they should respond to being called socialists.

Gergen: If you go back to the distribution of wealth in 1979, thirty years ago versus today the people in the bottom eighty percent are losing compared to back then six hundred billion dollars a year. The top one percent of the population is gaining six hundred billion dollars a year compared to back then. We have had a redistribution of wealth in this country, up, and that has been aided by government policies.

Blitzer: But what the McCain people are suggesting and even Sen. McCain yesterday in his radio address suggested this is almost socialism.

Gergen: We just had a Republican government that has put a hundred and fifty billion dollars in the banks. They have injected the government more fully into the banking system, the financial system than any time in history. And so it's a hollow argument. (crosstalk) It's a hollow argument. I mean, I think the Republicans, the Democrats, if they want to join this argument they can. This is, there are very strong arguments to say "You guys are accusing us of socialism when you've just spent a hundred and fifty billion dollars as a down payment on a seven hundred billion dollar bailout."

Can you help us out?

For 16 years we have been exposing Washington lies and untangling media deceit. We work 7 days a week, 16 hours a day for our labor of love, but with rising hosting and associated costs, we need your help! Could you donate $21 for 2021? Please consider a one-time or recurring donation of whatever amount you can spare, or consider subscribing for an ad-free experience. It will be greatly appreciated and help us continue our mission of exposing the real FAKE NEWS!

More C&L Coverage

Discussion

New Commenting System

Our comments are now powered by Insticator. In order to comment you will need to create an Insticator account. The process is quick and simple. Please note that the ability to comment with a C&L site account is no longer available.

We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service (revised 3/17/2016) for information on our posting policy.

Please Do Not Use the Login Link at the Top of the Site.

In order to comment you must use an Insticator account. To register an account, enter your comment and click the post button. A dialog will then appear allowing you create your account.

We will be retiring our Crooks and Liars user account system in January, 2021.

Thank you.
C&L Team