Saturday, December 11, 2010

Romney $10,000 bet vs Obama $500 Million bet - Capitalism vs Socialism

During the Republican Presidential debate on Saturday, Mitt Romney challenged Rick Perry to a $10,000 bet over a passage he had written in his book about his health care policy.

Former Obama adviser, Bill Burton pounced upon Romney and tweeted, "Not alot of 99%'ers are out there making $10,000 bets." The DNC and the mainstream media quickly joined the chorus and portrayed Romney as a wealthy, privileged individual, who is out of touch with the middle class.

But truth be told, Romney was simply using his own hard-earned money to wager a pretty simple and low-risk bet. Barack Obama, though, by his own admission, has used millions upon millions of taxpayer dollars to make bets on investment projects that faced the strong prospect of failure.

The contrast can't be any clearer: It's Capitalism vs. Socialism.

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