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Icahn seems to be referring to the past eight years under Barack Obama, a time when the government mandated health care coverage for all Americans and also put in place many reforms for Wall Street and big banks.

Icahn was named an adviser to the Trump administration last month, with a specific focus on undoing or softening some of the rules put in place during the Obama administration.

The Trump team said Icahn would help "American entrepreneurs shed job-killing regulations that stifle economic growth."

Some were quick to take issue with Icahn's claims on Twitter though.

A user named @Momma2 simply wrote "Have you read the reviews?" and tweeted a link to a column by leading conservative writer George Will, who dubbed Trump's speech "the most dreadful inaugural address in history."

And @urbanerogue wrote that, "yes Carl, both you and Donald have struggled bigly under the last few years of socialism, how about that DOW?"

The Dow soared about 140% during Obama's eight years in office. After bottoming out in March 2009, the market roared back from the depths of the 2008 financial crisis and Great Recession and is now trading near record high levels.

Related: Refinery controlled by Carl Icahn soared after Trump named him an adviser

Many experts say that Obama's policies deserve some, albeit not all, of the credit. Low interest rates from the Federal Reserve and innovation from tech giants Apple (AAPL, Tech30), Google (GOOGL, Tech30), Facebook (FB, Tech30) and others in Silicon Valley also helped fuel the market's surge.

Still, some on Twitter defended Icahn and Trump. @jdcaetano wrote that "8 years of Democratic socialism should never have been inflicted on us! Let's move onward and upward."

And @Italians4Trump tweeted, "Thank you! You better believe it! Now we will go towards Capitalism, the system that made our country great! #Capitalism #EndofSocialism."

Investors initially greeted Trump's win as a positive sign too. Shares of Icahn's own publicly traded firm Icahn Enterprises (IEP) have surged since Trump won the election, along with the broader market.

But the market has pulled back in recent weeks due to concerns that Trump's isolationist policies could actually be detrimental to Corporate America. Icahn Enterprises is down more than 2% as well.

And Icahn even conceded in an interview with CNN's Poppy Harlow last month that he thought the market rally following Trump's win was "a little overdone."

CNNMoney (New York) First published January 23, 2017: 10:37 AM ET

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Carl Icahn declares end to 'socialism' in U.S. - Jan. 23, 2017 - CNNMoney

Investment guru Carl Icahn tweeted Monday morning that Trump's inauguration speech was "brilliant" and left "no doubt our dangerous slide towards socialism is over."

Icahn, a veteran of Wall Street who founded his own securities firm, seems to be referring to the past eight years under Barack Obama, a time when the government mandated health care coverage for all Americans and also put in place many reforms for Wall Street and big banks, CNN Money reported.

Trump last month named Icahn to be a special adviser on issues regarding regulatory reform.

Icahn, an early Trump supporter, is estimated to worth more than $16 billion. Trump in a statement said the 80-year-old Icahn, one of the nation's leading investors, is "not only a brilliant negotiator, but also someone who is innately able to predict the future, especially having to do with finances and economies."

During his campaign, Trump repeatedly vowed to cut back on the number of government regulations on American business owners. Icahn said in a statement American businesses "have been crippled" by regulations.

For sure, Trump will be a demanding leader who applies the best of his negotiating skills to push for U.S. growth, bestselling author David Horowitz told TheStreet.com.

Trump wont be an ideological purist like Republicans who support free trade but don't fight for fair trade, Horowitz said.

If you just say, well we're for free trade and we're not going to look at the deals that we make -- that's not a good idea, he said. We've had an anti-business president now for eight years who doesn't take a hard-nosed attitude towards these deals. Trump is going to get better deals for us, which is still free trade.

Horowitz's new book "The Big Agenda: President Trump's Plan to Save America," released just this week, reveals Trump's "first 100 days strategy" to roll back Obama's legislative and executive record.

Horowitz's new book is the first book about the Trump presidency and has soared to the top of the Amazon bestseller charts, becoming the No.1-selling book on the web. Trump will also lead the way in making infrastructure spending to boost the U.S. economy, Horowitz said.

If the economy grows as it will under Trump, there's going to be a lot more money to spend, he said.

"Big Agenda: President Trump's Plan to Save America" is available at bookstores everywhere or get your copy on Amazon Click Here Now

(Newsmax wire services, AP, Reuters and Bloomberg news contributed to this report).

2017 Newsmax Finance. All rights reserved.

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Carl Icahn Declares End to 'Socialism' in US - Newsmax

On whether or not socialism would work in the twenty-first century

A few weeks ago at McGills bi-annual Activities Night, I overheard a spiel by a member of the Socialist Fightback as he explained with admirable passion why the capitalist system is inefficient. He criticized the fact that there exists a myriad of corporations with the exact same objectives. To make the best car, for instance, or the most accessible or advanced computer. Rather than compete and undermine each others efforts, he asked, wouldnt it be more efficient if there was just no competition at all?

Intuitively, the case really does seem sound. Economically speaking, what we refer to as a command economy, a system in which the government decides everything about commerce, is the most ideal system. Being able to decide precisely how much to produce is the dream of any economy, and the case for one supervisory power naturally does make sense. But that the State in this role, with human nature so inclined to greed and selfishness, should know exactly how to do this when firms concerned only with maximizing profits nevertheless still struggleis questionable. And that it should be responsible for all production makes the skepticism all the more profound.

Is socialism dead? This question occurs to me as I look at my calendar and see that this year marks the 100th anniversary of the Russian Revolution, the historical realization of Karl Marxs indelible project. For reasons I cannot quite explain, the question is ominous. But it seems to me that its centennial year is as good a time as any to, at last, try and answer the question.

In the college setting, a debate on this question would not be hard to find. The average McGill student, even if not a determined, aspiring politico, more often than not has something to say, oftentimes, against capitalism. I should perhaps mention that this article is not meant as a defense of capitalism, but only to articulate that socialism does not work. Socialism is founded on a paradox, which when realized, makes clear not only why it does not work, but why it cannot work.

The socialist argues that in our current state of affairs that is, a capitalist one we as human beings are unable to actualize our true selves because the system does not work in our favor. Indeed it does not even work against it; it doesnt care for us at all. In our current system, that migrants who work modest jobs in factories have no true control over their own lives is of no consequence, because the system does not even recognize them as human beings. Rather, they are treated merely as a means for profit, and their desires, interests, and pursuit of happiness are simply not relevant to the discussion. To this, socialism proposes the following solution: instead of allowing corporations to run themselves, the government should be given total control of societys means of production.

But suppose that we follow that course of action and, in fact, many parts of the world already have. To name but a few: the Leninist and Stalinist phases of the Soviet Union, Chavezs Venezuela, and the late Fidel Castros Cuba. These examples make it clear that power is inherently corruptible. And this is a reality that the socialist cannot quite accept. What they have merely done is confer what was in the first place so detestable about the corporations onto a government that is only able to avoid abusing power for profit because it has no need to.

The danger here is that economic power invariably translates to political power. In our capitalist society, it is not unfamiliar to us to hear about the influence of the wealthy on politics. In their favor, the government allows for deductions on mortgage interest, tax-cuts, and even tax-exemptions. But suppose the government should have total economic power. These particular injustices will likely cease to exist, but at what cost? If we look to the twentieth-century for answers, it becomes clear that the cost is liberty. If the government controls all facets of the economy, it gains leverage over every person or group that would wish it ill. Consider Cuba, perhaps the only remaining truly socialist country today. To quote an article from the Havana Times, the governments effort to have the country conform to one will is such that even the media does not question decisions taken.

In the socialist state, then, the government, having a monopoly on both political and economic power, can organize society as it sees fit, and with virtually no opposition. This cannot be the portrait of equality envisioned by the socialist. Intrinsically socialist societys defining feature is not equality, but the governments unrivaled capacity for coercion. And it is for this reason that societies which have descended down this path have by and large fallen into disarray, and have emerged from it bare.

The objectives of socialismequality, efficiency, and true freedom for the working people are ones we all want to effectuate. But they are by no means exclusively socialist concepts. Although I have given only a vignette of its belying problems we see that, so from working towards their realization, socialism actually works counter to them. Its main problem is that, in its vision, it underestimates the capacity of power to corrupt even the noblest of ideals and individuals (we must remember that even the State comprises of human beings), and our limits. That is, that it does not follow from the fact that all people are altruistic some of the time, and that some people are altruistic all of the time, that all people are altruistic all of the time. But this is exactly what Socialism not only expects but requires. In these regards it turns a blind eye, and it is for this reason that not only does it not work, but also why it cannot work.

What is left, I believe, is to turn to the present, and reflect on how we can better our political and social condition, not from a socialist or capitalist, liberal or conservative perspective but from a rational, humanist one. Perhaps along the vein of a Rawlsian conception of justice as fairness, whereby some inequalities may be permissible if, and only if, they benefit the worst-off in a society. Moreover, and perhaps more importantly, we must realize that there is a plurality of values and unavoidable trade-offs among them. Liberty is not equality, equality is not liberty, and the choice of either liberty or equality does not automatically make for a clear conscience. But I think we can all agree that any system founded on a paradox, that is too conducive to their negation because it is too ready to surrender too much to any government, should be at long last discarded.

Read the rest here:
Is socialism dead? - The McGill Daily (blog)

Watch the full video response here.

Sisters and brothers,

Donald Trump is now Predator in Chief, and head of one of the most dangerous and right wing administrations in U.S. history.

In his inauguration speech, a few minutes ago, Trump said that his government will follow the righteous path, that it will be a government for the people. That the forgotten men and women will be forgotten no more. That he will create schools and good jobs for all, and bring back the wealth to the working people of America.

But, sisters and brothers, Trump is a liar and a con-man. He has built his administration on the worst muck of the billionaire class, right wing bigotry, and the corporate elite.

There is absolutely no mandate for Trumps hateful, anti-worker, misogynist agenda. Trump will arrive at the White House with the lowest approval ratings of any incoming American president, hovering around 40%.

But opinion polls will not be sufficient to stop him.

Trump and the billionaire class only understand one thing: power.

Our over-riding task is to build the power of the 99% working people and all those marginalized by the capitalist elite.

As a socialist, I completely reject the compromising of elite liberalism, which Hillary Clinton perfectly expressed when she said after the election that Trump deserves our support and that we should give him a chance. Nor can we afford to wait until the 2018 and 2020 elections to vote the Republicans out.

Trump can be defeated if we build massive resistance now. History is full of examples of right wing governments forced to partially or completely retreat in the face of mass movements.

Today and this weekend, protests, mass marches, and student walkouts are taking place all across the country and around the world. Hundreds of thousands of people, perhaps millions, are protesting to send a powerful message that we are ready to fight against Trump and the billionaire class.

My organization, Socialist Alternative, has been at the forefront of protests against Trump since the beginning. We called for protests in major cities around the country the day after elections, and mobilized over 50,000 people on the streets.

For this inauguration weekend, Socialist Alternative is helping to organize students walkouts and protests in dozens of cities, as a launchpad for our resistance.

To defeat Trump will require a massive and ongoing movement, that bases itself on maximum unity in action and the social power of the working class.

But what does this mean?

To answer Trumps vicious attacks will require building up a determined, fighting movement. One that seeks to mobilize millions from below into collective struggle, building grassroots, democratic structures, our own independent organizations.

Timid, symbolic protest will not be enough. We will need to organize mass non-violent civil disobedience. Marches of tens of thousands of people can shut down highways and find other ways to shut down business as usual. We need mass, peaceful, direct actions to block efforts to deport our immigrant brothers and sisters.

To inspire huge numbers to take action, we need fighting demands that point to an alternative vision of society that puts people and the environment above the profit-driven agenda of big business.

Of course we need to mobilize around defeating the litany of attacks from Trump and the Republicans, from defending the gains that were won by the Affordable Care Act, to defending public schools.

But this needs to be linked to putting forward audacious demands that can inspire with the promise of a dramatic improvement in peoples lives, like those popularized by Bernie Sanders:

Bernies bold program inspired enthusiasm from millions, especially young people, while Hillarys timid, corporate friendly, proposals of tinkering around the edges failed to mobilize them.

This weekend needs to be our starting point. As an immediate next step, lets make March 8, International Womens Day, a day of defiance against Trump and the disgusting misogyny and sexism he represents. A day of mass action, protests to defend Planned Parenthood, and against all forms of sexual violence.

May 1 is International Workers Day and of immigrant protests. Our target should be to bring millions into the streets in a truly massive wave of demonstrations for immigrant rights and against racism.

We can look to 2006 as our example when a huge immigrant workers strike stopped an anti-immigrant bill in its tracks.

In these struggles, we will need the broadest unity in action of all those forces prepared to seriously struggle against Trump and the Billionaire Class.

Unions, immigrant rights, womens, civil rights, LGBTQ, environmental organizations and activists, Sanders supporters, progressive Democrats, Greens and socialists.

But there is no avoiding that there are major political differences of strategy and social interests in this movement.

Our movement needs to base itself on the needs of the struggle against Trump and the Billionaire Class. We can not let it be subordinated or restricted to the limits of what the corporate leadership of the Democratic Party will allow.

Democrats in Congress will be put to the test in terms of their willingness to stand firm against Trump.

Lets remember, when Obama first took office in 2009, he had massive popular support, the Democrats had 60 seats in the Senate and a large majority in the House. Yet the Republicans succeeded in relentlessly fighting Obama, blocking much of his agenda.

There is no reason the Democrats in Congress could not seriously obstruct much of Trumps agenda, with the Republicans only having a razor slim majority of 52 seats in the Senate. Trump will not be able to appoint a right-wing zealot to the Supreme Court if the Democrats stand firm and filibuster him.

Will they?

Unfortunately, recent experience does not inspire confidence in the Democratic Party, especially the pro-capitalist politicians who dominate the Party.

We saw this in the cowardly refusal of the vast majority of Congressional Democrats to challenge the results of this election, based on voter suppression.

I commend the stand of those Congressional Democrats who refused to attend Trumps swearing in today, but we need to recognize that the majority of their colleagues refused to do so, instead shamefully attending.

But most outrageous was the recent decision by 13 Democrats to join Republicans in siding with Big Pharma against ordinary working people.

As a socialist, I do not think the Democratic Party is offering the kind of combative, working class, or movement-based leadership that will be needed to confront a ruthless foe like Trump.

Working people and the 99% need to build an alternative to the right-wing Republicans and Wall Street Democrats, our own political voice.

A new political party that rejects all corporate donations and instead bases itself on the funding and active support of working people and progressive organizations.

A grassroots, democratically run party that fights unreservedly for the interests of the 99% and against big business. That runs anti-corporate candidates all over the US.

I recognize that many honest activists are trying to take back the Democratic Party, following the lead of Bernie Sanders.

Our differences should not stop us from working together to build the largest struggle in the streets against Trump and the Billionaire Class, while continuing to have a honest debate about strategy as we work together within our movement.

In these trying times, I am given great hope by the new found spirit of rebellion amongst young people. Most important is the growing support for socialism, with thousands joining socialist organizations across the country.

The reason why is no mystery: capitalism is a failing system.

Donald Trump is a particularly repulsive expression of the predatory nature of the capitalist system itself.

We found out this week than now 8 people, just 8 people, now own more wealth than half the worlds population. We also found out that global temperatures, for the third year in a row, have broken all previous records that climate disaster continues to rapidly advance.

We need a radically different society. We need socialism.

Socialism means a society run by and for working people, rather than the billionaire class.

A society where the major corporations are taken into public ownership so we can democratically plan how to use societys resources to meet human need, rather than private profit.

An egalitarian society, rather than the dog-eat-dog, bloody competition of capitalism.

A society based on international cooperation rather than the vile nationalism that Trump is promoting.

A few days ago we celebrated Martin Luther King Day. Dr. King, in his final years, was becoming a socialist. In 1966 he said: You cant talk about solving the economic problem of the Negro without talking about billions of dollars. You cant talk about ending the slums without first saying profit must be taken out of slums There must be a better distribution of wealth, and maybe America must move toward a democratic socialism.

Sisters and brothers, another world is possible. I hope you will join us in the fight for a socialist future. There is no time to lose. Get organized!

#ResistTrumpDonald TrumpfeatureinaugurationKshama SawantSpeechTrump

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Kshama Sawant's Response to Trump's Inaugural Speech | Socialist ... - Socialist Alternative

Rand Paul knocked down Bernie Sanders criticism of America.(Screenshot)

During the Congressional hearing for Dr. Tom Prices nomination for Secretary of Health and Human Services, Sen. Rand Paul (R-Ky.) slammed Sen. Bernie Sanders (I-Vt.) and his socialist ideology.

Sanders said during the hearing on Wednesday that America was not a compassionate country. His reason is that the U.S. does not have a universal healthcare system like most other Western nations.

Being a physician, Paul wouldnt stand for Sanders criticism and asked Price if he, like the Kentucky Senator, provided free medical coverage for anyone in need, regardless if they had the means to pay.

Paul doubled down by slamming Sanders entire ideology, comparing the U.S. which gives billions of dollars to the poor to nations like Venezuela. Venezuela is supposed to be compassionate, but their people are too poor to eat.

The criticism didnt sway Sanders who took to Twitter on Thursday to double-down that America wasnt compassionate.

(Twitter)

Here was the original moment when Sanders was triggered by Dr. Prices testimony.

Link:
Rand Paul slams Bernie Sanders: Socialism not the same as compassion [VIDEO] - Red Alert Politics (blog)