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Inch by inch we will become socialist. Yet, anyone who stands back and looks at the situation can see what an act of desperation this truly is. Our economy is hanging by a thread these days.
It doesn't seem socialist at all to me--in a very narrow sense it seems like fascism (tight linkage of gov't with private corporations).
Quote:
Originally Posted by arctichomesteader
Inch by inch we will become socialist. Yet, anyone who stands back and looks at the situation can see what an act of desperation this truly is. Our economy is hanging by a thread these days.
The only other company I think they might bail out is Citi, if it comes to that. WaMu is going to be like Lehman-- they'll let it fall with a resounding thud. As they should. WaMu had zero standards in lending. They wrote huge mortgages to anybody with a pulse and they deserve to go under. Their stock is almost worthless now, anyway.
If they were going to take the AIG profits & redistribute it for some kind of social welfare programs I might agree, but I doubt they'll do that.
Government ownership of the means of production, in a way (in this case not a factory or such as one typically thinks of). This very much is a welfare handout, just not to individuals. The Nazis were both fascists and socialists (by their definition of socialism anyways), but not entirely clearly identifiable as either one alone. A strange combination (and not a good one at that).
yes, we can at least agree that it's bad, whatever kind of two-headed monster it may be.
Just think, if Ford or GM goes down later in the year, maybe the federal government can be in the auto, mortgage and insurance business
Quote:
Originally Posted by arctichomesteader
Government ownership of the means of production, in a way (in this case not a factory or such as one typically thinks of). This very much is a welfare handout, just not to individuals. The Nazis were both fascists and socialists (by their definition of socialism anyways), but not entirely clearly identifiable as either one alone. A strange combination (and not a good one at that).
Location: where you sip the tea of the breasts of the spinsters of Utica
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Quote:
Originally Posted by analyticalkeys
It's the feds.. definitely the feds.
OK, which part of the govt is gaining control?
My understanding is that the Fed(eral Reserve) is composed of private banks put together in some kind of unholy alliance with the feds (public govt).
So you say the funds are taken from some purely govt entity, rather than the component private banks of the Federal Reserve?
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