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I said Fannie was nationalized, which is true, and you came up with an argument to say that it's really not nationalized because of this and that. Sure sounds like you are trying to downplay it, hence defend the action taken by Bush admin.
Any true conservative would say "yes, it was nationlaized and I don't like it". But no, you tried to downplay it.
I'm asking for a list of banks nationalized.. There are numerous banks taken over and then liquidated but thats not what your claim is.. Nationalized is the taking of a bank and then having the government run it for the purpose of running a bank, not for the purpose of securing the FDIC insured deposits up until such time the banks can then be distributed to other banks.
Tell me what banks were nationalized in 2008... CAN YOU NAME ONE FACT?
Nationalization does not mean that government employees run the company. When the government owns the company, it is 'nationalized'.
Is your argument to say that no such thing happened in 2008? If that is what you are saying, then I will give you names.
Again, you are looking for ways to defend and downplay the 2008 bailouts, and trying say that "oh, not they were not really nationalized because of this and that". Wake up!! They were taken over aka nationalized.
Quit playing word games. And if you are a true conservative, then quit defending the bailouts.
The conservative part is maximizing individual freedom from economic fear and the socialist part is government regulating or owning natural monopolies and preventing market manipulation or dominance by any participant. An example of the first is to have health care, not insurance, available for anyone that needs it. An example of the second is government ownership of electric utilities and all other natural resources. The government would, for example, own all the underground oil and mine it by contracting the private sector or using government employees. The latter is usually cheaper for the ultimate consumer.
SS is not a hand out, you pay into it and you are supposed to get it back when you retire. I doubt any one will ever get back what they paid into it, unless you live to be about 120 yrs old. so it really isn't really a hand out, it was supposed to be like a savings account, until the politions started dipping into it to fund other stuff.
That is not all there is to social security any more. Just like all government programs that start out to be limited in scope, the politicians expand it out to cover more, more and more. If you have a child who is suffering some disabilities, you can get full SS for him even if he is only 4 years old. I know this because a friend of mine had a son like that, and he was getting SS for his son.
I'm not an expert on SS, but I'm sure there are more examples of handouts like this.
My idea of conservatism when applied to freedoms, is trying to conserve the freedoms and liberties within the US Constitution. not some government dictatorship who decides which freedoms people may enjoy, and which ones the government will deny them.
That is not all there is to social security any more. Just like all government programs that start out to be limited in scope, the politicians expand it out to cover more, more and more. If you have a child who is suffering some disabilities, you can get full SS for him even if he is only 4 years old. I know this because a friend of mine had a son like that, and he was getting SS for his son.
I'm not an expert on SS, but I'm sure there are more examples of handouts like this.
Nationalization does not mean that government employees run the company. When the government owns the company, it is 'nationalized'.
Is your argument to say that no such thing happened in 2008? If that is what you are saying, then I will give you names.
Again, you are looking for ways to defend and downplay the 2008 bailouts, and trying say that "oh, not they were not really nationalized because of this and that". Wake up!! They were taken over aka nationalized.
Quit playing word games. And if you are a true conservative, then quit defending the bailouts.
Fannie and Freddy need to stop giving out loans, they need to permanently cease giving out any new loans.
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