09-29-2008, 06:23 AM | #1 |
Senior Member
Join Date: Nov 2006
Location: Utah
Posts: 1,148
|
We are officially Socialist
The government is using tax dollars to buy insurance companies, mortgages, real estate, and who knows what else. If this isn't Socialism, what is? $700,000,000,000 bailout? That is roughly $2300 for every man, woman, and child in the US. Throw in the Iraq war, social programs, defense spending, education, foreign aid, etc. and you can come to no other conclusion than that our currency is a farce. You know they aren't going to raise taxes to pay for this because there would be a national uproar. Instead they just borrow money from the Federal Reserve and further devalue the currency. We have government manipulation in the markets. It's more than just oversight or regulation. It is downright manipulation.
|
09-29-2008, 12:41 PM | #2 | |
Senior Member
Join Date: Jan 2006
Location: Between Iraq and a hard place
Posts: 7,569
|
Quote:
|
|
09-29-2008, 12:47 PM | #3 | |
Demiurge
Join Date: Aug 2005
Posts: 36,367
|
Quote:
Remember, capitalize the profits, socialize the losses. |
|
09-29-2008, 01:12 PM | #4 |
Senior Member
Join Date: Jan 2006
Location: Between Iraq and a hard place
Posts: 7,569
|
Pay the owners? If the government has purchased the mortgages for pennies on the dollar, they've already paid the owners with no regard to the future losses or gains.
|
09-29-2008, 01:16 PM | #5 | |
Demiurge
Join Date: Aug 2005
Posts: 36,367
|
Quote:
If these assets were a great deal at 70 cents on the dollar, don't ya think there would be a big market for them? |
|
09-29-2008, 01:17 PM | #6 |
Member
Join Date: Jan 2006
Location: SLC
Posts: 441
|
Pennies on the dollar - maybe we can make a profit & pay down the debt a bit. That would be a welcome bonus.
|
09-29-2008, 01:19 PM | #7 |
Senior Member
Join Date: Jan 2006
Location: Between Iraq and a hard place
Posts: 7,569
|
|
09-29-2008, 01:36 PM | #8 |
Member
Join Date: Jan 2006
Location: SLC
Posts: 441
|
I'd much rather have the possibility of significant financial compensation than just be the candy man, the banker of last resort. If that is socialism, so be it.
|
Bookmarks |
|
|