The hysterical over-reaction to JPMorgan Chase's $2 billion loss shows that Washington doesn't really care about the real world. Everything is an occasion for grandstanding.
Fascism is when the government chooses to punish some businesses in order to put fear in other businesses.
Fascism is when some businesses bend over backwards to support politicians in a sycophantic manner, because they want government protection.
Fascism is when the concept of private ownership is maintained, but the government essentially controls businesses through both carrots and sticks so that the economy has de facto centralized control.
And centralized control doesn't work.
And Fascism gets ugly when things don't work.
posted on 05/18/2012 4:42:24 AM PDT
(Like Emmett Till, Trayvon Martin has become simply a stick with which to beat Whites.)
Where did the $890 billion of BO’s stimulus go?
The government has no idea how many billions are paid in Medicare fraud every year.
Yet, they get their panties in a wad when a private bank loses $2 billion, while making $6 billion last quarter. If our corrupt government ever did that well, we wouldn’t be $20 Trillion in debt.
posted on 05/18/2012 5:53:58 AM PDT
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