Nationalizing AIG shows that we are socialist.
Well, what frightens me is that if the hard lefties/socialists/commies are saying it’s NOT socialism, that pretty much means it is.
Hoss
He should also be quite confident that he has not a prayer of winning because he is not on the ballot in at least 45 states.
Anybody know which states allow non-citizens to run for the Presidency?
Yes and now does it make any diff who wins election. Real estate and finance are now already socialism. Next will be health insurance comanies and oil companys. It’s over.
That's all this article is. A cheap attempt at saying, "see see! even the commies don't think this is socialist! its ok! give us the taxpayer cash!".
This is the end of the line, maroons. The government is running a soup line for the rich. Think the rest of the gang won't chime in for some?
Next up: 5 year plans from Paulson.
This is why the doctrinaire socialists ("Progressives" as they call themselves) joined with conservatives in voting against the "bail out". They will support only those policies that increase individual dependence of government and that weaken free enterprise. They are waiting for a complete economic collapse so a communist system can be built on the ruins.
At the core of our problems today is a lack of transparency in finance which perverts the forces supply and demand and denies most people of the opportunity to participate in a market they do not see or understand.
“This is not socialism,” says Sam Webb, national chairman of the Communist Party USA. “Bailing out the biggest financial corporations in the country is a far cry from what we have in mind when we think about socialism.”
I don’t mean to split hairs, but you’re a communist, not a socialist. Socialism is one of those nebulous terms that can translate as anything between minimally-fettered capitalism and a dictatorship of the proletariat, so long as the drift is toward more government.
heh...we 'started' on the "slippery slope" when we elected FDR to a 3rd term!
We’re all lucky this bill passed. Now lets hope it works. Socialism, Communism and Fascism were all direct results of the failure to stop a crisis from becoming a catastrophe in 1929. Half the world gave up on capitalism because of it. That void was filled by socialism, communism and fascism and we spent the next 70 years fighting them.
You think allowing the Treasury to invest in mortgage bonds is socialism? Just watch what happens if this doesn’t work and hundreds of banks begin to fail. President Obama and Speaker Pelosi will have all the justification they need to enact a new “New Deal” and nationalize much of our economy.
They have to get Obama elected first.
It's socialism.
Sorry Seth but communism is quite well defined. (The Ten Planks of the Communist Manifesto)
5. Centralization of credit in the hands of the State, by means of a national bank with state capital and an exclusive monopoly.
Just watched the Socialist Party Presidential candidate, Brian Moore, on Fox News with Neil Cavuto. Moore likes the plan. He seems to think this bailout-rescue is a big step towards socialism.
You know what, he’s right.
They are right. It is not socialism in the strict sense. It is corporatism, which is a collectivist cousin of socialism.
Fine, call it Fascism. Where the businesses stay in private hands, but the government has so much regulation and fingers in them they essentially control them.