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Posted on 02/24/2009 3:30:33 AM PST by Scanian
When is "nationalizing a bank" not "nationalizing a bank?"
When Harry Reid says so:
Senate Majority Leader Harry Reid said he supports efforts of the federal government to dramatically expand its stake in Citigroup, but wants people to back off from the dramatic rhetoric.
Its not nationalization, its protecting the taxpayers interests, Reid (D-Nev.) told MSNBCs Morning Joe program on Monday.
In the bailout, the TARP, that we made sure the American taxpayer had a way of getting paid back for their investments, Reid said. Thats what this is all about and its the right way to go.
The federal government is in talks to take as much as a 40 percent stake in the struggling banks common stock, the Wall Street Journal reported on Sunday.
Republicans have criticized Democrats for moving closer to bank nationalization something White House Press Secretary Robert Gibbs signaled that the administration signaled would oppose on Friday.
My main concern is that Washington is sending mixed signals to Wall Street, which is causing private capital to remain on the sideline," said Rep. Scott Garrett (R-N.J.), a member of the House Financial Services Committee. "Until investors are clear about the governments intention with regard to future market interference, confidence will not be restored to the financial sector.
There's a reason gold is over $1000 an ounce. There is a reason investors are fleeing into government bonds. There's a reason the stock market is tanking.
(Excerpt) Read more at americanthinker.com ...
I look at their rhetoric as a "religious" thing.
Beliefs Feeeeeeeeeeeelings that do not require logical proof or material evidence.
Reid, Pelosi, Obama, et al are all Isflamists. What they say is flam. Obama is a Grand Wallah of Isflam second only to Bill Clinton.
[ * from 1984, Orwell; rest instituted by President Obama ]
Under Obama, there are two Americas.
One group are terrorists, thieves and tax cheats. The other are normal people - Obama's new slaves.
It’s sad when you have to doublecheck the keywords and source to try and determine if this is real or satire.
I was sure I was reading satire for a minute here (sigh).
Obama ( and other lib office holders) say "I am going to...[lower your taxes][improve our schools][stop crime][fill in your particular need]," and people say "Yay, isn't he wonderful!"
When a city stays crime ridden and students score pitifully low in their proficiency tests, and taxes go higher, decade after decade, the voters never blame the democrat office holders, because he "wanted to ...." (translated: his heart was in the right place.)
Their brains operate on a level of wishing for things to happen. When wishes do not come true, the fault is always outside of their control. And so the cycle of wishing continues with more "I'm going to...." speeches