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Fed may purchase private bonds
USA Today ^
| 9/06/01
| Dina Temple-Raston and Jonathan Weisman
Posted on 09/06/2001 12:00:27 AM PDT by kattracks
Edited on 04/13/2004 1:38:14 AM PDT by Jim Robinson.
[history]
WASHINGTON
(Excerpt) Read more at usatoday.com ...
TOPICS: News/Current Events
KEYWORDS:
1
posted on
09/06/2001 12:00:27 AM PDT
by
kattracks
To: kattracks
Stay the hell out of the private sector! It seems like bush really likes socialistic programs a lot!
To: kattracks
 This is not a precedent we ever want set. We do not want the government owning private enterprise, and we don't even want it holding private debt. Public ownership of the means of production is the dictionary definition of socialism. This was FDR's dream... to create a large enough pension fund via Social Security to buy controlling interest in the Fortune 500. This we do not need.
|
To: Nick Danger
Well said. This is a horrifying idea. Quite shocking, actually.
4
posted on
09/06/2001 3:13:58 AM PDT
by
Sandy
To: kattracks
It will be the formal establishment of fascism - de facto fascism is now being announced via Klamath Falls land grab under cover of the ESA.
5
posted on
09/06/2001 4:20:56 AM PDT
by
Anochka
To: Nick Danger
Amen!
6
posted on
09/06/2001 4:22:18 AM PDT
by
bvw
To: Libertarian_4_eva
Excuse me, but the Fed is not part of the Bush Administration. If you have a problem, go to Greenspan.
As an aside, I also do not favor the idea. This is simply another reason why "retiring the debt" is a bad idea. If there is a surplus, it should go back to the taxpayers that are overpaying.
To: Libertarian_4_eva
Bush? You do know the "Fed" is an independant entity, don't you? They are not part of the Administration.
8
posted on
09/06/2001 5:54:27 AM PDT
by
wattsmag2
To: wattsmag2
Indeed. The FED is even a 'government' entitiy. They have stockholders and publish annual reports just like any other company.
9
posted on
09/06/2001 6:35:57 AM PDT
by
zeugma
To: Anochka, Nick Danger
Anochka is more correct, this is Fascism. Although, hey, what is the difference?
Fascists like uniforms better, that's all.
10
posted on
09/06/2001 6:39:53 AM PDT
by
bvw
To: zeugma
If some of the people on this forum would spend more time getting their facts straight and less time bashing Bush for all the country's ills, real or imagined, we could have a much more enlightening discussion.
To: bvw
It was Adolf Hitler who, when asked the difference between Marxism and national socialism, replied, "In the end they are the same thing."
I figure you can't get much more of an "expert" opinion than that on the subject!
12
posted on
09/06/2001 10:38:56 AM PDT
by
Anochka
To: Slip18
Ping!
Comment #14 Removed by Moderator
To: Sandy
Well said. This is a horrifying idea. Quite shocking, actually. I couldn't agree more. What's worse, it will probably receive very little media attention.
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