Quote:
Originally Posted by Porsche-O-Phile
Just heard that the government is going to buy up all the *****ty loans made by irresponsible speculative idiots that bought beyond their means for the last 8-or-so years. What do you all think of this? GWB just got done a speech saying this.
Seems to me we're SCREWED. We're now officially living in a communist country.
The reds won, apparently.
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I guess I should expect such short-sighted election-year foolishness from our politicians. I don't know what to think anymore. Maybe move to Russia. They're more democratic than we are these days.
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Unbridled capitalism only lasts until the few big boys have eaten all the little guys. Communism is the ultimate capitalism, you only have one big boy and he sets all prices and services. The smart choice is the middle road.
Which we had a pretty good record in the US, until the Feds were convinced that deregulation was better for the little guys (this was just code for the big boys
). This started in the 80's and has caused a total stagnation of real wages for the middle-class for the last 25 years, and a near total loss of our manufacturing base. It has been a wild ride since, the S&L mess, Airlines, Dot Com Bomb, two housing bubbles. Now, the pooch has been screwed and taxpayers will be nailed in the shorts for quite some time in the future. Seems to me your wish for pure capitalism has come true, the results were always predictable as no government could allow the markets to fail to the degree that was possible without the buyouts.