Socialism is not Optional
When Canada is more free market than the United States, maybe it's time to rethink our political climate, no?
Smaller, well capitalized banks, are balking at the bailout package - that they do not want to be part of. Someone forgot to remind them that Socialism is not optional, it's mandatory.
At Evergreen Federal Bank in Grants Pass, Ore., chief executive Brady Adams said he has more than 2,000 loans outstanding and only three borrowers behind on payments. "We don't need a bailout, and if other banks had run their banks like we ran our bank, they wouldn't have needed a bailout, either," Adams said.
What an amazing concept. Only giving out loans to people who can pay them back over time. If someone had thought of this years ago, maybe this mess wouldn't have happened. Oh well.
The opposition suggested that the government may have to continue to press banks to participate in the plan. The first $125 billion will be divided among nine of the largest U.S. banks, which were forced to accept the investment to help destigmatize the program in the eyes of other institutions.
Government doesn't do things because it's nice. It does things because it can. And dammit, you will comply with their wishes. I love that private businesses have no say in the matter at all. And here you thought this was a bailout package, not a foot in the door to full blown socialism. Someone fooled you, didn't they?
This bailout package is really just another example of corporate welfare. The transfer of wealth from the tax paying middle class workers to super huge companies. Republicans should have stood against this, but they did not. I don't expect Democrats to be opposed to welfare of any kind (increases their power base!) but Republicans. Extreme disappointment.
If this were a complete scam, part of the bailout money would go to vote scamming ACORN. Oh wait.
And, you know, that's particularly outrageous is that the mortgage bailout, the Freddie and Fannie Mae bailout bill which was done this August which I also voted against because that nationalized the mortgage industry, that bill, Barney Frank voted language in that bill this summer which hard wires $420 of a $100,000 mortgage to ACORN, La Raza and other organizations like --
So government is subsidizing an organization that is perpetuating vote fraud and false registrations?
How much longer till our democracy is completely de-legitimized? Maybe when Presidential candidates openly feed the media appropriate talking points. Oh. Too late.
Ah well. It was fun while it lasted.
Atlas Shrugged is apparently prophecy, not fiction.