SPECIAL: November 2007 McCain Admits to Being Blindsided byMortgage Mess
Telamon wrote:
In article , Dave
wrote:
Telamon wrote:
In article , Dave
wrote:
Telamon wrote:
This is their way of realizing their dream of
socialism and Bush played right into their hands with the bailout. This
is ground zero of the problem. This is where it began.
Let me tell you what you just witnessed. The middle class in this
country was just saddled with the debt of putting the poor into housing
they can not afford. The people running the country just became more
powerful and their rich friends just got richer. The price was that
middle class people just lost some economic freedom and a BIG CHUNK of
money.
I don't think there's anything resembling socialism at work here.
Yeah, where did I go wrong thinking that? 700,000,000,000 dollars is a
drop in the bucket. Nothing to see here people, move along now.
That is unarmed robbery, not socialism. Socialism is workers' rights
and universal health care that works more efficiently, etc.
So you think taxpayers dollars being given to private debt holders to
prop up loans so that people are in houses they can't afford is not
socialism? Now we know where you stand as a proud Democrap. Go
vote for O-bla-ma.
I think that's a side issue, not the main point. The main point is that
the derivatives house-of-cards collapsed. The banks had their necks way
out (risk = reward) and they got them chopped off.
This bailout is way bigger than putting a temporary moratorium on
evictions and trying to preserve assets. If people are in the houses
the houses are worth more. They pay property taxes. The taxes buy
police cars. Think it through. I doubt that's Paulsen's first concern
however.
I'm almost certain I will not be voting for Senator Obama. Bob Barr or
Cynthia McKinney.
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