Economist on bailouts: 'This is socialism' for the rich

Thats why I am voteing thrid party this fall,The Repcrats are both guilt welfare for the rich,welfare for the military indusrial complex,welfare for everything under the sun......

It's funny how all the right-wing loonies on this site rant and rave about the dems and Obama supposedly being socialist yet don't give a rat's a$& about the middle class having to bail out failed corporations run by incompetent, greedy, corrupting CEO's in a socialistic manner.

They seem to love socialism when it benefits the very rich yet hate it when the very rich are asked to do their part in lending a helping hand to the middle class.

Larry,
Independent TX voter

Socialize the costs, privatize the profits. That's what American "capitalism" has come to.

Vote wisely 2k8.

erg wrote:

Socialize the costs, privatize the profits. That's what American "capitalism" has come to.

Yep, looks like we have returned to the days of Robber Baron capitalism.

These guys will rape the middle class for as long as they possibly can until we put them in check.

I don't mind people making lots of money for working hard, but paying all these fat cats tons of cash while they ruin the economy and screw the middle class to hell is just downright disgusting.

Larry,
Independent TX voter

I don't mean to sound like a communist prude. I think we should start socializing our feet in the socialists asses.

It took an economist to tell us this?

That's the part about higher education I don't like - they give degrees to people who have no more smarts than the next guy, give them a title and pay them lots of money to come up with things the rest of us are already aware of.

It's welfare with honor for the rich!

Only Lords and Serfs...........

Donna Atlanta GA wrote:

It took an economist to tell us this?
That's the part about higher education I don't like - they give degrees to people who have no more smarts than the next guy, give them a title and pay them lots of money to come up with things the rest of us are already aware of.

I agree that lately economists have had some obvious observations any moron who's paying attention can see. The difference is they have to show their work, and phrase it eloquently. It also lends a certain validation and authenticity when the people who get paid to think about these kind of things agree with you.

Remeber the last time the average man's taxes went to bail out corporations? That was for Chrysler - who the Germans own now. I guess that wasn't so good for the American tax payer after all....

theratedrtrollstar wrote:

I don't mean to sound like a communist prude. I think we should start socializing our feet in the socialists asses.

How about we start on the corporatists first, then wipe them on the neo-cons, what Republican'ts that are left, and work our way down to the religious right.

Handouts to the poor...bad. Handouts to the rich...good. It's easy to be a republican!

Actually the last time was just a few weeks ago..does beatr stern ring a bell...how about the airline bailout after 9/11...then the CEO's all got huge bonuses and they started firing workers...thanks dubya

Alan Cozzi wrote:

Remeber the last time the average man's taxes went to bail out corporations? That was for Chrysler - who the Germans own now. I guess that wasn't so good for the American tax payer after all....

GOP's cry that we must bail out Fannie and Freddie... but then scream, "Socialism!" at the idea of providing health care for all citizens.

GOP's just want money and power... and keep the corporations in charge.

Remember the movie, "Roller Ball"?

Don't even bother to vote. American Lemmings are too stupid to think for themselves, and Obama will win, but not big. So what to do.....

1) Stock up on Food & Ammo -- don't tell anyone
2) Pick your friends and relatives very carefully
3) Take your family to the firing range and teach them to shoot
4) Look at Mormon websites about keep long-term food;
5) Take you money, and maybe even you investments out of U.S. Banks/Securities.
6) Get book about how to survive with public water & electricity, i.e., pretend you are living in 1890.
7) Don't trust anything spoken by any elected official
8) Find out who your enemies are and where they live.....and most of all
9) Be prepared for the worse -- have a plan!

FYI - the cops work for the Rich, not for you!!!

I am not a Democrat or a Republican I am an Independent however Congress controls the money and the bail out and the Democrats control congress.

Any bail out is pure socialism and has nothing to do with capitalism.

"A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy,
(which is) always followed by a dictatorship."
Alexander Tyler 1787.

We have been on a path towards Socialism since the New Deal and as Karl Marx said, "Socialism is a means to the end; the end being Communism".

Government has nothing to give anybody except what it first takes from somebody, and a government that is big enough to give you everything you want is big enough to take away everything you've got.

I believe in individualism and capitalism because socialism gives you the fish while capitalism teaches you to fish.

Capitalism is the golden goose where profit is the golden egg. We are destroying the golden goose.

There is no politician that represents me so I don't vote for a person I determine who is the most socialist and vote against them.

At the end of the day what really matters are the judges that will be appointed by the next president. Because it is the judges that will determine the society in which we live and when these socialists are long out of office we will still have their appointed judges.

Remember Millions for charity not one penny for tribute.

How about starting a business and give someone a job.

Fannie Mae, Freddie Mac and Bear Stearns CEO’s {Corporate Embezzlement Officers}

James Cayne of Bear Stearns was the 36th highest paid CEO last year at 28.4 million and earned 132.14 million over a 5 year period.

In 2007 Fannie Mae President Daniel Mudd earned a $2.2 million bonus on top of his $10 million salary. This company was listed on the worst 10 year performance stock list as well.

Freddie Mac Chairman and Chief Executive Richard Syron pocketed nearly $19.8 million in compensation last year even though the mortgage company's stock lost half its value in 2007.

I want to know why the executives who ran these ships aground were rewarded this handsomely with out any negative repercussion while the American taxpayer picks up the tab.

How can I get one of those jobs.

BlueNC wrote:

Don't even bother to vote. American Lemmings are too stupid to think for themselves, and Obama will win, but not big. So what to do.....
1) Stock up on Food & Ammo -- don't tell anyone
2) Pick your friends and relatives very carefully
3) Take your family to the firing range and teach them to shoot
4) Look at Mormon websites about keep long-term food;
5) Take you money, and maybe even you investments out of U.S. Banks/Securities.
6) Get book about how to survive with public water & electricity, i.e., pretend you are living in 1890.
7) Don't trust anything spoken by any elected official
8) Find out who your enemies are and where they live.....and most of all
9) Be prepared for the worse -- have a plan!
FYI - the cops work for the Rich, not for you!!!

This is one good bunch of ideas here, thnx.

Cue wrote:

Fannie Mae, Freddie Mac and Bear Stearns CEO’s {Corporate Embezzlement Officers}
James Cayne of Bear Stearns was the 36th highest paid CEO last year at 28.4 million and earned 132.14 million over a 5 year period.
In 2007 Fannie Mae President Daniel Mudd earned a $2.2 million bonus on top of his $10 million salary. This company was listed on the worst 10 year performance stock list as well.
Freddie Mac Chairman and Chief Executive Richard Syron pocketed nearly $19.8 million in compensation last year even though the mortgage company's stock lost half its value in 2007.
I want to know why the executives who ran these ships aground were rewarded this handsomely with out any negative repercussion while the American taxpayer picks up the tab.
How can I get one of those jobs.

1) stop valuing your fellow man 2) be devoid of all ethics 3) suck lots of C-level @!#% 4) contribute heavily to the RNC