Comments on: Is America Turning Socialist? It Always Was …: The Times of India

By: kritt11

kritt11 — Tue, 23 Sep 2008 17:20:20 +0000

JS- Good comment- and I agree completely.

When an ordinary person makes bad decisions, Republicans urge that he suffer the consequences. Now that Wall Street execs are the ones whose asses and assets are on the line, they are urging a taxpayer bailout. Why? Because their mistakes were so all-encompassing that they risk bringing down our entire economy. Notice who was arguing yesterday that CEO's golden parachutes should be preserved in the bailout!

By: Half_Past_Midnight

Half_Past_Midnight — Tue, 23 Sep 2008 05:53:08 +0000

Read it. Know history or be doomed to repeat it.

Unfortunately, it's just begun. We are going to see the effects of this "bailout" for years. Right now, though, our biggest enemies are fear and ignorance. Seems that the candidates don't agree on "how much to tax the top one percent" of the wealthiest in the country. I say start with the excecutives' severance and go from there. Even Bush says "the World is watching", but do they really know what they are seeing?

By: JSpencer

JSpencer — Tue, 23 Sep 2008 03:23:49 +0000

This isn't the only case of socialism bailing out capitalism gone off the tracks – it's just the largest in recent history. Think about the Iraq War (Bush's War) it's another case in point. Who is paying for it??? Socialism once again. And who profits? The military industrial complex – which if memory serves me correctly, was something a very decent man of integrity, a Republican president (most definitely not in the neocon mold) warned our country about. So many lessons we could have learned from history if we had cared to. But back to the topic, isn't it interesting how some of the greatest cheerleaders of freemarket capitalism have brought us straight to a socialist “solution”? Some food for thought there… to say the least.

By: Silhouette

Silhouette — Tue, 23 Sep 2008 03:20:56 +0000

Study the French Revolution. We're about to see a preservation of our democracy with a lifesaving injection of socialism or we will watch it self-destruct with the narrow profiteering agendas of the elite.

The similarities are so similar that it is stunning. You almost feel like you're reading today's issue of the New York times instead of an historical account.

Read it. Know history or be doomed to repeat it.

By: lurxst

lurxst — Tue, 23 Sep 2008 02:10:43 +0000

So far I don't think people are realizing the magnitude of how this is affecting world markets, not just our own.

This is disaster capitalism, grown out of disaster capitalism. Cheney, Bush and the Fed have certainly foreseen this eventuality months, maybe even years ago. Waiting until now to unveil their "fix"? Which when it comes is immediately written as a power grab, with nary an acknowledgement of oversight for the process?

If the American people are going to buy all this debt then it really has to have transparency. I am still not convinced that letting the market eat itself is a bad thing all around. I have natural fears about the possibilities but I am pretty sure I could weather them. I feel remorse at the loss of US economic power, but we've seen nations recover from there own lurches. Is Bush going to leave anything behind thats not FUBAR?

By: DLS

DLS — Tue, 23 Sep 2008 01:34:46 +0000

A good job of reporting! The USA has gone far from being truly free-market or being capitalist.

We're not done yet with interventionism, either. The Dems are now stooping so low as to want to have bankruptcy judges rewrite mortgage contracts so as to permit the people who so often were greedy and took on mortgages they could not afford, to be officially sanctioned squatters.