And just like that . . . the commies won!
As an ardent supporter of a free market economy, I - like many other Americans (98% of emails to the White House over the past week or so - according to some sources) - have been appalled by the lack of perspective in some of the government bailout nightmares that have been taking place in the last few weeks.
Some of the recent policies are so socialist in their application that they are making FDR look like an ardent conservative.
Here's the latest piece of hogwash to cross the radars:
US government may take part ownership in banks
WASHINGTON (AP) - News that the Bush administration is considering taking part ownership in a number of U.S. banks helped restore a relative calm over global financial markets Thursday.
The aim of such a move would be to thaw the lending freeze that threatens to push the world's economy into recession. It comes after rampant fear about the global economy sent investors scurrying on Tuesday for safety in U.S. government securities despite an orchestrated round of rate cuts by the world's central banks.
Investors also were hoping that selling, which gave the Dow its ninth straight day of losses, was overdone. Wall Street began the day higher, but then slid after declines in some blue chip names like General Motors Corp. weighed on the markets.
An administration official, who spoke late Tuesday on condition of anonymity because no decision has been made, said the $700 billion rescue package passed by Congress last week allows the Treasury Department to inject fresh capital into financial institutions and get ownership shares in return.
Treasury Secretary Henry Paulson told reporters that Treasury was moving quickly to implement the $700 billion rescue effort and he specifically mentioned reviewing ways to bolster the capital of banks.
http://www.breitbart.com/article.php?id=D93N27U01
Not to be conspiratorial here, but what the hell is going on?
I don't know where we lost our way (but I think it may have happened sometime in the 1960s), but we are not the country we were when we set-off to defeat fascist nationalism in Europe during the 1940s.
Let's take a look and see where we are in the process:
10 Planks of the Communist Manifesto
(My emphasis in bold)
1. Abolition of property in land and application of all rents of land to public purposes.
2. A heavy progressive or graduated income tax.
3. Abolition of all right of inheritance
4. Confiscation of the property of all emigrants and rebels
5. Centralization of credit in the hands of the State, by means of a national bank with State capital and an exclusive monopoly.
6. Centralization of the means of communication and transport in the hands of the State.
7. Extension of factories and instruments of production owned by the State; the bringing into cultivation of waste-lands, and the improvement of the soil generally in accordance with a common plan.
8. Equal liability of all to labour. Establishment of industrial armies, especially for agriculture.
9. Combination of agriculture with manufacturing industries; gradual abolition of the distinction between town and country, by a more equable distribution of the population over the country.
10. Free education for all children in public schools. Abolition of children's factory labour in its present form. Combination of education with industrial production, &c., &c.
From wikipedia.
I am not smart enough to know exactly what the hell items 7, 8, and 9 mean, but I can tell there is a general movement in this country to change the culture of America - from the cradle of the industrial revolution and the envy of the world, to the a shadow of its past greatness - where the political focus has moved from being a beacon of light for the rest of the world - to being a giant hand-out machine to everyone who thinks they need to have a suck at the big government tit.
What a world we live in where the Russians are the capitalists and the Americans are becoming the communists!
Some of my more left-leaning friends would have you believe that communism is the most equitable system of government . . . it just has never worked in modern, non-nomadic societies because it hasn't been hasn't been their whiny, disenfranchised version of it.
As an ardent supporter of a free market economy, I - like many other Americans (98% of emails to the White House over the past week or so - according to some sources) - have been appalled by the lack of perspective in some of the government bailout nightmares that have been taking place in the last few weeks.
Some of the recent policies are so socialist in their application that they are making FDR look like an ardent conservative.
Here's the latest piece of hogwash to cross the radars:
US government may take part ownership in banks
WASHINGTON (AP) - News that the Bush administration is considering taking part ownership in a number of U.S. banks helped restore a relative calm over global financial markets Thursday.
The aim of such a move would be to thaw the lending freeze that threatens to push the world's economy into recession. It comes after rampant fear about the global economy sent investors scurrying on Tuesday for safety in U.S. government securities despite an orchestrated round of rate cuts by the world's central banks.
Investors also were hoping that selling, which gave the Dow its ninth straight day of losses, was overdone. Wall Street began the day higher, but then slid after declines in some blue chip names like General Motors Corp. weighed on the markets.
An administration official, who spoke late Tuesday on condition of anonymity because no decision has been made, said the $700 billion rescue package passed by Congress last week allows the Treasury Department to inject fresh capital into financial institutions and get ownership shares in return.
Treasury Secretary Henry Paulson told reporters that Treasury was moving quickly to implement the $700 billion rescue effort and he specifically mentioned reviewing ways to bolster the capital of banks.
http://www.breitbart.com/article.php?id=D93N27U01
Not to be conspiratorial here, but what the hell is going on?
I don't know where we lost our way (but I think it may have happened sometime in the 1960s), but we are not the country we were when we set-off to defeat fascist nationalism in Europe during the 1940s.
Let's take a look and see where we are in the process:
10 Planks of the Communist Manifesto
(My emphasis in bold)
1. Abolition of property in land and application of all rents of land to public purposes.
2. A heavy progressive or graduated income tax.
3. Abolition of all right of inheritance
4. Confiscation of the property of all emigrants and rebels
5. Centralization of credit in the hands of the State, by means of a national bank with State capital and an exclusive monopoly.
6. Centralization of the means of communication and transport in the hands of the State.
7. Extension of factories and instruments of production owned by the State; the bringing into cultivation of waste-lands, and the improvement of the soil generally in accordance with a common plan.
8. Equal liability of all to labour. Establishment of industrial armies, especially for agriculture.
9. Combination of agriculture with manufacturing industries; gradual abolition of the distinction between town and country, by a more equable distribution of the population over the country.
10. Free education for all children in public schools. Abolition of children's factory labour in its present form. Combination of education with industrial production, &c., &c.
From wikipedia.
I am not smart enough to know exactly what the hell items 7, 8, and 9 mean, but I can tell there is a general movement in this country to change the culture of America - from the cradle of the industrial revolution and the envy of the world, to the a shadow of its past greatness - where the political focus has moved from being a beacon of light for the rest of the world - to being a giant hand-out machine to everyone who thinks they need to have a suck at the big government tit.
What a world we live in where the Russians are the capitalists and the Americans are becoming the communists!
Some of my more left-leaning friends would have you believe that communism is the most equitable system of government . . . it just has never worked in modern, non-nomadic societies because it hasn't been hasn't been their whiny, disenfranchised version of it.
posted by golgo13 at 12:50 PM
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