Feds Nationalizing Financial Services Industry

Winter_123 · 09-19-2008, 07:16 PM

Wow. Welcome to France. Just when we thought that the candidates would be actively talking about nationalizing the health care industry as part of the election debate, we wake up and find that the feds are going to own major portions of the financial services industry. Oil industry next?

And then Joe Biden tells us that paying taxes is patriotic. Why doesnt he tell his buddy Charlie Wrangall that?

Mr. Bill · 09-19-2008, 07:22 PM

Obama's policies are working. In advance. Can't wait for him to get unemployment up to the 11% socialist average.

Crabcake Johnny · 09-19-2008, 07:32 PM

...where do we form the bread lines?

Winter_123 · 09-19-2008, 07:34 PM

Originally Posted by Mr. Bill

Obama's policies are working. In advance. Can't wait for him to get unemployment up to the 11% socialist average.

And within the socialist economy, the 11% unemployment is within an economy where 80% of the people work for the government. Thus the number of people who are not gainfully employed in a productive job that actually creates a good or service is actually larger than the unemployment rate indicates.

lookin4abetterwayinpa · 09-19-2008, 10:54 PM

Seriously, why is it that nobody steps up to pay any of my debts? It's obvious that my parents, nor the powers that be love me.

robliano · 09-19-2008, 11:38 PM

We are the shareholders of the USA.

The ignorance has to end.

Joseph Goebel said it best:

“If you tell a lie big enough and keep repeating it, people will eventually come to believe it.”

FYI: He was Reich Minister of Propaganda in Nazi Germany.

DarrylVK · 09-19-2008, 11:49 PM

Originally Posted by robliano

We are the shareholders of the USA.

The ignorance has to end.

Joseph Goebel said it best:

“If you tell a lie big enough and keep repeating it, people will eventually come to believe it.”

FYI: He was Reich Minister of Propaganda in Nazi Germany.

Too many people believing the promises that the gov. can give the everything. Trouble is they have their hands out.

robliano · 09-20-2008, 01:14 AM

Exactly, because they owe the Federal Reserve, ever since they allowed them to print money. Does the depression ring a bell. It's history repeating itself.

Originally Posted by DarrylVK

Too many people believing the promises that the gov. can give the everything. Trouble is they have their hands out.

Mr. Bill · 09-20-2008, 09:59 AM

Hate to say it, but you're right!!!

Winter_123 · 09-20-2008, 11:05 AM

This whole situation has enormous implications for the various proposed national health "reforms."

First of all, after we have re-financed Wall Street we will have even less money to work with and we can agree that the sky is already the limit as to how much would be required for Obama type plans and even McCains.

Second, and this will not be a popular thing to say, the libs have good arguments that they can make. They argue that we can never seem to come up with money for health care but if Wall Street gets in trouble or we have a war with little or no reason for it then the country can come up with a trillion in a week. We may have things to say back to that and maybe they are not right but that argument is not without merit. I say this in the spirit of understanding what we are up against not to support it.

Third, there is a short and finite amount of time between now and the elections. Because this financial crisis is going to consume so much attention, it is highly unlikely that health care reform will get discussed in much detail before we elect someone. That is disappointing because this is the time in the process where it would be good to be talking about it almost all the time and in detail.

I would have one little piece of advice to Iraq: Plan on spending some of your massive oil revenues next year. We are pretty well broke and both the libs and the conservatives are going to want some of that money, even if it is in the form of a reduction in aid to them. It's ridiculous.

Winter