Wednesday, July 30, 2008

Socialism "Rescues" What's Left of Capitalism

Stirring tales of our existence within the Right-wing American corporo-fascist state

Well it's all official now, U.S. Taxpayers. We're all co-partners in the 2008 banking industry meltdown, and our supposedly "recovering" alcoholic president just issued the Treasury Department and the Federal Reserve (U.S. Bankers' Union) a blank U.S. Treasury check by quietly signing the Fannie/Freddie bailout bill into law this morning. Here's the gist, from the ever-reliable Raw Story website (Don't forget to read the reader comments):
In a seeming effort to blunt attention to the fact he was signing a bill he once rebuked as socialistic, President George W. Bush quietly approved a massive mortgage rescue bill shortly after 7 a.m. in the Oval Office and announced his signature by email.
"Only a few aides and administration officials were present, including Secretary of Housing and Urban Development Steve Preston and James B. Lockhart III, the Director of the Office of Federal Housing Enterprise Oversight (OFHEO)," Politico's Mike Allen remarked. "The White House announced the signing by e-mail moments later."
A senior Bush official told Allen the Administration had no desire to herald the Democrats who shepherded the bill through their congressional committees, Sen. Christopher Dodd (D-CT) and Rep. Barney Frank (D-MA).
And no... we're not about to completely blame the approval of this bill on the current pack of Congressional democRATS who ushered this bill through a compliant Congress without amendments.

This nitwit neoCON Bush had a hand in it too.

Yes. It's the Republicans in Congress who allowed the "mortgage problem" to fester during their inattentive watch.

But it's the recently elected congressional democRAT majority who adopted the "socialist solution" -- with the help of our neoCON president, of course...

Food for thought for our gentle readers, as the congressional Demos usher in a new era of American high taxes and hyper-inflation.

Having said this... we hope our gentle readers won't let their cat get their tongues.


Curmudgeon said...


You wrote; Food for thought for our gentle readers, as the congressional Demos usher in a new era of American high taxes and hyper-inflation.

You mean like the tax increases passed in Bill Clinton's first administration, by one vote, over the screaming objections of the entire Republican contingent in Congress that recession and economic crisis would follow immediately? The tax increases that sparked six years of economic growth spread broadly across the population, not just among the top five percent? You mean the tax increases that permitted the Clinton administration to cut the federal defecit every year it was in office until, over the last four years, it produced a surplus, and began to pay off [and thus reduce] the national debt? The kind of tax increases the permitted the Clinton administration to leave a balanced budget and substantial surplus for Bush, which he and his party immediately pissed away?

Those kinds of Democratic ushered in tax increases?

God, I hope so.

RudiZink said...

"Those kinds of Democratic ushered in tax increases?"

No, Curm, I'm talking about the pack of "blue dogs" who currently inhabit congress.

They're indistinguishable in political philososphy from the neoCONS in my bloved GOP. I have no idea why any liberty loving Democrat would vote for any of them. Matheson is a blue dog, of course.

Naturally, a party loyal "yellow dog" like you wouldn't distingiush the difference between shades of Demo persuasions, Right? They're "donkeys," so long as they wear the lapel-pin, Yes?

That's a similar problem we've had in the last decade with our own "Blue Dogs," i.e, the neoCON RINOS, BTW.

I'm going to link for your perusal this most excellent blog article:

Beyond "Right Wing" ands "Left Wing"

The message could possibly have been better articulated I think. The guy's an amateur blogger after all; but I think he makes a good point.

Let me know what you think about it.

Wade said...

I don't think Socialism could save/undo the damage that Capitalism has done to the World.

But Utah will vote for McCain come November.

There we go, that will get er!!!

Jim said...

I think we are acctually seeing the result of a Socialist/Capitalist Hybrid were the Government controls the coming and goings and success and rescue of these industries and Banks.

If the Government would keep its nose out, we wouldn't have these problems. Politicians bring cooruption into capitalism not the other way around.

Curmudgeon said...

We are seeing a hybrid, but one in which the endless bleating advocates of "the magic of the market" have arranged things so that profit is privatized, while risk [and loss] are socialized. Talk about arranging a cushy berth for yourself....

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