Flutterby™! : The fall of capitalism

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The fall of capitalism

2008-09-17 12:21:26.003257+00 by Dan Lyke 3 comments

Wow. So not only is the Federal Reserve indirectly buying equities owned by failing firms, the U.S. federal government is purchasing outright large portions of failing insurers. This is how socialism happens, not through creeping social programs, but through Republicans bailing out their failed buddies with public funds, spreading tentacles from the public to the private sector in a way that makes Hugo Chavez[Wiki] look like Hugh Akston[Wiki].

[ related topics: Politics moron Current Events Economics ]

comments in ascending chronological order (reverse):

#Comment Re: made: 2008-09-17 20:09:06.718057+00 by: ebradway

But I thought Obama was the socialist...

#Comment Re: made: 2008-09-17 21:34:59.267538+00 by: Dan Lyke

I think it's pretty clear that they're all socialist, so it's not a matter of who's going to tax me more, it's a question of who's going to run roughshod over the rest of my rights.

#Comment Re: made: 2008-09-20 17:28:26.30817+00 by: ziffle

'Hugo Chavez look like Hugh Akston' Dan you are so adroit...