Bail out

[Mattus]

A bail out is socialism. What we're seeing here is the United States resorting to a socialist principle to prevent the collapse of its economy. They have no choice, of course, and it's the right thing to do. But why is it that America can only accept socialization of loss, while profits must be private?

[Aussie]

Incisive......logical......

It must be a duck!

[AiA in Atlanta]

There is a lot of fuss over the bail out but the fussers say nothing about the estimated 3-5 trillion USD the war in Iraq will cost when it is all said and done (including health care costs of vets when they are aged). Imagine what 5 trillion dollars could do for health care and education in the US ...

[Karl Marx]

Yes my pretty's. This is the way I want you to think.

Of course the absolute failure of socialism on a grande scale should not be taken into account and a market correction should be seen as a complete failure of those capitalist pigs.

[AiA in Atlanta]

It must be a duck!

Daffy? Donald? Be specific god-damn you. Dethspicable!

[Rainbow Moonlight]

Have seen that point made a couple of times before mattus- it is a good point.

My question regarding the bail out is it just a stop gap- will everything eventually come crashing down anyway and all this does is put it off? What economic position does this put the government in and the country anyway? Isn't this just ioncreasing the eventual size of the crash and making the economy ever more vulnerable? When you say no choice but to do it- well, is that really the case? Should bitter medicine be taken when it is time or should we wait until the patient will die?

[Mattus]

Yes my pretty's. This is the way I want you to think.

Of course the absolute failure of socialism on a grande scale should not be taken into account and a market correction should be seen as a complete failure of those capitalist pigs.

Since this sock puppet seems to be the only representative of dissent here, I'll take up the argument.

This is a 700 billion dollar bailout. A market adjustment? C'mon, there's only 350 million people in America. $2,000 each is not a 'market correction'. It's a bailout. It's a fucking big bailout, and it represents widespread failure of the economy.

The AIG approach was well handled, they took an 80% controlling interest in the company. This is socialising profit. This bailout however is a no interest, non participating 700 billion dollar hand out. This is socialising loss.

[JW Frogen]

The over all bail out is similar to Reagan’s bail out during the savings and loans crises, it did not give the government permanent control of any company but kept them afloat so that there was not a collapse of the economy at large and massive contraction or depression. In the end the government’s share of profit actually did produce a profit to the taxpayer.

This is not socialism this is the Keynsianism.

That Bush adopted it (Clinton is the one who deregulated the banking system) reveals what a pragmatic politician he is.

[Karl Marx]

Since this sock puppet seems to be the only representative of dissent here, I'll take up the argument.

Sorry. Did I interrupt your little ball cupping soiree?

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But why is it that America can only accept socialization of loss, while profits must be private?

Aside from governments having a track record of fucking up budgets? Profits are not private, they are taxed.

[Aussie]

Yes my pretty's. This is the way I want you to think.

Of course the absolute failure of socialism on a grande scale should not be taken into account and a market correction should be seen as a complete failure of those capitalist pigs.

Since this sock puppet seems to be the only representative of dissent here, I'll take up the argument.

This is a 700 billion dollar bailout. A market adjustment? C'mon, there's only 350 million people in America. $2,000 each is not a 'market correction'. It's a bailout. It's a fucking big bailout, and it represents widespread failure of the economy.

The AIG approach was well handled, they took an 80% controlling interest in the company. This is socialising profit. This bailout however is a no interest, non participating 700 billion dollar hand out. This is socialising loss.

Not yet, Mattus. But, they will do it in one form or another,

When they do, the point you make in the first post here, is proven.

Public funds used to bail out private losses = socialism.