Posted: 9/26/2008 6:27:12 AM EDT
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We all know that government intervention just makes things worse. "I'm here to help you", remember. So how come so many self professed 'capitalists' here have turned socialist over just a couple of days. You'd think Obama had finally convinced about half the people here. What happened to business responding ot market pressures and markets being self correcting? Please, give capitalism a chance before taking another step down the road to big government and socialism. |
It has nothing to do with 'giving capitalisim a chance'.... It's 'bailout' vs 'depression'... And in that case, fuck principles, we need to do what we can to stop the crash, or we'll be talking fondly about the 'good old days' when America was a capitalist nation.... Under TRUE socialist rule.... Buying $700BN of 'frozen' securities is NOT a 'step down the road to socialisim'.... Doing nothing ENSURES that we will go all the way down that road within the next 4 years..... The masses WILL NOT accept a depression and just 'slog through' - they will DEMAND another FDR to 'save them'.... |
True, but the more principled thing to do would be to fight that new FDR tooth and nail when that threat comes, not just settle for socialism-lite to avoid Obamunism. |
| The market is self-correcting. However, that doesn't mean that the correction is pleasant. In fact, most economists agree that an unaltered correction will be one to two years of a tight economy. Most Americans (and especially this administration) aren't willing (or are unable to) accept that long of an economic hardship. |
Sounds to me like some stupid idiots are going to starve to death or die of dehydration. Oh well. |
Go peddle that stupid socialist/communist propaganda over at DU where they love guys like you. There's always a good reason for commies to act like commies. "Fuck Principles"? That says it all! |
I have seen the Communist, and he is Dave_A  ?? |
| The market is self correcting. Right now the majority of capital/cash being dumped into the banking and finance systems in this country are setting there. Just like when Japan had 0% interest the banks just sat on the cash and kept it in reserve.....All the infusions won't do anything till banks get their debt in order and figure out what their debts/assets are worth. Till then - not much. |