As We Inch Closer to Socialism

by billb 7. September 2008 11:46

<sunday political rant> 

Now Freddie and Fannie are official property of the U.S. imperial federal government.  Paulson states: it will purchase the mortgage- backed securities of Fannie and Freddie in the open market, seeking "to broaden access to mortgage funding for current and prospective homeowners."  Isn't this what got us into this mess in the first place?  Apparently there are many people who are not capable or responsible enough to handle a mortgage.  We should be limiting access, not increasing access.  In my opinion, education is the key.  It's simple math.

The U.S. government continues to encroach on anything and everything.  It seems that this country definitely is ready for an Obama presidency.  Then the feds can own your house, your health, your money and rock you from cradle to grave.  Had a bad day?  You're a victim .. now go get your check from the Department of Happiness.  For the past 10 years or so, I always thought we were merely blindly following the lead of our European friends.  We'd adopt more socialist programs after they had them in place because hey, they did it and so should we.  Regardless of the consequences, problems and outright failures.  Now I'm beginning to think we will surpass them as we let the government intervene any time risk rears its ugly head or the news isn't rosey.

Careful, while Uncle Sam is holding your hand, his other hand is picking your pocket.

</sunday political rant> 

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Tags:

Markets | Politics

Comments

9/8/2008 7:18:31 AM

mike

Heard this morning on NPR that the french were laughing at us because they thought that they had more government safety nets than the USA. Sad indeed.

mike us

9/8/2008 9:43:50 AM

billb

So I was spot on then Smile

I'm a little confused as to why the market likes this. Maybe they like the short term fact that their financial stocks won't collapse, but long term, this is not a good move for capitalism in this country.

billb us

9/8/2008 11:06:26 AM

billb

Looks like the 350 point gain is fizzling away. I'd be very afraid if we go negative today.

billb us

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