75% of Americans Oppose Bank Nationalization »
Posted By Shana4Liberty 10 months, 3 weeks ago in NewsA poll came out today that should give those who believe in economic freedom a slight bit of hope: The public support for radically socializing the financial system in the name of saving it is dismally low. From Today’s Rassmussen Reports-
"All sorts of big government solutions are being proposed to combat the country’s economic troubles, but Americans are clear on one thing: 75% say the federal government should..."
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Shana4Liberty
I'm a stay-at-homeschooling mom of 4 living in central Alabama, but a native of south Texas. Feel free to friend me and send me ...
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hyperbola10 months, 3 weeks ago
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Frankly if we are going to give banks trillions of dollars in public money, we should own the banks (at least partially). At present what we have is the banks owning the government.
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So far this looks just like what happened in the Great Depression. The banks were flooded with "liquidity" from public money and used it for their own benefit. -
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nostalgia10 months, 3 weeks ago
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Doesn't matter what you want
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The elites in Washington will make that decision
They gave you a tax break what more do you want - $13 a week more in your paycheck when withholding tables are adjusted in late spring. The $13/week will be from June to January 2010. After that it will drop back to $8/week
So much for the "immediate" stimulation of the economy from consumer spending
Don't spend it all in one place thef -
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Goppy10 months, 3 weeks ago
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The elites?
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The elites have moved on.
The Neo-Conservative elites ... that select group of incompetents who refused to listen to any feedback from middle class Americans ... have set Socialism in motion.
What the Neo-Con Self-Professed Elites don't understand is this ... when you pursue a slavish adherence to Ridiculuous Trickle Down Ideology ... and adhere to a perverse assessment that Business people are always right and Government is always wrong ... the ultimate result is ALWAYS the same .... ALWAYS .... ALWAYS .... economic collapse.
Now that patriotic Americans have kicked the Neo-Con elites out ... advocates for practical solutions are in charge.
It's nice to have people advocating for reason ... rather than ideology ... and not just ANY ideology ... a morally vacant ideology that advocated Welfare for the Wealthy ... Arbitrary War ... Lying to go to war ... Torture ... Keeping kids from getting health care ...
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jovial10 months, 3 weeks ago
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We should own all of them. Then force them to loan and stimulate the economy. After the economy picks up then release them. Frankly, I don't think that we can trust them to do the right thing. It's like herding goats, they all go by their own policies.
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jovial10 months, 3 weeks ago
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The argument traditionally goes that anyone who is a socialist is "anti-capitalism" and anyone who is a capitalist is "anti-socialism," and at the same time (especially right now) we have people who believe that socialism and capitalism can't get along because they're opposites.
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The problem, Hartmann says, is that socialism and capitalism aren't opposites. Socialism is a political system, and capitalism is an economic system. Both can exist side-by-side, just as fascism can exist with capitalism.
What does this mean? It means the opposite of capitalism is collectivism. The two economic systems are different in that one is based on individual rights (capitalism) while the other is based on collective rights (collectivism, obviously). By understanding these differences, we can delve a little deeper into political ideologies and generate a slightly better understanding of where our candidates stand on issues regarding political and economic systems.
What concerns me, especially now, is that the conservative movement is demonizing socialism in a very popular way. Obama's tax cuts are "Socialist." Universal healthcare is "Socialist." Obviously, both arguments are flawed in that Obama's tax cuts and Universal Healthcare are both ideas that can fit into a wide array of political and economic systems (for instance, it could be argued that Universal Healthcare is the only way to guarantee the indivudual's right to life, i.e. capitalism).
But where these types of ideas stand on the political spectrum doesn't matter. What matters is these are EXTREMELY popular positions among people in democracies. A vast majority of people favor taxing the rich at higher rates and providing more relief to the middle and lower classes. Even in Canada, with a young and flawed Universal Healthcare system, 90 percent of the population prefers it over a private plan.
So what happens when "actual" socialists begin championing these causes in the political system? While I favor Universal Healthcare, I don't favor government ownership of our liquer stores, etc., that we see in more socialist-oriented northern European countries. But if Universal Healthcare and middle-class tax cuts are "socialist," and both are extremely popular, then how long before the "actual" socialist movement begins using these ideas to inject more popularity in their political system?
Political systems overlap, just as do economic systems. The more we can better understand this, the clearer we can draw the line and the better off we're going to be.
-Ken Brosky -
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CHAM10 months, 3 weeks ago
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Excellent post Shana. Hyper is right. We should own the banks. It isn't the Government that is feeding them, it is us taxpayers. It is our money that is giving them those Billions. We taxpayers need a percentage of every bank in stock, that has taken bailout money. Jovial is right on target also. The Republicans are crying "Socialist" at the Democrats and Obama, because it is a popular buzz word to stir up "anti" feelings against those being labeled.
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If you want to observe "Socialist" behavior, take a look at the last eight years. This was a blatant grab by a Neo-Con group who are trying to "Socialize" war, citizens rights, the Financial system, and just about anything that lives and breaths in America.
The real "Socialists" are those that want a Government that the people serve, while the "Liberals" want a Government that serves the people.
Pay real close attention to who most is there for the people and you can see that their opposites are the true Socialists. -
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Harbeas10 months, 3 weeks ago
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I think that the bailout is better than doing nothing. However, that being said, the government should make it abundantly clear that the banks will not be receiving any more monies. There is to be only two options, use this money to right yourselves or file for bankruptcy.
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Albmore10 months, 3 weeks ago
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Commodore, I agree. When we say "We" should own the banks" who are we? What reality is the government. We should have learned by now the government how it stands do not have us in their interest.These banks and the politians have worked hand in hand in getting us into this crisis. What we need is a new government and the elimination iof the 2 party dominance of OUR land.
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Banks should be regulated into practicing fair business, BUT lets not forget it was the government that pushed for the home loans which the banks normally would have never given that got us into this mess.
The FED should be eliminated and a strong control of ALL printed currency is what is needed. -
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