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Bush Socialism Defined
In eight years George W. Bush has gone from being a staunch economic conservative, to a socialist. And regardless of which side of the economic spectrum he happens to be standing at any given point in time, he’s never doing it for individual middle-class Americans. With George W. Bush, it’s always been to help the people at the top, the biggest corporations, the movers and shakers. Help the head feel good and the feet will feel better too. Maybe there is some truth to that, based on the placebo effect. But I know for me, when I go to bed, if my feet are sore from walking all day, even though my head is cushioned by a luxurious pillow, my feet still hurt. They may be way down there, and can't make any decisions, but you need them badly to get from Point A to Point B, and they need attention too. The same George W. Bush, who despises any form of individual entitlement or aid, now wants to purchase an estimated $700 billion worth of Corporate America. By purchasing their bad debt, the U.S. government will receive company shares at a ridiculously low price. That’s what socialists do. They control assets, in the interest of the government. I’m not saying the government should not bail out AIG, Fannie Mae, Freddie Mac, and the rest of the biggies who got really greedy and didn't even hear their own disclaimers about the risk of investment. Economic experts are saying that to not do the bail out, we would have seen a full economic meltdown of Depression Era proportions. The details of the Federal buyout are expected early next week, and George W. Bush is already trying to spin his administration’s moves as noble and courageous leadership action in the face of crisis. No one man, or branch of government can be singled out and justifiably blamed for the current crisis, but let’s not lose sight of the fact that this meltdown happened on Bush’s watch, with John McCain as his cheerleader in his position of Chairman of the Senate Commerce Committee. The two famous deregulators have now turned 180 degrees, and are preaching suddenly, that stringent regulation is what is desperately needed. Listening to John McCain, it's as if it was the Democrats who have blocked his party's wishes to regulate Wall Street and the finance industry for all these years. The Republican moral of the story here, is that socialism to help common people such as in Social Security and Health Insurance is bad, because it equates Entitlement, and we all know how much they hate that. But socialism to help Wall Street is good, sound, Republican Trickle Down Economics. Why the stark difference? Because George W. Bush, John McCain, and all their rich cronies have a whole lot of value to lose if the stock market crashes. Their fat portfolios would deflate like a Goodyear tire on a nail. The consequences could have been so grave for the shareholders of these companies, it was enough to make a Republican a Socialist. Commrade William S. James, Health care Socialist |
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