i find it highly ironic that republicans have, for decades, accused dems of being closet socialists, yet thanks to republicans, we are now becoming a socialist nation. the nationalizion of these massive, failing private firms...these are the biggest socialist steps a country has taken since China.
Now, the fault of this economy, the new great depression as economists are calling it - is it not the fault of these free market, hands off my guns and my business republicans? i mean, i'm a capatilist, but i believe in regulation. antiregulators - mostly repubs - said wall street was smarter than washington and they could regulate their own affairs. Bush and McCain both agreed.
so now we're paying for the mistakes of the incredibly greedy people who made horrible decisions - yet, like in the case of Lehman Bros, the CEO will walk away with $30+ million - while the working people can't pay their bills.
Ford and GM have asked - and the government will prob give - $50 billion to stay afloat through the economy. Let em go! the american carmakers - and republicans - kept CAFE standards low for decades, resisted efforts by democrats to impose higher MPG in their cars (again, government intrusion!) and kept making hummers and excursions while Toyota and Honda outperformed and outsold them. Well goodbye american carmakers, you have made horrendous, short sighted decisions based on short term profit, and now you have to deal with it. i hope Honda buys you out cause i certainly don't want to.
i never understood what corporate welfare meant til recently...well for me, i'd rather help people, not greedy CEOs.
these are very interesting times...down is up and left is right...
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