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Originally Posted by deacon blues
Nothing Bush has done has come near FDR's New Deal or LBJ's Great Society. It is my understanding that private industry is supposed to pay the taxpayers back with interest and the ownership of the banking industry will return to the private sector. Lee Iacocca paid the US Treasury back the money we pumped into Chrysler to save it and the taxpayers actually made a profit. The S & L bailout did essentially the same thing. There is no plan or design for the government to own these financial institutions permanently.
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Examining LBJ's Great Society, I read there was a lot of good that came out of this plan. Most of the stuff in his plan is just good policy for our Country.
I do not call this Socialism.
Furthermore, spending for this plan expanded EXPONENTIALLY under Republican leadership, that is established fact as well.