Quote:
Originally Posted by clgustaveson
I see your point now... note though that communism is not anything we have seen in a government what we have seen is a flawed form of a perfect system.
Anyway Also this thread is NOT about economic despair can people please stop talking about the bailout and what not. This thread is about the government, not economics.
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Well I think the reason they mention the economy is perhaps they see it leading to something closer to Socialism...and on that level there is talk of nationalizing our banking system
As the financial crisis continues, the Bush administration, led by Treasury Secretary Henry Paulson, is moving ahead to enact the unconstitutional and socialistic measures contained in the recently passed and misleadingly nicknamed "bailout bill" — misleading not because it's not a bailout, but because it's much more than that.
This bill — officially the Emergency Economic Stabilization Act of 2008 — is, along with the Treasury Department's "Blueprint for a Modernized Financial Regulatory Structure," about nationalizing the entire United States financial system, a truly radical act that will hasten the United States of America along the road to total socialism.
It was Karl Marx who famously recommended, in the
Communist Manifesto, the "centralization of credit in the hands of the state, by means of a national bank with state capital
and an exclusive monopoly." (Emphasis added.) For almost a century we have had a national bank, the Federal Reserve, which has enjoyed a monopoly over the money supply but not over all credit. To the extent that both state and nationally chartered banks and other financial entities still enjoy some independence in the issuance of credit, the Fed's monopoly over financial activities is diluted.
Now, however, armed with supposed authority from the bailout bill, Treasury Secretary Paulson is preparing to partly nationalize a number of major U.S. banks by purchasing dodgy assets in exchange for government ownership of company stock. In this Paulson is swimming in the wake of the British government, which has already partly nationalized various troubled banks using such a procedure. Paulson himself, asked about his intentions and whether he planned to follow the British lead, was evasive. "We have a broad range of authorities and tools," he said. "We've emphasized the purchase of liquid assets, but we have a broad range of authorities. And I'm confident we have the authorities we need to work with going forward."
read the rest of what this guy says here
http://www.thenewamerican.com/econom...ainmenu-46/412