User profile: artistsolution
Joined: Oct. 9, 2008
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And you think we don't have socialism now? What do you think this 700 billion dollar bailout was? It was socialism alright, only it was some dystopian form of socialism that took from the poor to give to the rich.
Too funny, Stanley!LOL
Tok,
Bush and the republicans have been implementing the trickle down theory for 8 years now. Why isn't it working?
I agree the bailout was needed and I am glad it had some provisions for the middle class to be paid back with interest. However, banks may not be so quick to lend as you think they will. They are just glad to recoup some of their losses. 700 billion in reverse socialism (taking from the middle class to give to the rich)means nothing if it is hoarded. Let's hope that is not allowed to happen.
Most American's finances are being stretched too thin because of the increase in cost of living (which happened while bush and the republican congress where at the helm.) What happens when the middle class runs out of money, who will be left to bail out big business then? Pretty dangerous scenerio if you ask me.
The article you mention was in the opinion section of the wall street journal. You are confusing opinion with facts.
Obama has said time and time again that he will not raise the taxes of people making under 250k a year. 90% of small businesses fall under this category and therefore would not see a tax increase.
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Redferret wrote: Is there such a thing as unbridled capitalism in the world still?
AS: Yes, it was called the Bush administration. LOL