Quote:
Originally Posted by Solace
People aren't afraid of socialistic practices. They're afraid of socialism giving too much power to the government. Socialism as a form of government has extremely limited success. It has had the same problems Capitalism has - controlling the innate desire to have more than someone else (greed).
Capitalism as a system does work, but it needs Socialist policies to keep it in check. Unchecked systems of one or the other assuredly fail, but when the balance is between equal between freedom and someone telling you when freedom has limits the system works better as a whole.
What the underlying fear really is though, is that too much Socialism will lead to a police state (what Americans think of when it comes to Fascism or Communism). So anything that gives what the people believe is too much power to the government will be treated with resistance, even as they look to the people they voted in power for help when the going gets tough.
It's a strikingly hard balance to maintain, and even the Founding Fathers struggled with their beliefs on this. Read up on Jefferson sometime - he'll admit that even though he hated large corporations, banks, and governments, he also admitted that they were sometimes a necessary evil.
While not the sole problem, the speculation is killing the market. Because the bill didn't pass, investors are panicking and making the problem *worse*. I question those choices on the actions of today's market plunge.
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This really cracks me up.
While on one hand people trys to point out the ill values of socialism while the house of representatives wrecks up a plan for the sake of his own personal gain.
Quote:
Originally Posted by mg1942
As more and more facts about the failed vote come out, it becomes plain that there was more going on than just Pelosi's ill-timed, ill-directed, screw bi-partisan cooperation, BLAME BOOOSH speech.
The good of the nation took second-place to election year posturing and opportunism.
The democrats did not need Republican votes to pass this bill. All they had to do was whip all of their horses in line and the it would be a done deal. One reports alleges that democratic House members up for reelection in strongly contested races were urged to vote against the bill, because enough Republicans were committing to vote for it that it was safe to do so. Republicans got wind of the double-dealing. That, and Pelosi's speech had them livid with outrage.
Cynics might also state that the democratic presidential candidate morphed into the Invisible Man during the debate over the bipartisan bill at a time when his influence was sorely needed.
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Quote:
Originally Posted by mg1942
Just heard a great line by Mike Huckabee in relation to the bailout:
"Those who just burned the Thanksgiving Turkey are asking that they be allowed to cook Christmas dinner."
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Guess what, while the US government is inept to do anything the central banks around the world are desperately trying to avoid a worldwide economic failure.
Central banks to double amount of dollar injections into market as U.S. financial crisis spreads