Tags: capitalist
World Markets Fear Socialist Take Over
10/10/08 04:10 , Categories: Commentary, Comments from the Right, Are You Kidding Me, Political, Social Commentaries , Tags: bailout, capitalist, congress, cover-up, democrats, free market, liberal, paulson, socialist After the behavior of the worlds markets this week there is little room for doubt, the world is afraid. Now that the House and Senate have passed this massive socialist bailout / cover-up bill and the President has signed it, the world seems to be trembling.
Ok, maybe not actually trembling, but the worlds markets are shaky. I have found no reason to doubt that the markets are afraid that the #1 free market capitalist society will become just another socialist failure.
No sooner than the ink dried on the bailout the new Housing / Mortgage Czar, Treasury Secretary Paulson was talking about going even further and in effect nationalizing banks. That is the net effect of the government buying equity shares in banks.
So that’s how a free market republic dies, to thunderous applause.
May God have mercy on us all for letting the Democratic party lead us down the path of socialism.
Oh and for those of you who still want to blame this melt down on Bush. It was Carter's CRA (Community Reinvestment Act) and Clintons expanding of it that pushed us into this mess. Also, they try to blame the republicans for not stopping Fannie and Freddie, lets stop and ask our selves, who has been the majority party in congress for most of the last 50 years? The Socialist, Liberal-Democratic Party.
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