Open Question: How come bailouts are now Socialist?

7 September 2010, 9:42 am

Why is Obama a socialist/communist for bailouts. Bush bailed out the banks and car companies and AIG first. Do you remember that? Why didn't that drive conservatives mad? Google government bailouts. You will find that Government sponsored bailouts started with Nixon. A Republican. He bailed out Penn Central Railroad in 1970, In 1971, he bailed out Lockheed with the Emergency Loan Guarantee Act. Which could provide funds to any MAJOR business. In 1974, Ford, a Republican, bailedout Franklin National Bank. In 1975, he bailed out New York City. Reagan Bailed out Chrysler in 1980 and Continental Illinois National Bank and Trust in 1984. Reagan was also a Republican. Then in 1989, George HW Bush, a Republican also, Bailed out the Savings and Loan industry. In 2001, George W Bush, a Republican, bailedout the airline industry, then came the bailouts of Bear Stearns, Freddie and Fannie, AIG, auto industry, TARP, and Citigroup. So please tell me again how it is that the Democrats are trying to take control of the private sector. What you are calling Socialism is wrong. The Government is NOT taking controll of the private sector. The Private sector is taking control of the Government! Privatizing the gains and Socializing the losses! Why do you think the Government is making laws that benefit corporations and not the people? Who do you think PAYS OFF the Government officials? Why do you think the Supreme Court ruled that money=free speech? Who made Corporations= to people? Why do they have lobbyists? Do you have as much say in the operations of Government as the company you work for? NO you don't! Please open your eyes and look at what is happening. We are turning toward FASCISM! CORPORATE CONTROL OF THE GOVERNMENT! These are facts and you can find them at pro public. For the people who believe that if you have a non conservative thought then you're a liberal. I'm NOT A LIBERAL. Join the corporate run. "TEA" Party? F*ck that.... Read More »

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