SoHo wrote:Where's the heavy control of the banking system?
http://www.washingtonpost.com/wp-dyn/co ... 00958.html
http://abcnews.go.com/WN/Economy/story? ... 587&page=1
(Forget the quip about Graham being a "conservative Republican". This is standard leftist media boilerplate (they also think John McCain and David Brooks are conservatives).
http://online.wsj.com/article/SB123215299934192217.html
http://money.usnews.com/money/blogs/flo ... scary.html
http://www.campaignforliberty.com/article.php?view=867
http://biggovernment.com/jberlau/2010/0 ... bank-bill/
http://www.cato.org/pub_display.php?pub_id=9996
This is a short but powerful article:
http://www.cato-at-liberty.org/nice-lit ... ned-to-it/
And of course, all of the hip, cool, smart people are for nationalization:
http://newsbusters.org/blogs/brent-bake ... confidence
As to the automaker takeovers:
http://www.nlpc.org/stories/2009/05/01/ ... on-gets-hu
The government forces its way into a private corporation, becomes a majority shareholder, gives another large share to a union, and relegates the private shareholders to a small, minority holding (1%). GM then turns around, at the government's behest, breaks its existing private contracts, and wipes them out in order to pay off its bailout debt to the government and the UAW (the only private entity that mattered a hill of beans in the whole destructive process).
Some might be very tempted to term this a kind of syndicalism.
Or you could call it fascism, or progressivism, or socialism, or simply lawless, interventionist, etatist government.
And some other stuff:
http://www.humanevents.com/article.php?id=38350
http://www.washingtonpost.com/wp-dyn/co ... 02830.html
GM takeover? Geez, some of us actually understand what happened, were involved and know the players and their motivations. Any illusion that the bailout and TARP morphed the US into anything much different from what it was when Obama took office is just that.
A 750 billion dollar bailout turns into a 31.2 trillion claim on our children's and grandchildren's future, bankrupts the nation, and spreads government like a great corpulent amoeba across the entire economy and makes working for government (or being a union member, either in the tiny dinosaurian private trade unions or in the state protected and vetted government kind) much more profitable than working in the private sector and actually producing things people want to buy:
http://www.usatoday.com/news/nation/200 ... ants_N.htm
http://www.freedomworks.org/blog/jborow ... ce-private
You don't call this a rather large scale change? True, the progressive destruction of free market liberal democracy, representative government and individual liberty has been a nearly century long project, but the sixties era boomers are now in complete control of all branches of government, and a distinct acceleration has set in (as two accelerations of the process had taken hold before, once during the thirties, and again beginning in the mid-sixties).
While the economy collapses and the state destroys hundreds of billions of dollars of private wealth, government - which creates nothing of value and generates no new wealth itself - is in boom times.
We are in an era when those whose economic contribution to society is nil, and who in fact earn their living from the productive activities of others, are in the ascendancy, and those who produce are devalued and, often, resented and despised.
The ruling class, you see, takes care of its dependents and sycophants (such as the unions).