Capitalism under full attack by Obama

Discussion in 'Economics' started by bugscoe, Mar 24, 2009.

  1. "The Obama administration is considering asking Congress to give the Treasury secretary unprecedented powers to initiate the seizure of non-bank financial companies, such as large insurers, investment firms and hedge funds, whose collapse would damage the broader economy, according to an administration document.

    The government at present has the authority to seize only banks..."
  2. Capitalism was raped & killed under Bush. Because al these fucking piece of shit companies from General Motors to Citigroup should have been in Chapter 11. (Well, Chapter 7 in GM's case.)

    I don't fucking care if it would have resulted in Great Depression II. The system should have been allowed to fail to preserve Capitalism.
  3. Agreed ... there are a lot of foreigners LTAO at the US right now. :p :D :mad:
  4. Amen to than!
  5. I believe we have a socialism for a few individuals and capitalism for many. This to me is the best system to keep a group of individuals with all eco/pol power.

  6. wavel


    Only the ignorant are laughing, so they are not worth commenting upon. The remainder realise that this legislative model is not limited or unique to the US.
  7. Clearly, a Great Depression does not occur in a vacuum and is not merely a financial event that effects corporate America.

    It also affects men, women, and children.

    Do you not think that there would be complete chaos, lawlessness, violence, and human bloodshed given what you are proposing?

    Think again.
  8. Agreed ... there are a lot of foreigners LTAO at the US right now. :p :D :mad: [/QUOTE]

    Such as?
  9. Yes, because in the long run it's better than where we ate heading. R.I.P. USA 1776-201X
  10. We might get there no matter what is done.
    #10     Mar 26, 2009