Quote:
Originally Posted by BeautifulBurnout
However, I am incensed at Poulson's suggestion that if the US go down this route of sponging up all the gambling debts of the rich Wall Street players to keep the market afloat, that other countries should follow suit. For what? So the same greedy-bastard players can continue to make private fortunes out of non-existant equity while taxpayers suffer further cuts in funding for health, education, welfare, etc. etc., not to mention the risk that their personal taxes will be hiked up to fill this greed-and-stupidity black hole?
|
Hear, f'ing, hear.
And once again I'd like to trot out my man Ron Paul who, because he called this years ago, is now back on the news and being asked for comment, this time with a lot less smirk and more wide eyes.
I understand the free market/strict constitutionalist bent may tarnish his logic for some of you, but I think everyone on the left can see this bail out in similar terms. a fabricated debt ridden solution to a fabricated debt ridden problem. extra points for those that see the fascist elements.