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We, the people, invested money in war, so Halliburton could collect the spoils of war -- 75% of Iraq's oil. That's only fair -- our "elected" government decided that for us.Now, in the bailout, the bankers collected the profits from bad gambles, up front. After-the-fact, we're holding them harmless from their gambles. Doesn't anybody remember "heads I win, tails you lose"?
The deadbeat homeowners won't be saved by this. They won't be bailed out. Their dwellings will still be sold at auction, and they'll still be out on the streets.
Is there just too much fluoride in the water, that people are so brain-dead?
Privatizing profit while nationalizing costs is not a good thing.
A few days ago the news was: "WaMu was shut by the federal Office of Thrift Supervision, and the FDIC was named receiver." What's wrong with that as a solution for the other failed institutions. That's what our bankruptcy laws are for. The failures go into "receivership" and someone independent tries to work things out as best they can. The losers don't get to keep running things, creating further trouble, with immunity and more profits for themselves.
This is Corporate Welfare -- giving money to corporations when they're unable to work, or when they're too high from partying.
Don't the "Liberals" understand that this huge expenditure is gonna be used as a reason to cut back on all benefits for the "common man"? And common people's taxes will go up, anyway.
This is not good. This is ignorant.
Eat Drink and Be Merry for Tomorrow We Die.
Idiots.
