Share on Google Plus Share on Twitter Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend 2 (2 Shares)  
Printer Friendly Page Save As Favorite View Favorites View Article Stats   15 comments

OpEdNews Op Eds

Our economic system is Capitalize the profits, but Socialize the costs

By (about the author)     Permalink       (Page 1 of 1 pages)
Related Topic(s): ; ; ; ; ; ; , Add Tags Add to My Group(s)

View Ratings | Rate It

opednews.com Headlined to H3 9/6/08

See this article.

When progressives talk about federal jobs programs (not military service); Medicare for all (not Pay or Die health care); free higher education (not just for the elite); tax incentives for industries that are developing or using clean, sustainable forms of energy; or any other social programs to help people the centrists and rightists scream:

"SOCIALISM!" But when a capitalist company (usually banks or mortgage banks go under, we the tax-payers bail them out. So our economic system is Capitalize the profits, but Socialize the costs. So socialism is okay, if it is benefiting the already wealthy elitists. Well in this new round of bailouts I want to scream: Socialism!!! I had a very interesting week studying how my opponent, Nancy Pelosi (D-SF), Bill Clinton and his band of crooks sold us out to Citicorp which became Citigroup. In 1999, Congress repealed the Glass-Steagall Act and Clinton signed the law. The repeal of Glass-Steagall is what led us into the mess we are in now. Research it yourself. The law repealing Glass-Steagall is called the Gramm-Leach-Bliley Act: a bi-partisan effort to impoverish us all. Other major players: Roger Levy the lobbyist for Citigroup and Robert Rubin a Clintonista who also pushed NAFTA over health insurance reform. Like the late, great George Carlin said: It's one big club, and we ain't in it.

 

Cindy Sheehan is the mother of Spc. Casey Austin Sheehan, who was KIA in Iraq on 04/04/04. She is a co-founder and President of Gold Star Families for Peace and the author of two books: Not One More Mother's Child and Dear President Bush.

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon

The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Follow Me on Twitter

Contact Author Contact Editor View Authors' Articles

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Open Memo To: Nancy Pelosi From Cindy Sheehan

You Get What you Vote For!

Impeach Obama?

"Tell me what a Police State Looks Like" by Cindy Sheehan

Tax Revolt

Capitalism: An Apathy Story by Cindy Sheehan

Comments

The time limit for entering new comments on this article has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
10 people are discussing this page, with 15 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)

Comment from Ratings:   Cindy's had my s... by martinweiss on Saturday, Sep 6, 2008 at 2:53:44 PM
Right on! Cindy's quite right. In this context... by eileen kuch on Sunday, Sep 7, 2008 at 3:57:45 PM
Bush announces $1 billion in aid for Georgia Wedne... by boomerang on Saturday, Sep 6, 2008 at 5:37:53 PM
Why would we expect anything other than the rape o... by Wolfie on Saturday, Sep 6, 2008 at 8:00:34 PM
On Meet The Press August 24, 2008, Tom Brokaw made... by Robert Arend on Saturday, Sep 6, 2008 at 10:59:29 PM
  " In  The  mean  time ,... by Nemo on Sunday, Sep 7, 2008 at 12:43:23 AM
Cindy,Very perceptive your view of bail outs being... by Darren Wolfe on Sunday, Sep 7, 2008 at 7:41:59 AM
Darren Wolfe needs to get a clue. We already have ... by Ty on Tuesday, Sep 9, 2008 at 9:46:03 PM
 What doesn't some bright Lawyer in Offic... by Michael Dewey on Sunday, Sep 7, 2008 at 7:47:40 PM
 The discount window  http://www.ny.frb.... by Nemo on Sunday, Sep 7, 2008 at 8:50:53 PM
I am a Rightist and sometimes I wonder what is goi... by Barker on Sunday, Sep 7, 2008 at 9:53:18 PM
You admit capitalism isn't working. Then you say w... by Ty on Tuesday, Sep 9, 2008 at 10:12:22 PM
 Here is a Link to the answer.  The Work... by Michael Dewey on Monday, Sep 8, 2008 at 1:18:26 AM
Government bailout of businesses isn't socialism b... by Ty on Tuesday, Sep 9, 2008 at 10:22:58 PM
Government bailout of businesses isn't socialism b... by Ty on Tuesday, Sep 9, 2008 at 10:22:59 PM