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

By   Follow Me on Twitter     Message Cindy Sheehan       (Page 1 of 1 pages)     Permalink    (# of views)   15 comments

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opednews.com Headlined to H3 9/6/08

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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 In 1999, Congress repealed the Glass-Steagall Act and Clinton signed the law.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.

 

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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.

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