Is George Bush A Socialist?

Discussion in 'Politics' started by sargon20, Sep 16, 2008.

  1. sargon20

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    • Huge expansion of the goverment
      • Bush is calling for new federal accountability and testing requirements for all public high schools, after imposing similar mandates on grades three through eight during his first term. To limit lawsuits against businesses and professionals, he is proposing to put a federal cap on damage awards for medical malpractice, to force class-action cases into federal courts and to help create a national settlement of outstanding asbestos-related cases. On social policy, the president is pushed a constitutional amendment to outlaw same-sex marriage in the states and continuing to define and expand the federal government's role in encouraging religious groups to help administer social programs such as community drug-rehabilitation efforts.
    • Government ownership of private industry
      • US government majority stockholder in Fannie Mae
      • US government majority stockholder in Freddie Mac
      • US government majority stockholder in AIG
      • US government providing emergency loans to private industry (Bear Sterns)
      • the year isn't over :smile:
    Corrections, additions welcome. And I thought it was the Democrats that were socialists?
     
  2. vindicator

    vindicator Member

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    Ya, i don't think people understand the full implications of what has been happening...

    Those banks have just effectively been nationalized...

    They are now majority owned by the state.
     
  3. Notaguru2

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    You can bet your sweet-ass McCain doesn't know. Hell, he's been stumping about how damn strong the economy is right now. Boy is HE out of touch...
     
  4. vindicator

    vindicator Member

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    I said this in another thread... but i think all this shit talking he's doing is about to come crashing down because once people figure out he's bullshitting on this (since it's so obvious what is really going on) they will be more likely to re-evaluate everything else they have said.
     
  5. transformer_99

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    To think he wanted Social Security linked with the Stock Market ? The fleecing of America would've been complete. I wonder if that had ever gone through early in his first term, that we'd be bailing out Wall Street and Social Security by now to the tune of hundreds of billions of dollars ? Wonder how much Enron-esque fraud and abuse would've occurred ?
     
  6. sargon20

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    Exactly. The Wall Street tycoons in their Lamborghini's and mansions in the Hamptons would be fine. But your social security private accounts yeah they're gone unless you can get the government to bail you out.
     
  7. Beryn

    Beryn Member

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    Its funny how concerned you are about the gov't bailing these companies out, which do provide jobs for millions of Americans. But yet you liberals are always concerned about bailing out individuals in there time of need or even if they want to sit on their asses by providing things like - Big Welfare Programs, Free College for ALL, Affordable Housing Programs,etc.

    So I guess you would have rather the companies have gone under, the people lost their jobs, then you would just give them free money. Yeah that is smart thinking.

    Yes I do agree that the CEO's and others in these companies should be punished. Like former Fannie Mae CEO James Johnson, who was also on Barack Obama's committee to pick his VP.
     
  8. D_Davy_Downspout

    D_Davy_Downspout Account Disabled

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    You've addressed nothing of the original post. Phil Gramm, a McCain advisor, was the primary architect of the deregulation that caused this. Whats your point?
     
  9. uniqueusername

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    Deregulation that caused this? This never would have happened if companies didn't think the government would come bail them out. All of these CEOs are playing with money that isn't theirs because they know nobody in the government has the balls to let them crash and get what they deserve.

    Fannie Mae is a retirement home for Democrat politicians. They've donated millions to dems in Congress (Obama was their #2 recipient, Chris Dodd was #1) and their former CEO, Jim Johnson, was a ranking member of Obama's campaign. John McCain authored a bill that would have reformed Fannie Mae, but the Democrats in the Senate who were practically on their payroll killed it.

    Don't even try to pin this on the Republicans. Both parties are at fault here, and the only solution is to let old, corrupt companies fail so that more modern ones can take their place.
     
  10. D_Davy_Downspout

    D_Davy_Downspout Account Disabled

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    Bullshit. Nobody goes and takes risks based on the "government will bail me out". That's like saying people will gamble their life savings in Vegas because the government has will bail them out with welfare. It's actually pretty funny that you think this.

    Deregulation and too many years of cheep money thanks to Greenspan were major contributors to this.

    Yes I read that article too. Why don't you go into how Bush tried to save us, but the the greedy Democrats(who were barely in control of congress) didn't let him? That article was written by a Bush speechwriter. I'm going to need to see an actual source for this.

    I never said that both weren't at fault. I said McCain was just as bad so what's your point? Regardless, you're in the wrong thread, because you still are not on topic.
     
  11. dreamer20

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    J.J. served as the CEO of Fannie Mae in the period 1991 to 1998, a decade before the current economic meltdown. Were you not able to find any examples of CEOs who should be punished in this current crisis? e.g. the CEO of Merill Lynch, John Thain, who has funded John McCain's Presidential campaign. That golden parachute is such a dreadful punishment.:rolleyes:

    John Thain - Wikipedia, the free encyclopedia
     
  12. uniqueusername

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    Cheap money WAS a major contributor, but I think the biggest problem was the idea of "affordable housing" and the rush by banks to give loans to anyone who asked for them, even people who probably couldn't pay them off. Of course, it's just as much the fault of people who TOOK loans they knew they wouldn't be able to repay.

    And yes, they think the government will bail them out. In most cases, they're right. Look at AIG.

    http://en.wikipedia.org/wiki/Moral_hazard

    http://www.opensecrets.org/news/2008/09/update-fannie-mae-and-freddie.html

    Obama has received $126,349 from Fannie and Freddie. McCain has received $21,550. In this case, which one is worse?
     
    #12 uniqueusername, Sep 17, 2008
    Last edited: Sep 17, 2008
  13. tripod

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    Ladies and gentleman, allow me to introduce everyone to...

    MOTHER AMERICA!!!!



    Sing to the Motherland, home of the free,
    bulwark of people, in brotherhood strong! Oh! Party of Bush and McCain! The strength of the people. To "Capitalism's" triumph lead us on!

    The hottest fashion accessory this winter will be the a
    ushanka


     
    #13 tripod, Sep 17, 2008
    Last edited: Sep 17, 2008
  14. D_Bob_Crotchitch

    D_Bob_Crotchitch New Member

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    Something that seems to be a blindspot for people is that the dems in control of Congress jumped on the band wagon with him. I say Washington DC has the world's highest concentration of putz people.
     
  15. faceking

    faceking Well-Known Member

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    Not fully correct. Private investment doesn't necessarily ensue just the stock market. But neither here nor there. Regardless...

    Let's look at any long-term historical return rate on Social Security vs. the stock market, the bond market, the currency market, the commodities market... hell in a cash account.

    Thank you drive through.

    Bailing out Wall Street? Why? We're not bailing out the billions and billions that currently exist in retirement accounts via IRAs, 401Ks, SEPs, Keoughs, 529.

    Do you kinda know what you are talking about, or is this just the usual "bush is evil, and mccain is bush #2"?

    Betting the latter.
     
  16. faceking

    faceking Well-Known Member

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    You have to realize that REGARDLESS of what happens, CEOs will always be fine. Especially at this level.

    The major share holders of MER who get somewhat saved are:

    TOP INSTITUTIONAL HOLDERSHolderShares% OutValue*ReportedTemasek Holdings (Private) Limited86,949,5945.69$2,757,171,62530-Jun-08STATE STREET CORPORATION81,935,6125.36$2,598,178,25630-Jun-08DAVIS SELECTED ADVISERS, LP60,026,0723.93$1,903,426,74330-Jun-08AXA48,345,1623.16$1,533,025,08730-Jun-08Barclays Global Investors UK Holdings Ltd40,698,7272.66$1,290,556,63330-Jun-08LORD ABBETT & CO31,359,6442.05$994,414,31130-Jun-08VANGUARD GROUP, INC. (THE)29,543,1411.93$936,813,00130-Jun-08Clearbridge Advisors, LLC24,352,9511.59$772,232,07630-Jun-08PRICE (T.ROWE) ASSOCIATES INC24,099,8281.58$764,205,54530-Jun-08MORGAN STANLEY18,691,7181.22$592,714,37730-Jun-
     
  17. faceking

    faceking Well-Known Member

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    Ok that sucked. Instead: MER: Major Holders for ML CO CMN STK - Yahoo! Finance
     
  18. sargon20

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  19. cachondo

    cachondo New Member

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    No. he's just dead set on getting rid of the middle class. McCain is on the same wave length...don't kid yourself. If McCain wins, Palin will be ignored except for serving cookies at teas and the like. Vote Obama. Cachondo
     
  20. Puntie

    Puntie Member

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    He's a facist in a new facist state!
     
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