If we are going to be a bana republic socialist controlled market state, why don’t we take the $1 trillion we are going to spend on nationalizing individual companies… and instead give it to the people who are in homes they can’t afford.
And by “give” I mean have the government pay for the restructured financing. This will then stop the housing meltdown and restart our stalled economy.
Of course, this assumes that the bailout is a foregone conclusion - which it is, but I would not like to give up so easily. Can someone explain to me again why a) we, the people, are saving ultrarich bankers who made bad bets, and b) covering for thousands of people who knowingly entered into contracts they couldn’t afford. Goddamnit, I’ve held up my end of the bargain and upheld all my contracts… grr.
http://grumpasaurus.com/2008/09/20/heres-one-question-i-have/
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