Posted on 02/23/2009 9:48:31 AM PST by NormsRevenge
Senate Majority Leader Harry Reid said he supports efforts of the federal government to dramatically expand its stake in Citigroup, but wants people to back off from the dramatic rhetoric.
“It’s not nationalization, it’s protecting the taxpayers’ interests,” Reid (D-Nev.) told MSNBC’s Morning Joe program on Monday.
“In the bailout, the TARP, that we made sure the American taxpayer had a way of getting paid back for their investments,” Reid said. “That’s what this is all about and it’s the right way to go.”
The federal government is in talks to take as much as a 40 percent stake in the struggling bank’s common stock, the Wall Street Journal reported on Sunday.
Republicans have criticized Democrats for moving closer to bank nationalization – something White House Press Secretary Robert Gibbs signaled that the administration signaled would oppose on Friday.
“My main concern is that Washington is sending mixed signals to Wall Street, which is causing private capital to remain on the sideline," said Rep. Scott Garrett (R-N.J.), a member of the House Financial Services Committee. "Until investors are clear about the government’s intention with regard to future market interference, confidence will not be restored to the financial sector.”
The idea, reported the Journal, was originally proposed to the government by Citigroup. On Sunday, Treasury spokesman Issac Baker indicated to Politico that the administration would seriously consider the proposal.
...
The U.S. government infused $45 billion into Citigroup last fall.
(Excerpt) Read more at news.yahoo.com ...
A turd by any other name, Harry ....
““It’s not nationalization, it’s protecting the taxpayers’ interests,” Reid”
Gosh, I can’t tell a difference in words between Reid and Chavez, can you?
And when a burglar breaks into my home and steals my belongings, it’s not theft, it’s redistributing the wealth.
What bizarre leftist thinking.
Harry “Orwell” Reid, instructs the media on doublethink
“Until investors are clear about the government’s intention with regard to future market interference, confidence will not be restored to the financial sector.”
—
A democratically controlled Congre$$ and WH are pushing this country and its future to the brink of disaster. (Is that too strong a statement?)
It is the gubamint’s meddling by folks of a certain political persuasion that got us in this mess... a fact lost to the mainstream mumbling media, for some odd reason.
check out the definitions of “Orwellian”
It's all in the naming. How could anyone be against the Fairness Doctrine??
I support calling the Democrats economic plan "nationalization" because I think it is very accurate. But if they insist on a name change, I will gladly consider "fascist economics" as an alternative.
http://www.americanthinker.com/2008/04/doublethink_and_the_liberal_mi.html
well well well- today’s topic is.... democrat party doublethink
Senator Susan Collins (L)(R-ME) speaks as Senate Majority Leader Harry Reid (L)(D-NV) and Senators Max Baucus (2nd R)(D-MT) and Arlen Specter (R)(R-PA) listen after a compromise was reached on the stimulus package in Washington, DC, February 11, 2009. (Joshua Roberts/Reuters)
And when you stick it to us over and over, I suppose that’s in our best interests, too?
Μολὼν λάβε
No, it is not just nationalization, it is a blend of nationalization and socialism- nationalization/socialism, and it is an act for the working class so it is nationalism/socialism workers act.
Was their any more deceitful thing than a liberal?
Dingy Harry: “don’t call it what it is, please.”
cow?
I don’t know if I am wrong or not; but corporations like Citibank; weren’t they run by Clinton people? Were they pre-selected to fail as a way the government to own private business?
Just a thought.
It’s not a noose Harry, just call it a rope with a knot in it tied around your neck.
How does raising taxes and throwing every American citizen deeper into debt 'protect taxpayer's interests'? Just as Hollywoood's narcissists are enamored of their own looks and talents and view themselves as great artists and "beautiful people", politicians view themselves as gods, all-powerful saviors who know better than the people what is good for them. These peoples' egos are so enormous they blot out humility and reality. May the real God save us all from bloated egoists like Harry Reid.
...someone please post the “it's not fascism when we do it jpg?
for now, i guess this will have to do...
-PJ
It worked so well for the railroads.
2 words
Robert Rubin
2 more words
Goldman Sachs
"Very small rocks!"
Democrats are people who believe you can pick up a turd from the clean end...
Harry identifies a Thought Crime.
He should know about 'dramatic rhetoric' since he is a pro at it!
So ... I guess that's the right name.
Liar or delusional?
Has Mexico ever paid back the money that it borrowed from Citibank. I remember years ago that Mexico owed Citibank millions it not a few billion of dollars. I could be wrong, but I don’t think I am. Maybe some of you may be more up to date on this than I am.
OK.
I’ll call it tapioca pudding.
But it’s still nationalization.
Harry is right. It is communism.
Obama told Joe the Plumber that he wanted to “spread the wealth” and he is getting to it! Why is everyone so surprized?
Selling our birthright for a bowl of soup.
Well, it looks like they are continuing the “failed policies of the Bush administration” to me!!
Bush threw money at the problem and it got worse. Why do we let them continue?
Reidalization
Liberalism is the insane belief that you can pick a turd up by the clean end.
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