Thanks for your comment. Ron Paul isn’t very popular here for various reasons, but on the bailout he’s right.
And you’re right. The bail-out puts the government squarely in the middle of our banking system. And once the public and the private mix we’re headed down a dark road.
You did make one mistake, which is that it isn’t our private bankers who are doing this, but our government and semi-government bankers who caused this, that and government rules that were imposed to force banks to do the government’s will. Banks were required to make loans that were not sound. Then semi-government banks bundled these loans and sold them abroad with an implied government guarantee. When they began to fail in large quantities the government stepped in to make them good. It was government involvement that caused the problem and government spending tax money to make it good is making it worse.
As you note, this is a large step toward a socialized banking system. Now the car companies one a piece of the action. If government agrees to another several hundred billion dollars in tax money to keep them afloat, we’ll have gone another big step down a very bad road. These companies are slowly moving their operations out of the US anyway; their foreign operations are profitable. They’ll use the bailout money to shore up their foreign operations.
When government takes control of the economy, freedom suffers and prosperity suffers too; socialized economies are usually stagnant economies.
“Now the car companies one a piece of the action”
Meant to say, “Now the car companies “want” a piece of the action...
You are vehemently opposed to the $700 billion bail-out, and see the de-facto government take-over of banking and credit as a huge step toward a centralized planned economy. As a person presumably old enough to have seen the fruits of the socialist system in Poland: you know it means the loss of both prosperity and liberty.
Most of us here would agree with you. Some of us tend not to support Ron Paul for other reasons (too lengthy for me to elaborate) but I, personally, thought he was as desirable a candidate as John McCain. More desirable, in fact, because more liberty-loving and conservative.
I voted for McCain, principally because it was my only way of voting against Obama; but his subsequent craven collaboration with Obama makes me suspect they were covert allies of a sort, even if not consciously.
Please ignore those who ridicule your typing, spelling, and syntax errors. You have sent us a good message: one considerably more sensible than most.
Write again. Create an "About" page and tell us more about yourself. You WILL find some kindred spirits here. God bless you.