Here is something to think about this bailout and the consolidation of credit with a few major companies such as Goldman Sachs, Citi-bank, Bank America:
From: Financial Post of Canada
Marx’s Proposal Number Five seems to be the leading motivation for those backing the Wall Street bailout
By Martin Masse, September 29, 2008
“In his Communist Manifesto, published in 1848, Karl Marx proposed 10 measures to be implemented after the proletariat takes power, with the aim of centralizing all instruments of production in the hands of the state. Proposal Number Five was to bring about the “centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.”
Link:
http://network.nationalpost.com/np/blogs/fpcomment/archive/2008/09/29/bailout-marks-karl-marx-s-comeback.aspx
I saw this yesterday. Some folks think the Donald only knows about real estate. His observations make a heck of a lot of sense to me.
Why is it that I’m starting to like Trump (slapping self in face.)
The only downside to low oil prices is the fact that it takes the urgency out of the need to drill here and now in the eyes of many.
This bill will never pass if they keep referring to it as the "bailout bill". They should call it what it really is --" The bend over, I'll drive bill."
Similarly, when government artificially offers excess credit to those who do not qualify for home loans, you get inflated housing prices.
The great irony is that “affordable housing” measures had precisely the opposite effect.
Same effect with the special tax-free treatment of medical benefits: health care price inflation.
Student loan subsidies? Tuition inflation.