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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Mike Johnston who wrote (92607)	3/21/2008 9:32:25 PM
From: Oblomov	Read Replies (1) of 110194

>>In fact, even I am amazed how close we are to getting there, with rising calls for direct purchases of houses by the government.... And note the primary source of these demands: the so-called liberals, I mean, "progressives", who prize liberty so much that they would reserve it for the few. On the other hand, the GOP would be unrecognizable to Robert Taft, Howard Buffet, or Clare Boothe Luce, having become a socialist-lite party, and having grown the welfare-warfare state faster than at any time since LBJ. As John Lukacs observed in Democracy and Populism, the US has become a one-party national socialist state with two political factions: one is a bit more socialist than nationalist, and the other is a bit more nationalist than socialist. But they agree that freedom (including the freedom to fail) is a preventable evil.

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