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Politics : Politics of Energy
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To: Little Joe who wrote (8362)5/20/2009 4:36:35 PM
From: RetiredNow  Read Replies (1) of 86356
 
A government lending money to a private bank is not socialism. Already the banks are raising cash to repay the loans. Do you know what socialism is?

Now, wholesale bailouts by giving money to the banks is reverse socialism. It's stealing from the poor masses to give to the rich. During Bush's administration, his tax cuts were another example of reverse socialism. I never saw a dime of his tax cuts due to creeping AMT, but my much richer brother saw huge tax benefits. Now Obama is righting the scales and taking us back to the 1990s by reversing the Bush tax cuts, and you guys are all up in arms? I find that hypocritical.
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