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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Mike Johnston who wrote (88217)	10/30/2007 4:18:57 PM
From: GST	Read Replies (1) \| Respond to of 110194

You are not describing socialism -- you are describing incompetent and corrupt government - the kind we have today.

To: Mike Johnston who wrote (88217)	10/30/2007 4:35:14 PM
From: CalculatedRisk	Read Replies (3) \| Respond to of 110194

I think we can separate "socialism" and "corporatism". IMO the U.S. suffers much more from the latter (and incompetence) than from the former. Plus - we have a huge problem right now with ideologues. There is a group of people that think any regulation is bad. I've seen some of these ideologues label every regulation as "socialism" in an attempt to discredit all government. Heck, I'm for minimal regulation. But IMO some regulation is necessary. Apparently that makes me a socialist these days!

To: Mike Johnston who wrote (88217)	10/31/2007 10:27:29 AM
From: John Vosilla	Respond to of 110194

No doubt the 'ownership society' and higher home ownership rates putting many in debt slavery was encouraged by the suits at the controls via easy credit seems to be a form of socialism that was initially supported by fringes on far left even with complete Republican control so all were guilty of letting it get out of control The lack of oversight is far right wing propaganda pushing crony supercapitalism to extremes. Now everybody crying wolf when so many who had their hand in the cookie jar are getting hurt by it..