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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (304137)	5/7/2009 10:00:57 AM
From: skinowski	Respond to of 793671

Corporatism is a disease which occurs when the concept of limited government is thrown aside. Message 25411345 Socialism (and fascism) are ultimate corporatist regimes, and they are the very essence of corruption. Ownership by the government of significant parts of the economy is the definition of socialism. There are degrees of socialism, it is not a black and white phenomenon. When the government uses taxpayers dollars to buy equity it is, in fact, buying more power for itself, and paying for a step towards socialism.

To: carranza2 who wrote (304137)	5/7/2009 1:57:19 PM
From: Nadine Carroll	10 Recommendations Read Replies (2) \| Respond to of 793671

I defy anyone to suggest a valid substantive distinction between taxpayer bailouts of the banks and O's dealings with Chrysler. There is a difference in intent and methods. Paulson's bailouts were designed in a panic to inject money to keep the system afloat. Paulson did not act out of a desire to have government own Goldman Sachs at the end of the day, but to keep it alive. Obama is deliberately picking winners (UAW) and losers (bond holders) from the ruins of Chyrsler, and creating an entity that will be half-owned by government and half by the UAW. He is giving Fiat a 20% stake for the sake of its small car technology with no money down, which means that he intends to tell Chrysler what to build and sell. Obama is using the TARP money as leverage to force recipients to take deals they would otherwise refuse. Can you show me where Paulson did that?