Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : A US National Health Care System? -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (17535)	5/4/2010 9:27:54 AM
From: RetiredNow	Read Replies (1) \| Respond to of 42652

Again, Tim, you keep looking at this disaster from BP's point of view. Who gives a shit about BP's loss in market cap in the stock market? I don't and surely the fishermen and tourist industry in US coastal waters and coasts don't give a shit either. They are going to want and deserve to get direct compensation for their losses. To clarify on what I mean by socialism for the wealthy is this current state of affairs in the US where big businesses like AIG and all those banks deserve to fail, but the US tax payer bails them out and the Fed holds interest rates at near zero, while the Treasury pays out 2.5% on their bonds, so banks get to pocket the difference in order to rebuild their capital reserves. In the mean time, they pay out huge bonuses to their staff, because they say they earned huge profits, despite it just being a transfer of wealth from you and I to the banks and the banks to their staff. That is SOCIALISM FOR THE WEALTHY. In the mean time, try to pass a law like the Health Care bill that benefits the middle class and poor and the GOP goes nuts saying that Obama is a communist or socialist. I find it all incredibly hypocritical and downright criminal of the GOP. So it is absolutely accurate to say that what we're seeing in the US today is socialism for the wealthy and free markets for the rest of us.