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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (260877)	7/14/2010 5:09:04 PM
From: RetiredNow	Read Replies (1) \| Respond to of 306849

Well, what shocked me about Obama's socialism is that I fully expected him to swing the pendulum back towards favoring the American masses, from the outright favoritism showed the very rich under Bush Jr. Hell, as a centrist, I fully supported it, because I believe that balance must be maintained in order to safeguard our Democracy and the American Dream of class mobility. However, what I never expected was for Obama to engage in a socialization of private losses from companies run by the wealthiest 1% in this country. He has presided over one of the largest transfers of wealth from the masses to the top 1% in the history of this country. And it has happened through transfers of toxic assets, outright bailouts of private industry, zero interest rate policies, quantitative easing, and other methods that are designed to pull the wool over our eyes. I didn't expect that of Obama, and so, it has disappointed me.