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When did Bush become a socialist?

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  • 31-08-2007 3:41pm
    #1
    silverharp
    Registered Users Posts: 18,367 ✭✭✭✭


    I gather the US Gov. is going to try to bail out people/or the lenders affected by the mortgage crises in the US. Does it seem odd that in particular a right ring republican would try to socialise the mistakes made by stupid borrowers and stupid lenders. I always believed that the strength of the US was that you had the freedom to succeed or Fu** up depending on your abilities. Now we seem to have a situation where prudent savers will have to carry the can for their numbnut neighbours who somehow have the right to bear arms but not the ability to use a calculator!

    A belief in gender identity involves a level of faith as there is nothing tangible to prove its existence which, as something divorced from the physical body, is similar to the idea of a soul. - Colette Colfer



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    #2
    BenjAii
    Closed Accounts Posts: 545 ✭✭✭BenjAii


    I might be wrong, but I'll guess this is primarily motivated to help the banks and the markets ?

    I doubt he's doing it to help Joe Public.


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    #3
    banaman
    Closed Accounts Posts: 127 ✭✭banaman


    Around the same time as Bertie, our laundry man, sorry Taoiseach


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    #4
    brianthebard
    Closed Accounts Posts: 16,165 ✭✭✭✭brianthebard


    BenjAii wrote:
    I might be wrong, but I'll guess this is primarily motivated to help the banks and the markets ?

    I doubt he's doing it to help Joe Public.

    Agreed. It has nothing to do with socialism and everything to do with bailing out the economy before it slows down any more.


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    #5
    silverharp
    Registered Users Posts: 18,367 ✭✭✭✭silverharp


    brianthebard wrote:
    Agreed. It has nothing to do with socialism and everything to do with bailing out the economy before it slows down any more.

    the point of having free markets is that you let recessions happen so that the system purges itself of mal investments. When gov. try to prop up markets the it is the opposite of free market thinking and the only term that comes to mind is socialism.

    A belief in gender identity involves a level of faith as there is nothing tangible to prove its existence which, as something divorced from the physical body, is similar to the idea of a soul. - Colette Colfer



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    #6
    Hotblack Desiato
    Registered Users Posts: 34,988 ✭✭✭✭Hotblack Desiato


    silverharp wrote:
    the point of having free markets is that you let recessions happen so that the system purges itself of mal investments. When gov. try to prop up markets the it is the opposite of free market thinking and the only term that comes to mind is socialism.
    Exactly it only makes things much worse in the end. E.g. Japanese property bubble, Sterling crisis, in the end the pain is greater if you attempt to postpone it.

    The Roman Catholic Church is beyond despicable, it laughs at us as we pay for its crimes. It cares not a jot for the lives it has ruined.



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    #7
    brianthebard
    Closed Accounts Posts: 16,165 ✭✭✭✭brianthebard


    silverharp wrote:
    the point of having free markets is that you let recessions happen so that the system purges itself of mal investments. When gov. try to prop up markets the it is the opposite of free market thinking and the only term that comes to mind is socialism.

    So when Reagan helped out grain farmers in the 70s, that was socialism? Perhaps your definition of a free market is correct, but I don't think that's exactly what America is. Nor do I think that once a government helps out business it becomes socialist. That's incredibly black and white of you.


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    #8
    Shutuplaura
    Registered Users Posts: 470 ✭✭Shutuplaura


    silverharp wrote:
    the point of having free markets is that you let recessions happen so that the system purges itself of mal investments. When gov. try to prop up markets the it is the opposite of free market thinking and the only term that comes to mind is socialism.

    You are badly wrong mate.


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    #9
    sovtek
    Closed Accounts Posts: 2,485 ✭✭✭sovtek


    I think the term most apt is "corporate socialism".


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    #10
    DublinWriter
    Registered Users Posts: 9,557 ✭✭✭DublinWriter


    sovtek wrote:
    I think the term most apt is "corporate socialism".
    I prefare 'social corporatism'.

    Bush realises that the bottom-rung of the U.S. economic ladder are the sub-primes. If the vast proportion of that credit market collapses then it will bring down all above it.


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    #11
    sovtek
    Closed Accounts Posts: 2,485 ✭✭✭sovtek


    DublinWriter wrote:
    I prefare 'social corporatism'.

    Bush realises that the bottom-rung of the U.S. economic ladder are the sub-primes. If the vast proportion of that credit market collapses then it will bring down all above it.

    I'm not sure how much Bush "realises" about anything. Greenspan, however, more than likely knew this would happen...but kept it up and still defends idiotic policies. Some people got very very very rich.


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    #12
    leninbenjamin
    Closed Accounts Posts: 8,983 ✭✭✭leninbenjamin


    silverharp wrote:
    the point of having free markets is that you let recessions happen so that the system purges itself of mal investments. When gov. try to prop up markets the it is the opposite of free market thinking and the only term that comes to mind is socialism.

    uhhh.... that might have been the beliefs a century ago, really simplistic and antiquated.


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    #13
    Húrin
    Closed Accounts Posts: 3,045 ✭✭✭Húrin


    silverharp wrote:
    the point of having free markets is that you let recessions happen so that the system purges itself of mal investments. When gov. try to prop up markets the it is the opposite of free market thinking and the only term that comes to mind is socialism.
    when you're in government and want to keep your popularity up you don't just "let recessions happen" if you can help it.


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    #14
    silverharp
    Registered Users Posts: 18,367 ✭✭✭✭silverharp


    H&#250 wrote: »
    when you're in government and want to keep your popularity up you don't just "let recessions happen" if you can help it.

    the point is it doesn't work, look at Japan, they basically paved over the whole country and they still had a recession for more then a decade

    A belief in gender identity involves a level of faith as there is nothing tangible to prove its existence which, as something divorced from the physical body, is similar to the idea of a soul. - Colette Colfer



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    #15
    brianthebard
    Closed Accounts Posts: 16,165 ✭✭✭✭brianthebard


    Of course it works, Japan's recession has nothing to do with the governments involvement with the economy.


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    #16
    bostonian
    Closed Accounts Posts: 141 ✭✭bostonian


    He isn't doing it for the common man, he is doing it because if subprime collapses, the rest of the economy might go with it, and then he'll have to leave Iraq to pull the US out of the resulting depression, and we all know how he likes seeing those bodybags come home every week... it's like the ringing of a cash till.


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