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AmericaBlog: Where are all of the "free market" people now?

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deminks Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-15-08 08:49 AM
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AmericaBlog: Where are all of the "free market" people now?
http://www.americablog.com/2008/03/where-are-all-of-fre...

Now that the Fed has chopped interest rates (and will chop again, not that it's going to translate into lower rates for consumers) and they pumped $200 billion into Wall Street, I'd like to know where exactly the so-called free market/industry self-regulate people are. Where are they? They're all at the front of the bloody line calling for more handouts. When Democrats ask for money for SCHIP or food money for the poor or unemployment extensions, all we hear is about cost. What is the matter with Democrats? Is it so hard to scream and yell like the GOP? Why are they so silent on this bailout? Even the homeowner bailout is a pittance compared to the Wall Street bailout.

To show you what frauds the Republicans are, look at how we raised a $200 billion "loan" that uses the garbage subprime papers that nobody in their right mind wants anyway. Debate? Hell no. Just "poof" out of the blue sky, here's a bailout and a healthy loan to Wall Street, which won't be enough anyway. How is it that the "free market" crowd is suddenly nowhere to be found during this crisis? It's the McCain economic team that put all of this into place, so where is he now? Where's the outrage? And for the conspiracy theorists take note that the Spitzer story just happened to take the spotlight away from a very important event this week.

(end snip)

A most excellent rant!
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BB1 Donating Member (671 posts) Send PM | Profile | Ignore Sat Mar-15-08 08:55 AM
Response to Original message
1. An Atheist Amen to that: "Check."
double check.
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fasttense Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-15-08 09:04 AM
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2. Milton Friedman and all his little
Chicago school loyalists were nothing more than con artists. They saw a way to make big money by deregulation and conning the American people and they did it.

Welcome to the United States of Amway, where any ponzi scheme, con game or lie can be sold to any of 300 million marks.
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Cassandra Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-15-08 09:07 AM
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3. Good comment on Washington Journal this am...
if the taxpayers are going to bail out private firms, we should be guaranteed some of the profits.
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