Joint Effort

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Archive for February 22nd, 2009

Socialism – that Evil word!

uncle-sam2To all you who think the United States is not a socialist country, think again!  Like it or not, BIG change is on the way…  And, this might not be as bad as you have been brainwashed to believe?   Read the post from Oct 5th (LINK)  I would like to have day care, education and health-care provided for my tax dollars!   A job might be nice too!?!

Socialism defined: Socialism refers to a broad set of economic theories of social organization advocating public or state ownership and administration of the means of production and distribution of goods, and a society characterized by equal opportunities for all individuals, with a fair or egalitarian method of compensation.

Nationalizing troubled banks may be the only answer  –  By Kevin G. Hall | McClatchy

WASHINGTON — Former Federal Reserve Chairman Alan Greenspan thinks it’s necessary. His successor, Ben Bernanke, doesn’t rule it out. From editorial pages to the blogosphere to boardrooms, this is the question on many minds: Should the United States nationalize some banks?

A few months ago, it would have been heretical to suggest that Bank of America could become Bank Owned by America. Now, however, the U.S. economy is sinking faster than anyone thought possible, and respected economic authorities are suggesting that temporary bank nationalization, once the domain of Third World basket cases, could be the best solution.  (Read the whole story here)

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