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No because that "would be socialism". In the United States, far-Right Republicans and Democratic liberals alike have sold many people on the notion that the market should be the main force to drive the economy and define social relationships. They maintain that government should stay off people's backs and out of our wallets. They promote rugged individualism and consumerism couched in terms like "personal responsibility," "freedom" and "independence." "Greed is good!" was the mantra of Michael Douglas' character, Gordon Gecko, in the 1980s movie "Wall Street," and those became the words to live by in the '80s and '90s. The philosophy and value of greed was taken to heart by many a corporate CEO, and, over the past three decades, this twisted logic -- underlined by the values of individualism and the culture of consumerism -- has turned back the clock on human development with devastating consequences. is new-jersey if it's to bailout companies and save the CEO's from losing their obscene wealth but never to save a poor person who's hungry or can't feed their kids oraffor healthcare, that's the real America. In the United States, the wealthiest country in the world, 36 million Americans live in poverty - earning less than $20,650 for a family of four in 2007. Another one in six Americans struggle to make ends meet on incomes between 100% and 200% of poverty ( $20,650 to about $40,000 for a family of four). More than 12 million American children grow up in impoverished homes. When compared with 20 other wealthy nations on measures of health, safety and relative poverty, America's children fare amongst the worst. the real America, a living nightmare. endless invocations of the virtues of private enterprise, individual entrepreneurship and self-reliance, used to demonize socialism and defend a system that exploits the vast majority for the benefit of a financial elite, have been exposed as frauds. When it comes to big capital, losses are socialized. Only profits remain private. The same forces who year after year have inveighed against “big government” in order to justify the removal of all legal impediments to the accumulation of corporate profits and private fortunes, and carry out the destruction of social safeguards for the working class, have engineered a massive expansion of government power to safeguard the interests of the financial elite. There have been no investigations into the greatest financial scandal in world history. Neither party has any interest in bringing to light the swindling and skullduggery of the Wall Street moguls, because they are both bound hand and foot to those responsible for the financial debacle. What has been revealed is the existence in the United States, behind the increasingly tattered veneer of democratic institutions, of a plutocracy—the political rule of the rich. When it comes to the basic interests of the financial aristocracy, both parties and all of the official institutions of society snap to attention and do the bidding of their Wall Street masters." The immediate line-up of both parties and the media behind the bailout plan for Wall Street stands in the starkest contrast to their indifference and inaction in regard to the plight of millions of American working people, who face a rising tide of home foreclosures, layoffs and sinking living standards. When it comes to the social needs of the people, the universal cry from corporate America and the two parties is, “There is no money,” but when the fortunes of the financial elite are threatened, the full power of the government and unlimited resources are marshaled virtually at a moment’s notice. There was no suggestion in the statements of Bush and Paulson of any relief for the working class—nothing to stop home foreclosures or help those who have already lost their homes. Rather, hundreds of billions—and more likely trillions—of dollars in public funds will be used to prop up the banks. The resulting bankrupting of the government will be used to justify a brutal assault on what remains of social programs, including Medicaid, Medicare and Social Security, and demand even greater financial “sacrifices” from workers, whether the next administration is headed by Obama or McCain. Nothing could more clearly demonstrate that behind the façade of American democracy there stands a dictatorship of big business.
Sure, the government has been bailing people out for a long time. It's called welfare. The only requirement is that you stay or become lazy and that you make bad choices in your life. Then, just head on down to the local handout office! Don't worry, the top 50% of America which actually works hard and comes up with real ideas will pay nearly 100% of the taxes that run your government. That's how they get rewarded for their hard work!
Um . Got ta try that one . Printing money on my computers printer don't work Even though the government does it all the time to pay the bills . Let ya know if they take the past due bills I got to the federal building in Cincinnati . I will dress in my Sunday best and get one of those limos to drive me there so they think I am one of the members of the . Republican Millionaires club .
Govt would bail out any such company only when it is evident that fall of that company would hurt millions, cost lot of jobs and hurt many more companies world wide and hurt American economy much more than we think in the long run. AIG, Freddie and Fannie had their tentacles spread all over and were helped based on their merit, but not Lehman. So it is always case by case, in this world.
The bailout is necessary because hard working American pensions and retirements are directly affected by these companies but to let the people responsible walk away scott free is immoral.
Are there no Democrat people in Government with money? Guess not, they are all White Republicans
No, you are not in the "loop", you have to have ripped people off for billions of dollars before the government considers you credible and helps you, so that you can resume ripping people off and giving the government their cut!
Try coming to the UK, our shower of a government give handouts to all and sundry. All you have to do is to pledge your life long vote to our socialist party.
That depends. Did you contribute to the ruling party's (as in "political party") campaign?
...Yes, just wait till after the November election and if Obama gets elected, he'll have his "nanny" state take care you forever... He's a committed Socialist.