Socialism for the Wealthy .... Capitalism for the Poor...

Sunshine

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It is definitely an interesting concept:

Socialism for the rich and capitalism for the poor is a classical political-economic argument, stating that in the advanced capitalist societies state policies assure that more resources flow to the rich than to the poor, for example in form of transfer payments. The term corporate welfare is widely used to describe the bestowal of favorable treatment to particular corporations by the government. One of the most commonly raised forms of criticism are statements that the capitalist political economy toward large corporations allows them to "privatize profits and socialize losses."[1] The argument has been raised and cited on many occasions.
Even Tomas Jefferson had something to say about it:

I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the Bank. ... You are a den of vipers and thieves.
—Andrew Jackson in 1834 on closing the Second Bank of the United States.[2]
Socialism for the rich and capitalism for the poor - Wikipedia, the free encyclopedia

Some sources state that it is 'the poor' who bear all the risk in our society. I would differ and suggest it is the middle class who bear all the risk.

We are NOT a capitalist society. And for all on here who preach 'free market' this and 'free market' that when it comes to health care and other things that would benefit ordinary Americans, someone needs to step forward and explain why Chrysler is still in business. If not for American socialism in the mid 90's Chrysler wouldn't even be around now. We have seen socialism for the wealthy and the middle class absorbing the losses the last 4 years. Anyone who thinks the wealthy in today's world got there by pulling themselves up by the boot straps really needs to think again.!
 
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Sunshine

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Maybe you should take this up with all the pimps for endless bailouts, "stimulus" programs, worthless fiat money and central economic planning.
In a truly 'free market' Chrysler would have been gone before the year 2000.
 

Oddball

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In a truly free market, New York City and Cleveland would have had to file for reorganization under bankruptcy laws.

In a truly free market, there wouldn't have been the prepackaged shotgun bailouts of Chrysler and GM, to float the UAW's over extended pension and benefit programs.

In a truly free market, states would've had to deal with their overspending, ranter than getting a big fat bailout, under the guise of the phony "stimulus" program of '09.

I could go on, but I think you get my drift.
 
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Sunshine

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In a truly free market, New York City and Cleveland would have had to file for reorganization under bankruptcy laws.

In a truly free market, there wouldn't have been the prepackaged shotgun bailouts of Chrysler and GM, to float the UAW's over extended pension and benefit programs.

In a truly free market, states would've had to deal with their overspending, ranter than getting a big fat bailout, under the guise of the phony "stimulus" program of '09.

I could go on, but I think you get my drift.
By no stretch is this a free market.
 

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