Socialism, of course, has NEVER worked throughout history. But idiots keep trying..........
It saved capitalism, yet again in 2007-08, and the entire world witnessed america's most staunch "free marketeers" beg for it.
False. The 2007-08 crash was directly due to socialism. Social control. The Federal Government, used Fannie Mae and Freddie Mac, their government run enterprises, to support sub-prime mortgages. This is documented fact.
Additionally, the Federal Government sued banks to make bad loans. This is also documented fact.
The entire crash, was due to government. Not capitalism.
Further, the system was "saved" by socialism. Government didn't save anything. Look at the banks that were "bailed out". Countrywide Financial? Countrywide no longer exists. How do you call that a "bailout" when the result is, the banks "bailed out" no longer exist?
IndyMac, Wamu, Bear Stearns, .... all of these "bailed out" banks, no longer exist.
The bailout didn't do anything. It was just stupid people, being told by the elite, that they had to take the stupid people's money, and give it out to supporters. Iceland didn't bailout any of their banks. It didn't destroy the country. Instead, the banks went through bankruptcy, and the economy recovered.
Bailouts and government intervention and socialism, always make things worse. This is why after spending trillions, the US economy had the worst recovery in US history. No other recovery from a recession was as slow, as the recovery from the great recession. Why didn't your socialist bailouts make it the fastest recovery? Because socialism never works. Never has. Never will.