Trump Imitates Chinese Communist Party

[Votto]

There was one government industry in Nazi Germany, the Hermann Goering works.

Reichswerke Hermann Göring - Wikipedia

The US appears to have more, but it is generally the same model Hitler had.

 

[Oddball]

Your life as you knew it would have been chaos

Think around 1929

Another one who bought the doomsayer media narrative.

 

[Votto]

Sen. Rand Paul (Ky.), a libertarian-minded Republican, criticized the Trump administration’s push to acquire a stake in U.S. chipmaker Intel, suggesting the move would be a “step toward socialism.”

https://thehill.com/homenews/senate/5462706-rand-paul-intel-socialism/#:~:text=by%20Sarah%20Fortinsky%20%2D%2008/20,told%20CNBC's%20%E2%80%9CSquawk%20Box.%E2%80%9D

Just curious what the full ownership by USA government of the following is not also "steps toward socialism"?
Examples of Government-Owned or Sponsored Entities:

• Amtrak: A quasi-public corporation that provides passenger rail service.
  
  
• U.S. Postal Service: An independent establishment of the executive branch of the U.S. government.
  
  
• Federal Prison Industries (UNICOR): A government corporation that provides goods and services to federal agencies.
  
  
• Commodity Credit Corporation (CCC): A government corporation that supports U.S. agriculture.
  
  
• Federal Deposit Insurance Corporation (FDIC): A government agency that insures deposits in U.S. banks.
  
  
• Fannie Mae (Federal National Mortgage Association): A government-sponsored enterprise that buys mortgages from lenders and packages them into securities.
  
  
• Freddie Mac (Federal Home Loan Mortgage Corporation): Another GSE that functions similarly to Fannie Mae in the mortgage market.
  
  
• Ginnie Mae (Government National Mortgage Association): A government-owned corporation within the Department of Housing and Urban Development that guarantees mortgage-backed securities.
  
  
• Tennessee Valley Authority (TVA): A federally owned corporation that provides electricity and other services in the Tennessee Valley.

Most think that the Boston Tea Party was over the high taxes on tea.

But the truth is, taxes on tea actually went down after the British crown cornered the market on tea in the US.

Taking over all tea with their corporation was the rub, the same corporation that the UK used to subdue India was the trigger for the revolt. The East Indies company even had their own standing army, but again, the corporation was created by the British crown to do their dirty work for them.

And US corporations are the same, which are government created industries to do their bidding.

Corporations are essentially mini governments of centralized control with special privileges and perks everyone else does not have, and all thanks to government.

China has learned this lesson, which is why they turned to corporations to create the 2nd biggest economy in the world. Without it, they would have no influence whatsoever in the world today, but now they seem to run most of it.

 

[kyzr]

Then fuckem....Let the bad actors eat it.

That's what happened. Lehman Brothers failed and many others, but some were "too big to fail" and they were saved, like AIG and the big banks.

Lehman Brothers - Wikipedia

en.wikipedia.org

Which Banks Failed in 2008?

The financial crisis of 2008 is considered one of the most significant economic events in recent history. The collapse of the housing market and subsequent

www.projectfinanciallyfree.com

Too Big to Fail (film) - Wikipedia

en.wikipedia.org

 

[PeterPilot]

The US government shouldn't be owning anything in the economy like this. That is Socialism. I don't care who does it, it is Socialism.

It is more fascism than it is socialism. Socialism implies that society benefits from a given policy. Society and the people don't benefit from this action, corporations and government players benefit. Corporatism/Fascism all the way.

 

[kyzr]

Which is why we should have let all the banks go broke.

The weak ones failed, but the big ones were saved and they paid back every dollar of the loans.
Letting big banks fail would hurt many small investors as well as many big investors, needlessly.

 

[JanetTheGreat]

The weak ones failed, but the big ones were saved and they paid back every dollar of the loans.
Letting big banks fail would hurt many small investors as well as many big investors, needlessly.

It would create a reset of the economy. Perhaps all the inflation, etc, wouldn't be as bad as it is now.

 

[1srelluc]

It's more like a bailout as we saw with the banks in 2008, except this time there are national security interests in seeing a major American chip manufacturer not go belly up.

And they own shares of the company, they don't have a controlling interest in it.

All true but heads were set alight nonetheless.

I even heard on the radio that Nikki Haley has raised her ugly RINO head about it.....I suspect more RINOs will follow her lead.

Haley condemns Trump admin’s Intel deal as ‘what not to do’​

MSN

 

[kyzr]

It would create a reset of the economy. Perhaps all the inflation, etc, wouldn't be as bad as it is now.

It would have created a depression, needlessly. I'm not sure why you are complaining about loans that were all paid back with interest. The loans were made under the TARP program, it gave banks time to "reset" their balance sheets.

Troubled Asset Relief Program - Wikipedia

en.wikipedia.org

 

[martybegan]

That's the hysterical media narrative that you don't usually fall for.

That's my opinion of the situation.

 

[martybegan]

The US appears to have more, but it is generally the same model Hitler had.

The thing missing from the comparison is of course actual Fascism. Things like the SA and the Gestapo providing the force needed to let Hitler get away with things.

 

[Oddball]

That's my opinion of the situation.

The same opinion that the corporate welfare parasites have....And you're not curious as to why that is?

 

[Oddball]

That's what happened. Lehman Brothers failed and many others, but some were "too big to fail" and they were saved, like AIG and the big banks.

Lehman Brothers - Wikipedia

en.wikipedia.org

Which Banks Failed in 2008?

The financial crisis of 2008 is considered one of the most significant economic events in recent history. The collapse of the housing market and subsequent

www.projectfinanciallyfree.com

Too Big to Fail (film) - Wikipedia

en.wikipedia.org

As I said; fuckem...."Too big to fail" is also a lamer paleo-media narrative.

And since when did Wiki become credible?

My God, this is almost like arguing with the State worshiping moonbats!

 

[Oddball]

It would have created a depression, needlessly. I'm not sure why you are complaining about loans that were all paid back with interest. The loans were made under the TARP program, it gave banks time to "reset" their balance sheets.

Troubled Asset Relief Program - Wikipedia

en.wikipedia.org

******* WIKIPEDIA?!?

 

[martybegan]

The same opinion that the corporate welfare parasites have....And you're not curious as to why that is?

Because stopping our country from going into economic shambles had the side effect of bailing their asses out?

What they did wasn't illegal.

 

[Oddball]

Because stopping our country from going into economic shambles had the side effect of bailing their asses out?

What they did wasn't illegal.

Thanks for that, Jim Cramer.

 

[kyzr]

As I said; fuckem...."Too big to fail" is also a lamer paleo-media narrative. And since when did Wiki become credible?
My God, this is almost like arguing with the State worshiping moonbats!

Typing nonsense is also not credible.
Prove me and wiki wrong.
Too Big Too Fail is based on a non-fiction book by Andrew Ross Sorkin.

 

[kyzr]

******* WIKIPEDIA?!?

OMG, do your own research. Such a whiny wimp. TARP was a fact, deal with it.

TARP: The Bank Bailout, One Year Later

Hank Paulson's plan was supposed to save the economy. But did it end up merely enriching bankers?

www.newsweek.com

The Bailout Was 11 Years Ago. We’re Still Tracking Every Penny.

Over a decade ago, we started a database to track TARP, the 2008 bailout of the financial system. It turns out bailouts are forever, and we’re still updating the damn thing. So, recently, we decided to give it a makeover.

www.propublica.org

Did TARP Help You or the Banks?

The TARP bailout program authorized $700 billion to bail out banks, AIG, and auto companies. It also helped credit markets and homeowners.

www.thebalancemoney.com

https://www.thestreet.com/dictionary/troubled-asset-relief-program-tarp

Bailout: The Great Bailout: Unpacking TARP s Controversial Lifeline to Banks - FasterCapital

In the wake of the 2008 financial crisis, the Troubled Asset Relief Program (TARP) emerged as a pivotal element in the United States government's effort to stabilize the teetering banking system. Conceived amidst a climate of fear and uncertainty, TARP was designed to address the urgent need for...

fastercapital.com

Bush signs bank bailout, Oct. 3, 2008

On this day in 2008, President George W. Bush signed legislation that allowed the U.S. Treasury to put its proposed Troubled Asset Relief Program into effect.

www.politico.com

Troubled Asset Relief Program (TARP) Information

The Federal Reserve Board of Governors in Washington DC.

www.federalreserve.gov

 

[Oddball]

Typing nonsense is also not credible.
Prove me and wiki wrong.
Too Big Too Fail is based on a non-fiction book by Andrew Ross Sorkin.

What's not credible is reciting media narrative twaddle and slogans as though it's what actually happened.

"The impending second depression" was as cooked up a scare story as Goebbels warming is...And you've fallen for it to this very day.

You do realize that none of that bad paper was wrung out of the system, and was transferred to the Fed, right?

 

[Oddball]

OMG, do your own research. Such a whiny wimp. TARP was a fact, deal with it.

TARP: The Bank Bailout, One Year Later

Hank Paulson's plan was supposed to save the economy. But did it end up merely enriching bankers?

www.newsweek.com

The Bailout Was 11 Years Ago. We’re Still Tracking Every Penny.

Over a decade ago, we started a database to track TARP, the 2008 bailout of the financial system. It turns out bailouts are forever, and we’re still updating the damn thing. So, recently, we decided to give it a makeover.

www.propublica.org

Did TARP Help You or the Banks?

The TARP bailout program authorized $700 billion to bail out banks, AIG, and auto companies. It also helped credit markets and homeowners.

www.thebalancemoney.com

https://www.thestreet.com/dictionary/troubled-asset-relief-program-tarp

Bailout: The Great Bailout: Unpacking TARP s Controversial Lifeline to Banks - FasterCapital

In the wake of the 2008 financial crisis, the Troubled Asset Relief Program (TARP) emerged as a pivotal element in the United States government's effort to stabilize the teetering banking system. Conceived amidst a climate of fear and uncertainty, TARP was designed to address the urgent need for...

fastercapital.com

Bush signs bank bailout, Oct. 3, 2008

On this day in 2008, President George W. Bush signed legislation that allowed the U.S. Treasury to put its proposed Troubled Asset Relief Program into effect.

www.politico.com

Troubled Asset Relief Program (TARP) Information

The Federal Reserve Board of Governors in Washington DC.

www.federalreserve.gov

Right....And you know what happened to that money?....IT WAS ALL DEPOSITED AND HELD ON ACCOUNT!

Next to none of it was lent into the overall economy...Translation: THE BAILOUTS WEREN'T NECESSARY!

It was all a big game of 3-card monty and you fell for it to this very day.