As featured on p. 218 of "Bloggers on the Bus," under the name "a MyDD blogger."

Monday, September 08, 2008

Free Market Capitalism

So the government decides to heed their foreign paymasters and bail out Fannie Mae and Freddie Mac, which is really a proxy bailout of the entire financial industry, which would have been on the hook for all of their bad loans. This adds to the list of the government, in recent years, bailing out the airlines and various banks. And there are plans - bipartisan plans - to bail out the U.S. auto industry. As a result of the Fannie and Freddie bailout, the stock market goes wild.

This is known as "capitalism." Not corporate Marxism. How dare you. And everyone knows that what we need is less government.

...One thing that would be super-duper, by the way, is if the woman who may be the next Vice President of the United States knew how Fannie and Freddie actually function.

...We're also about to bail out the national highway fund, because higher gas prices have led to less collections from gas taxes. Remember that John McCain wanted to SUSPEND the gas tax, which would put taxpayers on the hook for far more than the current proposed $8 billion dollar bailout. Capitalism.

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