Phokus
Lifer
- Nov 20, 1999
- 22,994
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Originally posted by: rchiu
Originally posted by: feralkid
Originally posted by: rchiu
Originally posted by: LegendKiller
I don't think we are in danger. The government isn't taking such an active role in order to control the companies for the long-term, but to provide a way out of this morass. It isn't a buy and hold strategy, it is a buy and sell strategy with the intent to cleanse and release in a better position. That isn't fascism, that is trying to manage a crappy situation.
Not to mention the other catalysts for a fascist government just aren't there.
I don't have problem with the buy and sell strategy the government is taking on, what I have a huge problem with is the treatment of the GM/Chrysler bondholders. To me, it is facism when the government together with the politically connected union use their power to takeover much bigger piece of the pie when the bondholders had more money invested with equal claim right. It is sheer political bullying with disregard of the rights of individual bondholders.
I thought this kind of facist deal could only happen in China, where government and the connected landlords force farmers out of their land so they can take over the land and make profit.
You haven't a clue what fascism is.
To you, it is some term you read in a Republican talking points blog, and never bothered to check it out for yourself.
:thumbsdown:
Text book definition like what Mussolini and Hilter created? Maybe not. But using a failure in the society as an excuse to consolidate power in favor of individual rights? Check
(banking crisis to insert government power in all sectors and favor politically connected over individual bond holder rights)
Social division? Check (using Main street vs. Wall St. mentality to take away the rights of those associated with Wall St.)
Government interventionism? Check (do i really have to explain?)
With democrats pretty much taking over all three branches and a chrismatic Obama who can make any speech sing, and you have an mob of society who will do many unthinkable things, at least in the financial market front right now.
Wall street should be glad we haven't marched into their HQ's and put their heads on pikes after what they did to the world economy.