US government to nationalize basic financial industry

You know things are getting bad with the economy when the capitalist US government starts to nationalize industries! But that’s what the Bush Team is going to be doing, alongside their usual supporting cast of Democratic Party politician hacks chipping in, too. See U.S. to take control of mortgage giants: reports

They called it ‘conservatorship’ to keep from using the word ‘nationalize’, but it is one and the same thing. And for sure, the one and same people who will be behind nationalizing the debt ridden Fannie Mae and Freddie Mac con artists will be bad mouthing Hugo Chavez when he nationalizes industries in Venezuela. There is one big difference between US and Venezuelan nationalizations though, and that is that the US government will be doing it to help the super rich, whereas Venezuela will be nationalizing industries to help out the poor working classes of that country.

Leave a Reply

Your email address will not be published. Required fields are marked *