Tag Archives: nationalization

Stop bailing the banks out and nationalize them, Robbing Hood

Robbing Hood$173 billions of taxpayer money given to just one financial company, AIG! Thanks, Obama, you’re really doing great here. What has the American public gotten for this travesty of economics, as Obama and Bush (the Democrats and the Republicans) have taken from the poor and given to the rich?
 
Why, they have gotten absolutely nothing. Who has gotten anything besides AIG?

‘The Wall Street Journal reported on Friday that about $50 billion of more than $173 billion that the U.S. government has poured into American International Group Inc since last fall has been paid to at least two dozen U.S. and foreign financial institutions.’ See Reuters… Who got AIG’s bailout billions?

What is this? Is there some sort of competition between American conservative loonies and America’s liberal loonies going on? Why don’t Americans call for nationalizing the banks since obviously the Feds can’t get the job done without all sorts of money being stolen from the poor? Enough of these Robbing Hoods! It’s time to nationalize the banks.

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.