Commentary: Sam Donaldson on Economic Socialism
October 14th, 2008 . by TexasFredSam Donaldson on Economic Socialism
After Ronald Reagan was shot. he joked to his doctors just before the operation that saved his life — “I hope you are all Republicans” — to which the doctors replied, “Today, Mr. President, we are all Republicans.”
Well today, with the possibility of another worldwide financial depression staring us in the face, it turns out our doctors are all socialists. Yes, socialism has now washed over free market capitalism and only a very brave, or foolhardy few would protest.
The federal government has nationalized the banks, the U.S. Treasury and Federal Reserve doors have opened wide and taxpayer money flows faster than quicksilver, and this week, the presidential candidates have each come up with new, immediate relief plans that have the government intervening in a way that costs a lot more money. The candidates have realized, late, but finally, that the economic pain Americans are feeling must be felt now — thank you, Bill Clinton — not next January when one of them becomes president.
And how much would all this government spending cost? Who knows. The estimate of what the federal government has put into place so far is well more than $1 trillion, the next fiscal year’s deficit may be $750 billion or higher.
Yes, some will cry “socialism” but that cry in today’s crowded theater of worried Americans won’t stop this train.
Make no mistake; we are living in a new age. Just as we will never go back to a pre-9/11 security mentality, we will never go back to the free market, deregulated economic policies in the same degree that brought us to this crisis.
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Commentary: Sam Donaldson on Economic Socialism
I have to agree with Sam Donaldson on his commentary. I don’t have a lot of use for the MSM, and anyone that has read my blog more than once or twice knows that, but there are a few in the NEWS business that do still retain a sense of ethics, standards and decency. Sam Donaldson is one of them.
The government has opened up the floodgates, our money is going down the river, and it is being wasted in a gross exhibition of futility in an attempt to save the bad business ventures that brought all of this on in the 1st place.
I am reminded of the old *joke* that goes, ‘Yes, the operation was a success, but the patient died’. We are the patient, and the operation is well under way, and WE are on life support right now. The politicians can wrangle back and forth all they want, the pundits can make all the snide remarks they can come up with, the fact still remains, the USA has been yanked from the capitalist market and thrust into the world of global socialism.
Our Congress and Senate did this, our One World president urged it on, and then he immediately signed it into law. It is MY opinion that ANYONE still supporting any of the lawmakers that voted FOR this debacle, the Socialization of America, is as much an empowerment tool of socialism, and is as much responsible for it as those that touted it, and those that forced it off on the American people.
If you lay with the dogs, you’re going to wake up with fleas.
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Some good points by Mr. Donaldson. But, I’m wondering where he says we’ll never go back to a Free Market with its deregulated economic policies which brought on the crisis. I’m wondering was it the deregulation or the government forcing banks and lending institutions to give loans to those who couldn’t pay?
I wondered that too Bob, the best I can come up with is BOTH… And once you leave, you can never go home…
We are in a new and different world now, and I don’t like it one bit…
Gads…
We are not, nor have we been in a true “Free Market,” much less a laisse fare economy as Donaldson stated. As noted by BobF the policies that led to this debacle were a result of government edicts that were placed upon the various markets. A lot had to do with granting loans to people that just plain had no business getting them. Other than political correctness (read racial preferences, and non credit worthiness) in order to make the U.S. appear to be a “kinder, gentler” nation.
There has never been a “pure” economy anywhere, even the Soviet Union had it’s official Black Market, as well as the unofficial one. My point being, that some controls are a good thing. Not however, what was allowed to happen during the past few Presidential cycles. Not to mention that allowing the people that led us into these troubled times all have “golden parachutes.” I lost most of my life savings some time ago; they were invested in a “blue chip” stock. You may have heard about Qwest…
In any case, we are in for a rough ride ahead. Not to mention all these fiat dollar bills that are being printed are making what money that we do have nearly worthless. Otherwise, our great grandchildren will be the ones paying this fiasco off.
Correction:
Donaldson implied, not stated. I be bad…
If you lay with the dogs, you’re going to wake up with fleas.
I feel like I’m covered. Perhaps I should make use of the cat’s flea bath stuff? sigh… Nope…won’t help. We truly are in a different country than the one you and I grew up in. I don’t like it one bit either.
I hate to be an I told you so, but dammit, I told you so. We had one conservative in the group running and it wasn’t Huckleberry, Mitzi, Uncle Freddy, or Guili Girl. Yeah, a Tom Tancredo was one I could have gotten behind, but most were quasi-conservative or out and out liberals.
Uh, Shooter, I hate to tell ya this but Tancredo turned out to be as big a screw up as ANY of em, he voted FOR the bailout too, he’s as much a socialist as any of em…
Damn. Tancredo voted for it?
Sheesh. There goes the last one for me. Nobody left to believe in, except for myself. So, as my buddy says, fock ‘em all but six.
See folks, this is why I tune in to Fred’s place, I get all the info. that I’m too lazy to find on my own.
The downward spiral this country is on makes me sad to think of what kind of America my kids will live in.
It sure as hell won’t be the same one I lived in.
Carl, this country has already done a 180 from what it was when I was a young sprout. We need to push it another 180, and return to the values we were taught as kids, and that would be, as Fred said in another post, God and Country ….FIRST! Screw the UN and the EU, etc. My grandkids will never know the freedoms we had, and have lost, unless we can take back control.
When Kate was a ’sprout’ Orville and Wilbur were new to the aviation industry…
thplbbbbbbbbbbbbbbbbbb LOL Smart ass! Tellin’ my secrets!
Kate
Don’t feel bad, Fred is so old that when he went to school he didn’t have to study history……..because there wasn’t any!
LOL!!!!!!!!!!!
Sorry Fred, I couldn’t resist.
Carl, I beg to differ, there WAS history, but it was Revolutionary War history…
What Carl isn’t telling here is, he is so old, he knew the Beetles when they were the New Kids on the Block.