2009-04-05

Socialism Taking Control

Recession and depressions correct the mistakes made and reveal the crimes committed during the boom times.

Rather than let the bear market do its work, we let the government pay billions of dollars in bailout money to bankers who loaded the world with fraudulent debt when we should be sending
those bankers to jail.

Executives who are firing thousands of workers are given cash bonuses and golden parachutes as
the businesses they were entrusted with protecting and growing instead contract and, as the
company's share price drops, investors lose their money.

That is NOT capitalism.

Today's bailout government is socialism - for the rich.



Related:

Bailout is welfare for the rich