Wednesday, July 16, 2008

Capitalistic socialism....

Here's a little addendum to our previous post, that I heard today on NPR -
Apparently, I am not the only one who thinks that the plan to "bail out" Fannie Mae and Freddie Mac amounts to socialized capitalism. In fact, I strangely find myself on the side of the more conservative Republicans. Gulp!
The often-outspoken Sen. Jim Bunning (R-Ky.) railed against the plan during a hearing before the Senate Banking Committee. "When I picked up my newspaper yesterday, I thought I woke up in France. But, no, it turned out it was socialism here in the United States and very -- going well," he said, raising his voice. "The Treasury secretary is now asking for a blank check to buy as much Fannie and Freddie debt, or equity, as he wants."(Wash Post)
Phew! Imagine the nightmare: waking up in France..... !!!


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