Congress Brings Socialism To America With This Proposed Law

Posted by Solver 12 years, 1 month ago to Politics
15 comments | Share | Flag

"...
Their latest brainchild is to set up a new government bank, stuff it full of taxpayer funds, and loan the money to American workers for the exclusive purpose to help them form collectives and buy the companies they work for.

It’s called the United States Employee Ownership Bank Act.
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All Comments

  • Posted by Solver 12 years, 1 month ago in reply to this comment.
    As history has showed, with enough back-room deals, just about anything can get passed.
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  • Posted by Solver 12 years, 1 month ago in reply to this comment.
    Then there is this new Bitcoin making waves.
    But I'll choose the really shiny yellow stuff. :)
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  • Posted by $ jbrenner 12 years, 1 month ago in reply to this comment.
    The Fabian socialists learned their lesson from post WW1 Germany and now have both a wolf-in-sheep's clothing and a turtle (for gradualism) as symbols.
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  • Posted by Solver 12 years, 1 month ago in reply to this comment.
    Why don't they just quit the baby stepping pretense and take over the economy for the great good. They did this in Germany and things just exploded.
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  • Posted by $ jbrenner 12 years, 1 month ago in reply to this comment.
    Fannie Mae and Ginnie Mae are what you are remembering. They were Obama's biggest supporters financially when he was a senator. They supported him third by Chris Dodd and Barney Frank.
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  • Posted by Snoogoo 12 years, 1 month ago
    Didn't this kind of happen in another format to some extent with the government-backed mortgage business? I never understood how it was constitutional for the government to get involved in home loans, but that's just crazy me.
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  • Posted by $ KahnQuest 12 years, 1 month ago
    Oh, this will work greeeaaaat. Because people who consistently rely on others for their financial "security" definitely have what it takes to run a business. /sarc
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  • Posted by $ jbrenner 12 years, 1 month ago
    That a banking act would be loaded with socialism is no surprise. As is described eloquently (but not briefly) with many historical examples in The Creature from Jekyll Island, the goal of the bankers is to make everyone worldwide subservient to them by putting them permanently into debt.
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  • Posted by Snoogoo 12 years, 1 month ago
    Why not? Our currency is worth about as much as a wisp fart anyway. The only problem is that when everything fails due to this crap, you know who they will be coming to for help.
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  • Posted by ObjectiveAnalyst 12 years, 1 month ago
    "The main characteristic of socialism (and of communism) is public ownership of the means of production, and, therefore, the abolition of private property. The right to property is the right of use and disposal." Capitalism: The Unknown Ideal
    This is just one more collectivist pipe dream destined for failure. It will end like the Twentieth Century Motor company.
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  • Posted by eddieh 12 years, 1 month ago in reply to this comment.
    We really need to get back to using gold,silver or some other material. Eliminate banks altogether
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  • Posted by Solver 12 years, 1 month ago
    How about instead, have a law that separates government force and economics.
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