Obamanomics and The Zombification of American Business
(11-10-08) The socialization of America has already begun under the Bush Regime — and it will continue under the Obama Regime. Be prepared for the price tag.
The move to bail out the nation’s banks and brokerage firms will soon expand to include a bailout of insurance firms, like AIG, and certain heavy industry firms and probably the carmakers.
Why? Because the Bush-Cheney Regime was compelled to do it to prevent economic collapse. The incoming Obama-Biden Regime will continue to expand this program because it is politically popular with the Democratic Left.
Whether it’s corporate or personal socialization of the US economy, it doesn’t make any difference. Nobody is looking at the cost of doing this, even though it was easy for the Fed and the Treasury to act under the Bush-Cheney Regime, providing support, rescue or bailouts (to whatever you want to call it) for the nation’s banks, investment houses, etc. The Bush-Cheney Regime understood that it was “survival time,” even though the process of socializing the US economy is not a road they wanted to travel down.