Bush administration turns socialist…

(Copyright 2008)

The WALTHER REPORT

By Tony Walther

Do you know where your money is? Under your mattress might be as good a place as any.

I didn’t make this line up, but I guess what we have nowadays in the financial markets is “private profits and socialized losses” ( I have used that quotation before, but how true with all of these bailouts). But, actually we now are going into the socialist, communist, or third world model of nationalizing companies (Fannie Mae, Freddie Mac, AIG). And this on the Republican watch – strange indeed.

So has the Republican Bush administration turned socialist? Are the so-called conservatives who shun government control and intrusion now running to the head of the welfare line? Yes, to a degree, and yes.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: