Socialism, difficult to acurrately define. But as we see the term used here on CC it certainly implies a bad form of Government. I think we can all agree on that definition for the sake of THIS discussion.
When you become the major stock holder/investor in a company you get to call the shots. Like GM, the banks or who ever. I don't have a problem with the way the Gov is handling the bailout, specifically for GM, or the banks. I DO reserve judgment on the overall stimulus monies as there are still a lot of dollars left to spend. Perhaps we should STOP, NOW? Perhaps, the economy is well on it's way to recovery all ready and the rest of the TARP money should be halted? I don't know...
I recently sold my house, bought another one, I am totally up to speed on the nightmare it is to get a loan right now.
Obama needs to kick some banking azz!! I'm not talking about sub prime folks here. Solid, long employed, good wage earning folks are being put through a meat grinder to get a loan for a house. If this is anything like a small business has to go through to get a loan right now, what a nightmare!
Once these corp's pay off the loan they can hire whatever CEO and pay whatever bonus' they want. As long as they are using MY tax dollars it better come with strings attached.
...Ernie wanders off and sprinkles a little more corn around the gate...
