Wednesday, September 24, 2008

Speaking truth to power

US Representative Marcy Kaptur (D-Toledo, OH) manages in 5:35 to sum up everything that stinks about the Republicans’ bailout of Wall Street greed, but also what should happen. I doubt her colleagues were listening.

The supreme irony of the Bush-Cheney bailouts is that it’s socialism. When government nationalises capital, it controls capitalism. The Bush-Cheney regime’s plans for state ownership of these assets rewards the greed of the barons of Wall Street, but offers nothing to the hard working ordinary Americans who will pay for it. It’s a total fraud.