Quote:
Originally Posted by kendo65
You people like to throw that 'Socialist' label around a lot. It seems to be a blanket term of abuse for anything you don't particularly like, because it doesn't have much to do with any definition of socialism that I've read.
If you described Ireland (and specifically the Fianna Fail government and their policies) as socialist most people would find it hard to stop laughing. The Irish screwup was caused by the banks having to be bailed out and rescued by the (boo hiss! BAD!!!) government/state after fueling a housing boom that subsequently crashed.
Similar situation in Spain afaik.
And to describe the US Democrats as socialist is such a joke ...it really is.
The banks caused the mess in the US too, and if they hadn't had the big bad state to bail them out you people would be in a much worse situation than you already are.
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You blame the banks. I blame the borrower. There seems to be no personal responsibility anymore. This is the bigger joke. The democrats purposely worked the banking system ala GSE fannie mae/freddie mac to gain votes from the middle and lower classes. Everyone with half a brain knows this. The republicans are to blame in that they allowed it to continue. It is a socialist agenda when it comes to housing in usa. Exhibit A, the deduction of mortgage interest on the tax return. But ultimately, it is because the sub-prime borrowers welched on their obligations. It was all about the democrats selling the so called american dream of owning a home to their constituency. If you go on youtube, there is a good video somewhere pre-crisis of republicans trying to stop it, and barney frank throwing his power around to stop him. Barney Frank has since admitted it didn't work out as the thought. Really, the man should be in jail along with a lot of other people on both sides.
edit:
I should add, "the state" didn't bailout the banks in usa. the taxpayer did. Most people don't even pay income tax here. So, ultimately, it was wealth transfer scheme from the taxpayers to the deadbeats and massive collateral damage economically as side effect.