ltlee1
1/3/2009 2:37:00 PM
On Dec 29 2008, 10:32 pm, baldeagle <botakea...@yahoo.com.sg> wrote:
> On Dec 30, 11:06 am, rst0wxyz <rst0w...@yahoo.com> wrote:
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> > On Dec 29, 5:45 pm, ltlee1 <ltl...@hotmail.com> wrote:
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> > > On Dec 28, 2:58 am, baldeagle <botakea...@yahoo.com.sg> wrote:
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> > > > On Dec 27, 1:27 am, rst0wxyz <rst0w...@yahoo.com> wrote:
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> > > > > On Dec 26, 1:47 am, Dragon <dra...@newyork.com> wrote:
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> > > > > > On Dec 25, 2:36 pm, rst0wxyz <rst0w...@yahoo.com> wrote:
> > > > > > > On Dec 25, 1:54 pm, Dragon <dra...@newyork.com> wrote:
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> > > > > > The nationalizing of a few large troubled companies does not a
> > > > > > socialist country make. I have studied, lived and worked in the USA
> > > > > > for 7 years now, and I get to socialize with Americans from different
> > > > > > walks of life. Socialism is still a dirty word in the USA,
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> > > > > Those are the very people that depends on "social security benefits"
> > > > > to live, benefits paid by todays workers for today's retirees. Many
> > > > > people also depends on social wellfare and unemployment benefits,
> > > > > medicare and medicaid paid by the states and federal government.
> > > > > Also, many retirees got pension plans from large corporations and
> > > > > government agencies.
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> > > > > All these and many more are socialist ideas.
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> > > > > America is getting more and more socialist while China is getting more
> > > > > and more capitalist. Both we meet in the middle.
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> > > > When the US economic systems failed,.... banks, insurance,
> > > > large corporations will go bankrupt...if the government failed
> > > > to step in ... The US government has no choice but to
> > > > bail them out, ... take over ..and not let them fail... Bankruptcy
> > > > or failure is not an option...it is unthinkable.
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> > > > Socialism is therefore not a choice ..when only socialist
> > > > measures can save the US economy. It is an irony.
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> > > > Is it wrong to adopt socialist measure to save the US
> > > > economy ? Will it mean that capitalism is dying in the
> > > > USA....to be replaced by socialism? Certainly not.
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> > > > The socialist measures adopted by the USA are NOT
> > > > sure to work its magic. The US economic woes are
> > > > far from over. The worst has yet to come.
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> > > > The failure of socialism was, as experienced by socialist
> > > > countries like China, ....it made the whole country
> > > > bankrupt.
> > > > The wealth of the country is wasted on socialist handout...
> > > > without creating wealth.
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> > > > The USA is in great danger of wasting its wealth on
> > > > handouts. Handouts to the banks, insurance company
> > > > and auto makers are NOT creating wealth.- Hide quoted text -
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> > > > - Show quoted text -
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> > > No. Capitalism is winning. But it is a new kind of capitalism.
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> > For the U.S., this new kind of capitalism is called socialist
> > capitalism.
> > For China, it is called capitalist socialism.
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> In Thai English...it is called "same same"
A certain congress women had wondering aloud how come the 700 billion
dollar bail out package did not come with any string for the banks to
increase lending to would be borrowers like a similar bail out plan.
Of course the difference reflects the different negotiation position
of the banking groups. Nevertheless, it is clear the targets of the
bail out are not average citizens, but capitalists. Not only American
capitalists, but all capitalist who have invested in American debts.
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