tag:blogger.com,1999:blog-28034618.post8699802813102710037..comments2024-03-15T11:54:32.448-05:00Comments on THE CUP OF JOE: Socialized CapitalismJoey Phttp://www.blogger.com/profile/00840960618405398671noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-28034618.post-67596107680818415362008-09-22T14:13:00.000-05:002008-09-22T14:13:00.000-05:00If it were socialised capitalism, the money would ...If it <I>were</I> socialised capitalism, the money would be going to the people, not to big businesses such as banks, insurance companies and of course the weapons manufacturers...M. Knoesterhttps://www.blogger.com/profile/17133347011461421224noreply@blogger.comtag:blogger.com,1999:blog-28034618.post-51745322303196819532008-09-22T09:57:00.000-05:002008-09-22T09:57:00.000-05:00In the end, as you pointed out, this probably was ...In the end, as you pointed out, this probably was the right thing to do. I think that we had arrived at the point where there were very few reasonable options with a few of these companies. And the impact could really have been accumulative, if not stopped.<BR/><BR/>However, it really does accentuate to me that trickle down economics only appears to trickle down when there is a deficit...not when there are profits to be shared.<BR/><BR/>Looking back at the New Deal policies...the plan was not to just give corporations the incentives, but provide the average American the opportunity to work and contribute. Many projects that fell under the WPA were not directly necessary except for the simple fact that they provided workers with an income to build the economy from the bottom up...a much more sound base to build upon than a top-heavy system where coporations, set their sights firmly set on profits, are the basis. So far, we have not seen the investment in workers...only business. So, the <BR/>"Socialism" somehow seems forced in that regard. <BR/><BR/>Gussy it up all you want...they are just government bailouts. Necesary? Perhaps....but still just bailouts. And bailouts only help for the short term. No lasting impact, until the system is fixed.<BR/><BR/>Bobby M.Anonymousnoreply@blogger.com