Sunday, January 25, 2009

Tell 'em all, no obscene profits.

So many Americans cringe at the word nationalization. Because we've been brainwashed into thinking that's equivalent to socialism. And socialism is bad. Well, I'm of the mind that American-style capitalism is bad. And that socialism isn't half bad. Not perfect by any means. But better than capitalism. So I'm for nationalizing the nation's banking and lending institutions. And running them for the common good. Not for the good of private bankers. The bankers want to pad their own pockets. They want big salaries and big bonuses. That's the aim of big business. Make money. Lots of money. Obscene profits. The byword is greed. That's why banks are in such dire straits. They took stupid risks. Gambles. In the hope of raking in huge profits. Now they want the government to bail 'em out. Well, that's fine. As long as government gets equity in the banks. Let the government call the shots. Let the government even set the salaries of the bank executives. Let the government set the lending policies. Let the government regulate banks in a manner that's in the best interest of the taxpayers. After all, if the taxpayers are supposed to take the risks, then the taxpayers should be treated as the shareholders. They should reap the dividends if and when the banks become solvent and profitable again. And by the way, let's not stop with nationalizing the banks. We also need universal health care. Yes, socialized medicine. Under a single-payer system. The government. Let's tell the insurance companies the same thing we tell the bankers. You ain't gonna be in the business of making obscene profits anymore. --Jim Broede

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