Prickly City by Scott Stantis for June 18, 2009
June 17, 2009
June 19, 2009
Transcript:
Winslow: we own GM. Carmen: yes. Winslow: and Chrysler? Carmen: uh-huh. Winslow: and a bunch of banks? Carmen: that's correct. Winslow: are we France yet? Carmen: somewhere Milton Friedman is sobbing...
pschearer Premium Member almost 15 years ago
But no, we’re not moving toward socialism. Nope. Not at all. That’s Obama’s story and he’s sticking with it.
Potrzebie almost 15 years ago
I’m confused, two names stand out during current times: Friedman and Keynes. So I guess Friedman is favored by the pubs?
ianrey almost 15 years ago
In other news, the banks are beginning to pay back the TARP funds, about $68 billion so far, plus 4% interest. So, the bailout helped keep the banks solvent, the government investment made a multi-billion dollar profit, and we don’t “own” any of the banks. Somewhere Milton Friedman is getting pwned.
McGehee almost 15 years ago
The banks have been wanting to pay back the TARP funds for months, and have only now received permission to repay. They were forced to take the money and forced to carry the debt against their will.
No, we don’t “own” the banks we only use government power to force them to do our bidding. And no, pschearer, that’s not socialism – it’s fascism.
jmworacle almost 15 years ago
There is a rumor that the monies that the banks have borrwed won’t be going to the treasury but to re-applied for other uses. I don;t have a confirmed scource and I have some reservations regarding this post.