FYI: A Conservatives Example of Free Market is

Filed in National by on March 19, 2009

A conservative Free Market is when a company that is too big to fail, fails and gets a quarter of a trillion TAX-PAYER DOLLARS to prevent it from collapsing the ENTIRE GLOBAL ECONOMY.

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  1. Unstable Isotope says:
    March 19, 2009 at 9:42 pm

    That’s about right.

    I hope everyone remembers that some of the Republicans crying about the AIG bonuses, opposed any limits on executive compensation just two weeks ago. They called it “socialism.”

  2. jason330 says:
    March 19, 2009 at 10:20 pm

    Too big to fail means too big to exist. We need some anti-trust enforcement.

  3. Brian Shields says:
    March 19, 2009 at 10:50 pm

    Why can’t the government forcibly break up companies that are too big to fail?

    isn’t that some sort of monopoly?

  4. Not Brian says:
    March 19, 2009 at 11:24 pm

    Hmmm…. yeah, the Dems had nothing to do with this…

    DV – Didn’t you just pretty much sum up what Obama and his people think of the whole thing (whith some cute rhetoric to try to polish the turd of course)?

    And who exactly was the Democrat out there taking a tough positions against the industry before it all went to shit? Dodd? Frank? Because I did not see any of them do a thing except accept contributions from banks and GSEs and enjoy the party while it lasted.

    I am all OK with bashing Repubs… but the intellectual food fight style gets old though DV. What the fuck did any Democrat do to stop any of this before 2007 when the writing was on the wall?

    Obama’s pick for Treasury was the Gov of the New York Fed when AIG went down… good move distancing himself from that awful decision by appointing one of the guys who made it to the top financial post he had to fill.

    Obama’s change is looking more and more like the same old same old…

  5. donviti says:
    March 20, 2009 at 6:52 am

    NB,

    I may have, but the Dems aren’t the ones touting free market beliefs

  6. Dorian Gray says:
    March 20, 2009 at 7:35 am

    I think we kind of need to get over this at some point. The faux outrage is getting very tired. Look, we all looked the other way for years as these firms did their dirty business because our homes were “worth” so much and our 401(k)s were artificially bloated. We loved it… WE ALL LOVED IT!! We were having fucking wine and cheese parties and buying fancy imported automobiles!!

    It is very aggravating, I don’t disagree. But as time passes I see this whole thing more clearly.

    Stop setting D versus R and conserv versus lib on this. It’s just getting very old and it isn’t helping. “Played out” is the ’90s term I think

  7. Not Brian says:
    March 20, 2009 at 7:41 am

    Really DV? Maybe not you guys in the Blog-O-Sphere, but I have my doubts anyone elected outside of Vermont is looking to label themselves a socialist.

    I believe in a free market. ‘Free’ is not compatible with regulation (or abolition of it) going to the highest bidder and where that bidder finds it convenient. Both parties are engaged in crony capitalism. They are all filth. Why you got to cheer on a bunch of scumbags while they are being scumbags?

    I can understand getting excited about torture being banned or legal opinions about the insignificance of the first amendment being repudiated (though I find it funny as an US citizen that we would need to thank anyone or be excited about that) – but we should all be so fucking angry – and not at one side of the other – at all of them.

  8. Dorian Gray says:
    March 20, 2009 at 8:03 am

    The problem, NB, is that although you are spot on about culpability for ALL politicos and ALL bankers… what you seem to be missing is US. You and DV and I… see #6… This is a false and tired argument. It is indeed all of THEM… but also all of US… This is scapegoat theatre…

  9. Rebecca says:
    March 20, 2009 at 8:19 am

    Ya’ll might like to read . . .

    http://www.washingtonpost.com/wp-dyn/content/article/2009/03/19/AR2009031903607.html?hpid=topnews

  10. Dorian Gray says:
    March 20, 2009 at 8:25 am

    Or, if you’re going to be upset, direct your anger properly. Read the new Taibbi in Rolling Stone. As usual, it is a MUST read.

    http://www.rollingstone.com/politics/story/26793903/the_big_takeover/print

  11. Not Brian says:
    March 20, 2009 at 9:28 am

    The WaPo article is rubbish.
    The scam is not the outrage, it is the systematic theft being perpetrated in the bailout…

    Taibbi is following the $$$$… Good article.

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