Saturday, Sep 27, 2008
it has hit the biggest fan in the world...
CNN: Senate passes $634B spending bill
Automakers gained $25 billion in taxpayer-subsidized loans and oil companies won elimination of a long-standing ban on drilling off the Atlantic and Pacific coasts as the Senate passed a sprawling spending bill Saturday.
The 78-12 vote sent the $634 billion measure to President Bush, who was expected to sign it even though it spends more money and contains more pet projects than he would have liked.
Posted by mark @ 09:33 PM (429 views) Add Comment
6 Comments
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1. mark said...
now i wonder if they will pass the 700B bailout aswell......
2. Stevie Dee said...
Okay guys and gals. I have been fortunate to read this market.. well I have.. and I'm sure others have benefited from HPC. Now as we are a caring & constructive bunch. Can I suggest HPC, give us a forum to give advice for all kinds of tips to save money, assist & warn or even help. Instead of reactive, us being proactive.. just a suggestion.. but there are some intelligent minds out there on HPC and we all have a duty. I believe HPC are obligated to this, as we are more fortunate than others to understand the market.
3. sneaker said...
This ceases to be astonishing when you learn that the founder of Neoconservatism is actually a TROTSKYITE.
http://en.wikipedia.org/wiki/Irving_Kristol#Background
The Bush administration is actually doing the work of the Left!
Remember, that Soviet-style Communism was actually Leninism and Stalinism. The Trotskyites escaped to Europe and America and seemingly still alive; their doctrine of "Permanent Revolution" has become "Permanent War", as in the War on Terror. Recall also that Marx claimed that in order for a worldwide socialism to emerge, unfettered capitalism was necessary and must then fail. Its failure would be the reason that people then embrace collectivism. That is exactly what is happening now: the nationalisation of the capitalist system is collectivisation.
And when you see this 1982 interview with Norman Dodd, a lot of other things start to click:
http://uk.youtube.com/watch?v=RdvAmpgvcUE
4. Whostolemyendowment said...
Behind the scenes deal making to buy off the US politicians and lobbyists who are against or sitting on the fence of the bank bail out?
5. Whostolemyendowment said...
See this:
www.nytimes.com/2008/09/28/business/28bailout.html?_r=2&ref=business&oref=slogin&oref=slogin
6. Shaker said...
I can't understand how you can see the current American government being communist :)
Which part of the communist manifesto goes on about permenant wars on terror
The only thing that you could possibly believe to be communist is the current nationalisations..... but the banks they've taken are worthless (and will actually cost the people money) and have only been bought to stop the economy from detonating
Infact they are also trying to keep house prices high (as you should know). Forcing the poor to rent which is completely against the principles of communism (making people more equal and breaking down class divides)
I know there are problems with communism, and its been poorly implemented in the past, but I just think people should really figure out what it is before blaming all of lifes problems on on it, if anything this crisis has been caused by the bubbles associated with the free market economy :D