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My youngest son's observation.

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screembloodymurder Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-09-08 03:11 PM
Original message
My youngest son's observation.
He asked,
Why are the profitable firms being privatized while unprofitable firms are being socialized? Good question don't you think?
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Fresh_Start Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-09-08 03:16 PM
Response to Original message
1. astute question
maybe he should write a LTTE about it.
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phantom power Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-09-08 03:43 PM
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2. Why, indeed?
Have you explained the golden rule to your son?

That is, the version which goes "Them that has the gold, makes the rules."
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alterfurz Donating Member (723 posts) Send PM | Profile | Ignore Tue Sep-09-08 03:54 PM
Response to Original message
3. in a nutshell, from Noam Chomsky
American Capitalism's motto: "Private Profit, Public Subsidy"
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screembloodymurder Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-09-08 04:09 PM
Response to Reply #3
4. Subsidies for the rich and famous,
liabilities for the taxpayers. What a sham. How come those that took the risk get protected and we end up paying the price? I'm sick of this shit. I say one more day of this administration is one too many. Look who they put in charge of FNM & FRE. Their friends.
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lostnotforgotten Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-09-08 09:19 PM
Response to Original message
5. If Rich People Are Taxed Too Much And Poor People Are Taxed Too Little
Edited on Tue Sep-09-08 09:20 PM by lostnotforgotten
Why are the uber wealthy still getting richer?
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anigbrowl Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 08:57 PM
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6. Becuase investors are not going to buy a losing proposition
and because governments have traditionally been insurers of last resort. though not always; Lehman is being allowed to go bankrupt rather than being bailed out. I suspect Merrill was threatened with the same fate, but it's a more desirable acquisition.
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upi402 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 09:09 PM
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7. the young one will be very uncomfortable here in Republica
hell, my stepson works at McDonalds, shops at WalMart, and has medical issues w/o insurance. and he LOVES the bushler. he doesn't try to explain to me why chickens should support their fearless Colonel Sanders anymore. he's uncomfortable with my crazy liberal facts and truth.
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