dagblog - Comments for "Nationalize Now "

Right, government can't run

Marquis de Sea to Shining Sea — Tue, 24 Feb 2009 02:57:27 +0000

Right, government can't run the banks as well as the private sector. I get it. That is why we have the private sector providing fresh clean water for us to drink, monitoring nuclear waste, running passenger trains, building the highways, and... oops...

I am DAMN tired of hearing what government can't do.

Yeah, great blog Deadman. I

Bluesplashy — Tue, 24 Feb 2009 02:53:34 +0000

In reply to Nationalize Now

Yeah, great blog Deadman. I rushed over here to see if you had any thing to say about Obama Fiscal Responsibility Press Conference that I just read the transcript on and you are going away, dang. Oh well. There is another word for the nationalizaton is it receivership? And why do people think nationalization is forever? I heard some kid on NPR saying if they are going to nationalize the banks in this country he was going to move to Turkistan or some such place where there were more opprotunities for entrepeneurs.

If I was a stock holder I'd be rather upset but what do they have to lose now? It is because of occassions like this that made me start screaming when Bush said something about investing Social Security in the stock market.

It should happen. The

DF — Tue, 24 Feb 2009 02:22:21 +0000

In reply to Nationalize Now

It should happen. The sooner, the better. You've done a fine job of explaining away some of the lingering questions about "nationalization". I'm not sure that's the best term, anyhow. It seems to evoke Castro nationalizing the ag resources of Cuba. That's not what this is at all. Furthermore, it's already being done with smaller banks as we speak. It happens all the time and it has nothing to do with the moustachioed spectres of communism.

Of course, if we want to see why it's imperative that we do this, we need look no further than Iceland. Other than a ridiculously over-valued currency, their economic collapse bears a striking resemblance to our situation in a number of ways.