Posted by Dave on 09/17/08 at 11:11:17 am
Categories: Economy

One of the attacks that the Right loves to use against Barack Obama is that he is a socialist, or at least that he has socialist policies.

Yet, interestingly, you hear little commentary about the socialist policies of nationalizing the financial industries. While the federal government is not completely taking over the financial industry, they are spending billions and billions of dollars in order to subsidize, and in some cases take over, the industry.

The conservatives in this country have no problem with subsidies and welfare payments, as long as those subsidies and payments go to large companies rather than poor people.

Do people realize that the CEOs of Fannie and Freddie got several million dollar severance packages? The CEOs led the two largest mortgage companies into failure, yet were rewarded, by the federal government, a combined 23 million dollars (source).

Why is that conservatives are silent on this? Why is that that they will be the first to talk about the poor being dependent on the government while the rich take millions from the same government for blatantly failing?

And why is that Barack Obama gets branded a socialist for wanting a more equitable tax system and a way for all to be able to access health care, yet the Republican Party continues to hand out money to the rich and move torwards nationalizing the financial industry?

Why is that this country's priorities are so very wrong?

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