The Socialist Bailout of Wall Street

The massive federal bailout of U.S. financial firms reflects everything that’s wrong with the economic system of welfare and interventionism under which the United States has operated since at least the 1930s. There are critically important lessons in the bailout that the American people ignore at their peril. While most politicians and mainstream pundits are viewing the bailout as a necessary “reform,” it is imperative that we place this “reform” in a much wider and deeper context. In doing so, we need to return to first principles.  Full Story You should read the rest of the article it's pretty good.  I challenges you to think how how much economic liberty we would have if we had: No Welfare, No Immigration controls, No public systems, no Federal Reserve, No welfare, No Social Security.  Oh yeah, and No income tax, cap gains, or estate tax.  Wow...heaven...:) Tags: , , , , , , , , , , ,

It’s not about helping banks. It’s about Helping People

President says, it’s not about helping , it’s about helping people.  He just said it twice while addressing .  I bet that is a headline in the paper tomorrow morning.  Any takers?  I’ve been watching the futures Markets as he’s been talking.  Not much volatility at the moment.  I just hope avoid another Crash on Wall Street tomorrow morning.

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Wall Street banks in 70 billion staff payout 10 percent of Bailout

Financial workers at Wall Street's top banks are to receive pay deals worth more than $70bn (£40bn), a substantial proportion of which is expected to be paid in discretionary bonuses, for their work so far this year - despite plunging the global financial system into its worst crisis since the 1929 stock market crash, the Guardian has learned. Tags: , ,

Bush’s Socialist Bailout Bill Slams Markets Dow Down 733.48

U.S. stocks plunged the most since the crash of 1987, hammered by the biggest drop in retail sales in three years and growing doubt that plans to bail out banks will keep the nation out of a recession. The Standard & Poor's 500 Index plunged 90.31 points, or 9.1 percent, to 907.7. The Dow Jones Industrial Average retreated 733.48, or 7.9 percent. Tags: , , ,