Now everyone is a socialist

On one hand, we have a coterie of financial elites serving themselves with the bailout package. Why ? To reward the captains of incompetency ? On the other hand, we have the welfare state robinhoods calling for disbursing free checks to americans families. Why ? To sit on their azzes, with a bad of chips and soda and watch Desperate housewives ?. Ayn Rand would have called both the sides looters. Now everyone is a socialist. It's a real pity !. Where have all the capitalists gone ?

who is john Gault??

Dude, I don't know what to tell you. The capitalism you want at this point means a complete anarchy! Don't ask for more destruction, you might get it. There is a difference between letting the free enterprise prosper or fall and a nation collapse. These are historic events, that usually end with historic changes, probably this is one of them...

Dude, I don't know what to tell you. The capitalism you want at this point means a complete anarchy! Don't ask for more destruction, you might get it. There is a difference between letting the free enterprise prosper or fall and a nation collapse. These are historic events, that usually end with historic changes, probably this is one of them...

This market is going down regardless of what the government does. That $700Billion is toast.

Who is John Galt indeed?

IT

I just can't help but feel that Gault's Gulch would eventually decay into a co-dependent society where people gain feelings of superiority and self worth by "caring" for those they view as less fortunate.

Dude, I don't know what to tell you. The capitalism you want at this point means a complete anarchy! Don't ask for more destruction, you might get it. There is a difference between letting the free enterprise prosper or fall and a nation collapse. These are historic events, that usually end with historic changes, probably this is one of them...

You guys are hilarious, if i have to put it bluntly. On one hand you people keep drumming the message that bailouts are gonna fail and it's no use putting the bandage. In the same breadth you come and tell me that without the bailout package, this nation is gonna fail and slip into anarchy ? Says who ? How do you know that ?

If without the bailout package, we slip into anarchy, then you have at at least saved the instituition of capitalism. If your bailout package fails and you slip into anarchy, then you have both failed on the bailout front and the capitalist ideals. Now Buffet comes and tells us that we are on the verge of the worst finanical disaster in history and the sheep beleives him. Did buffet tell us about this while the orgy of real estate buying was going on 2 years back ?. Buffet cries. The media echoes him. The crowd follows them. No one, absolutely no one knows at this stage of the game how all this is gonna pan out, bailout or not. Hell, we have not even slipped into a recession, forget about a depression. It's all about the maintaining the status quo of the lifestyles of the elites.

If the market rallies from here, are you gonna tell me that the bailout package was an historic event and saved this nation ? Pleeeeease.

Dude, I don't know what to tell you. The capitalism you want at this point means a complete anarchy! Don't ask for more destruction, you might get it. There is a difference between letting the free enterprise prosper or fall and a nation collapse. These are historic events, that usually end with historic changes, probably this is one of them...

This market is going down regardless of what the government does. That $700Billion is toast.

Who is John Galt indeed?

IT

I will take the otherside. This market will rally whether the bailout package gets implemented or not, whether it suceeds or fails. This rally has got nothing to do with the bailout package. We had the panic and washout, which is the real reason we rally.

Edited by NAV, 28 September 2008 - 11:13 PM.

Suggested Viewing for increased understanding of present reality...

http://market-ticker.denninger.net/archive...ERICA!.html

If making as much money as you can is the goal, "The Captains of Incompentency" were not incompetent at all. Most are all gone now. They've already jumped out of their Kamakazi of Kapitalism ripcording their golden parachutes somewhere over the Cayman Islands. This money is to "save" the shell of a system left behind in their wake. It's way too much way too late.

Edited by milbank, 28 September 2008 - 11:48 PM.

Dude, I don't know what to tell you. The capitalism you want at this point means a complete anarchy! Don't ask for more destruction, you might get it. There is a difference between letting the free enterprise prosper or fall and a nation collapse. These are historic events, that usually end with historic changes, probably this is one of them...

This market is going down regardless of what the government does. That $700Billion is toast.

Who is John Galt indeed?

IT

I will take the otherside. This market will rally whether the bailout package gets implemented or not, whether it suceeds or fails. This rally has got nothing to do with the bailout package. We had the panic and washout, which is the real reason we rally.

If only it were a bull market, that logic would work. But it's not. It's that context thingy again.... D