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Forum > Europe East A Leagues > Europe East A #5 > Pretty good read on Bailout
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jaimevick
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They used to have a term for that, I think it's called Lemon Socialism.
 
FlatheadCat
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...soon to be 'replaced with Bam Bam Socialism?
 
jaimevick
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haha, there is always a battle to fight.
 
JerryRice
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http://goallineblitz.com/game/forum_thread_list.pl?forum_id=3835
 
oauitam
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This thread seems to be about economics in the USA at the moment. I was born and educated in the UK so my knowledge of US history is obviously lacking, please bear with me.

You get good and bad people in all walks of life, but if you consider the worst case scenario;
I would have thought that people would put more faith in
a guy whose selfish goal was the win their vote in 4 years time (like a politician)
than a guy whose selfish goal is to take as much of their money as they can (like a businessman).

Was there some significant past event in US history that seems to make so many people so scared of government regulation?

Sorry to butt in - trying to educate myself
 
FlatheadCat
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Originally posted by
Was there some significant past event in US history that seems to make so many people so scared of government regulation?


Uhh, ya, you could say that........read up on the American revolution
http://en.wikipedia.org/wiki/American_revolution

But this is going beyond mere regulation.....it's turning in to flat-out control.
Last edited Mar 22, 2009 10:54:29
 
FlatheadCat
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Originally posted by JerryRice
http://goallineblitz.com/game/forum_thread_list.pl?forum_id=3835


Go back to dominating teams
 
jaimevick
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Athens is going down, they better get Obama on the phone so they can get a bailout.
 
oauitam
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Hehe, that's one of the few bits of US history I do know a little about. I thought most of the problem there was being ruled by someone else's government and not getting to vote for them. Precisely what the situation now thankfully isn't! Hence my confusion.
 
FlatheadCat
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Taxation without representation? Obama and his administration are about to hit us up with tax increases, in one form or another, and they're using our money to meddle in the free market and private companies, bail them out, gain control and then dictate how we live.

It's growing increasingly oppressive and not representative of the people.
 
FlatheadCat
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Originally posted by jaimevick
Athens is going down, they better get Obama on the phone so they can get a bailout.


Haha, I could use flex points to improve my team. I wonder if I could get a general collection of monies from all of the GLB community so that I can compete and not crash?

 
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My major in college is finance zeke so everything I do is about the markets/insurance/bailout. Griffin is exactly right with his post on the last page so I dont need rehash what he has already said. Like griffin said, I myself am all about free markets but the fact is you just cant let something fail that could send us into a depression for 10 years.
 
jaimevick
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Oooh Oooh, let me try.....

Let's say the U.S. Government and these huge corporations are all part of a royal family. They make the laws, they make economic policy, and they are also in charge of enforcing and regulating both. Well, if the prince of the house of wall street(businessman) made a huge mistake with an investment stategy, and couldn't cover the losses, he would contact the King of wall street, the king of wall street, knowing that he didn't have the money in the coffers to pay for the losses, would contact his first cousin who happens to be the Duke of the treasury, now the Duke of the Treasury (government official) wants to help, but he doesn't have enough money, he decides to tax the peasants and indentured servants of the land telling them that he needs the money and if he doesn't get it, there will be a serious situation. People will lose their houses and land. The money is sent without delay. Time goes by, and people are losing their houses and land. The Duke of the Treasury comes back to the people and say, we need more money to correct the problem. And again he comes back, and asks the same. The people send the money without delay. A little time passes, and still people are losing their houses and land, small businesses can't stay open because their is no available money to pay their employees and rents. The people grow angry. Well, of course the Duke doesn't want to tell the truth, but he must. He tells the citizens that the King of wall street was robbed by 3 asian men, and all of the money was lost for all time, s we needed the money so more people wouldn't lose their homes, their jobs, and would be able to live their usual way of life.

man, that is probably messed up in so many ways, but I'm not erasing it. I might write a Harry Potter type book.

Let me try this again.....

Let's say the royal family is in a true monarchy. Controlling legislation, economics, the whole works. They set the rules, they enforce the rules, and when they need money they tax the citizens.

Consider our politicians and large corporations the U.S. Royalty.
 
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I dont disagree with a thing you just said jaimevick but it doesnt change the fact that you cant let something like AIG fail.
 
oauitam
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I think you might have stumbled onto a better explanation of the source of my historical question.
Isn't the whole point about politicians that you get to vote them in and out?
And the whole worry with royalty (and corporations) is that you don't?
Last edited Mar 22, 2009 11:36:35
 
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