RE: Smut for Smut
March 31, 2010 at 12:29 pm
(This post was last modified: March 31, 2010 at 12:32 pm by tavarish.)
(March 30, 2010 at 9:02 pm)Pippy Wrote: If America is not Fascist, what is it? A Democracy? Hardly. A Republic? Not anymore.
Provide evidence for this.
(March 30, 2010 at 9:02 pm)Pippy Wrote: "Fascism should more properly be called corporatism because it is the merger of state and corporate power." - Benito Mussolini.
It is an old, over used quote, but we think that Benito understood the concept.
What a political leader thinks fascism should be called is irrelevant, as it has nothing to do with this issue and doesn't portray the actual definition of fascism, which is:
a political philosophy, movement, or regime (as that of the Fascisti) that exalts nation and often race above the individual and that stands for a centralized autocratic government headed by a dictatorial leader, severe economic and social regimentation, and forcible suppression of opposition
http://www.merriam-webster.com/dictionary/fascism
(March 30, 2010 at 9:02 pm)Pippy Wrote: We bailed out the banks that were "too big to fail" after they got greedy and made a ton of speculative trades. So we were worried that the banks might not have the money we put into them, so we had to guarantee that money (that we gave to them) with more of our own money.
It really isn't as cut and dry as that. A LOT of people fucked up, not only the banks, just like choice individuals cashed out and left before the market tanked. The bailout had a rate of success, as its primary function was to retain jobs and try to cut unemployment. the giant fuck up, in my opinion, was the transparency used in the distribution of funds.
(March 30, 2010 at 9:02 pm)Pippy Wrote: Think about the duplicity of that. With the bailout, in the best case, we were paying ourselves our bank balances out of our tax revenue. But that is not what happened, since the banksters instead made more speculative trades, and gave away record breaking bonuses, since the year was so financially successful.
Again, not so cut and dry. It wasn't very well implemented, I do agree with that, but how would this make America a fascist state?
(March 30, 2010 at 9:02 pm)Pippy Wrote: Tricked, coerced, and threatened into guaranteeing your own bank balance. Paying them to make sure they still have the money you already paid them and they lost.
Not so fast there. One of the main reasons for the bailout and stimulus packages was to retain the unemployment rate and prevent it from increasing, in addition to paying for toxic loans that mortgage companies took in as the housing bubble grew, and eventually burst. They lost money not because people paid them, but because people couldn't pay them. Th fault, although largely on the banks in my opinion, was not solely on the banks.
This still doesn't illustrate how America is a fascist state.
(March 30, 2010 at 9:02 pm)Pippy Wrote: Show me where the American Feds begin and WalMart and Wall Street end.
You do realize the Federal Reserve is privately owned, right? So is Wal-Mart and "Wall Street"?
How does this make your point for you?