Quote Originally Posted by markw
Deal with it. I called it as I see it. You asked for it, you got it.

Bullshiite. Your post was a cute little one-liner designed to trash the previous administration. At least be man enough to admit it.
No it was not a cute little one-liner designed to trash the previous administration it was stating a fact. In the Summer and Fall of 2008 the sitting Treasury Secretary of a GOP administration called in the heads of the major banks and together with the Fed Chairman and others came up with the TARP program;

"On October 14, 2008, Secretary of the Treasury Paulson and President Bush separately announced revisions in the TARP program. The Treasury announced their intention to buy senior preferred stock and warrants in the nine largest American banks."

"On December 19, 2008, President Bush used his executive authority to declare that TARP funds may be spent on any program he personally deems necessary to avert the financial crisis, and declared Section 102 to be nonbinding. This has allowed President Bush to extend the use of TARP funds to support the auto industry, a move supported by the United Auto Workers."

I don't seem to recall people running around screaming socialism when a GOP president was doing this.

These moves were supported on a largely bi-partisan basis because members of both parties saw the need to do so and wrongly or rightly acted together to pass legislation that protected Wall St under the guise of helping Joe Six-Pack. When it comes to Health Care some of these same politicians are screaming socialism and wasteful spending. This to me is total hypocrisy and their (and apparently your) approach to health care "reform" is to use it as a policy device to promote a politics as usual agenda-lower taxes-tort reform etc. It is no different than what the Dems did during the recovery spending bills when they loaded it with pork for most of their traditional causes.

The very thing you complain about with the bank bailout is exacty what in many ways is going on in Health Care. Private Health Care companies rake in huge profits taking in premiums of the avergae American. When it becomes too costly to do so they raise premiums or deny coverage which eventually leads to that same average American's health care eventually being subsidized by the taxpayer in the form of Medicaid/Medicare payments. So can't the following quote about the banking system also apply to the current health care system?

" This is essentially privatized profits and socialized losses. Is this any way to run a country?"