Yandere Schoolgirls wrote:Vetalia wrote:
Mandating the purchase of health insurance from private businesses isn't socialism...state capitalism, maybe, or corporatism. That's a whole lot worse than socialism.
Bailing out GM was socialist in the sense that the government directly owned an interest in the company, I will agree, as one of the key components of socialism is the government owning the means of production. However, it was a necessary evil because the industry as it existed at the time literally could not survive the collapse of GM; the entire supply chain was so reliant upon GM and the other major manufacturers that the failure of one would collapse the others in short order. It was an unprecedented state of affairs, although I do believe there should have been more effort to restructure the industry to prevent recurrence and the need for additional bailouts.
Obama's student loan program, ironically enough, does a lot to restore market mechanisms in the field...previously, private lenders received a guarantee from the government for their loans (not unlike, say, Fannie and Freddie) which encouraged them to lend out as much as they could and charge as much as they could, with colleges and universities complicit in the scam to jack up tuition and fees because they were getting paid with guaranteed money.
Not sure what TAFT is, probably not familiar with the acronym.
Sorry, I meant TARP.
Also, Obama pushed for a public insurance option, but it never went through.
Which would have made it a far better bill... if it had made it.
Sad to say, it was killed.






