It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
So, let's review a little history:
The day the Bush administration took over from President Bill Clinton in 2001, America enjoyed a $236 billion budget surplus -- with a projected 10-year surplus of $5.6 trillion. When the Bush administration left office, it handed President Obama a $1.3 trillion deficit -- and projected shortfalls of $8 trillion for the next decade. During eight years in office, the Bush administration passed two major tax cuts skewed to the wealthiest Americans, enacted a costly Medicare prescription-drug benefit and waged two wars, without paying for any of it.
This crap isn't Socialism this is Corporatism
A genuine socialist government would nationalise the major banks and finance houses as a key to controlling the economy. This would be the only way to avoid the catastrophic effects of a meltdown of the finance sector. To be effective, bank nationalisation would have to be carried out in conjunction with the nationalisation of the commanding heights of the economy, the major manufacturing monopolies, construction companies and transportation. Compensation would be paid to small investors on the basis of proven need. Nationalised companies would not be run by City financiers and big-business directors, but by democratically elected boards of management, with democratic workers’ control. Then it would be possible to develop democratic, socialist planning of production in order to meet the needs of the overwhelming majority of society.