The Republican Party Platform of 2008 contains this statement: “We do not support government bailouts of private institutions. Government interference in the markets exacerbates problems in the marketplace and causes the free market to take longer to correct itself.”
This is - to say the least - ironic.
Via Ben Smith of Politico:
http://www.politico.com/blogs/bensmith/0908/McCain_and_the_platform.html?showall
Consider this: the takeover of Fannie and Freddie and the rest of the “bailouts” so far aren’t really bailouts of “private” organizations, but rather subsidiaries of the Federal Reserve.
Isn’t that a bit like saying that Boeing is a subsidiary of the United States Department of Defense? Or that Lenovo is a subsidiary of IBM?
Somewhat, but given all the sweetheart deals that especially Fannie, Freddie and probably “friendly” banks have gotten, I would consider that they’ve “sold out” or were “bought out” by the federal government.
Please note that this is all merely metaphorical and for the purposes of a thought experiment only.
For all intents and purposes, yes. Although I would argue that government is the servant and the various industrial, financial and medical complexes are the masters in the relationship.
STATE…Lick my hairy B****