Krugman on the bailout: Obama's going to screw us with yet more "Lemon Socialism"

[david...@aol.com]

Just in case you thought Obama the Republican-appeasing centrist was
going to bring in new ideas, here’s Paul Krugman’s new column on the
bailout.

“Question: what happens if you lose vast amounts of other people’s
money? Answer: you get a big gift from the federal government — but
the president says some very harsh things about you before forking
over the cash.”

“[Obama’s plans] are shaping up as a classic exercise in ‘lemon
socialism’: taxpayers bear the cost if things go wrong, but
stockholders and executives get the benefits if things go right.”

http://www.nytimes.com/2009/02/02/opinion/02krugman.html?_r=1

-david gable

[George]

Not sure why anyone was expecting any different. The red and blue teams
have done their best to transfer wealth to a select few by carefully
preserving and fostering the capitalist profit/socialist loss system.
The only change that happened in the last month is that there are
different names on the doors in Washington.

[George]

Not sure why anyone was expecting any different. The red and blue teams