Gov. Palin holds rally in Noblesville, MSNBC, Fri., Oct. 17, 2008
socialism |ˈsō sh əˌlizəm|
1. a political theory advocating state ownership of industry
Regulators give banks until mid-November to apply for stock sale to Treasury
WASHINGTON (Thomson Financial) - US banks will have until the middle of next month to apply for the right to participate in the Treasury Department's new capital purchase program, under which banks will sell billions of dollars worth of preferred stock to Treasury in return for much-needed liquidity, according to guidelines released today by key financial regulators.Forbes.com, 10.20.08, 1:03 PM ET
Mr. McCain did vote for the rescue, didn't he?
This is state ownership, isn't it?
so, what is the difference? i'm confused.
I've traveled in some so-called socialist countries - Canada, France, Great Britain, Italy.... There is one thing that I can personally comment that I observed: I don't remember potholes in their roads; I have never read about bridges collapsing during rush hour; I visited schools that were not falling down and met life safety codes; and I remember that no one was ever turned away from getting care if they were ill.
These socialist countries also have free enterprise and capitalistic working alongside it. See, they have a view of government that they learned from a revolution and a civil war. It's called government by the people, for the people and these countries believe that government is supposed to make the people's lives better and is to work for them.
I wonder where they got that idea?