Our Awful Situation

Archive for the ‘Socialism’ Category

The mother of all bailouts

Posted by patriot on March 30th, 2008

Jim at the Survival Blog has a post discussing the latest “mothers of all bailouts”, using taxpayer funds to correct the mistakes of business owners and banking empires. One of the summary paragraphs reads:

All of these macro-level implications might seem fairly abstract, so let me put them in real world terms and take the risk of extrapolating on some trends that I’ve observed: There will be a recession, and it will be deep, and long-lasting. A recession will mean that there will be some big corporate layoffs. Be ready. There will be bank runs and banking “holidays”. Be ready. There will be huge flows of “bailout” funds that will effectively nationalize many industries. Be ready. There will probably be a stock market collapse. Be ready. There will be a further collapse in residential real estate that will make the recent declines seem small, by comparison. Be ready. Credit delinquencies and foreclosures (on car loans, home loans, credit card bills, etc.) will dramatically increase. Be ready. There will be a collapse of the commercial real estate market. Be ready. Even though the credit available for IPOs and private mergers and acquisitions has dried up, there will be news of some large and seemingly inexplicable acquisitions in the near future, all sanctioned by and in some cases, underwritten by, and even funded by, the Federal government. Be ready. There will be shortages of key commodities including fuel and food. Be ready. Strapped for cash, America’s highway, rail, water, sewer, telecommunications, and power infrastructures will degenerate. Be ready. There will be mass inflation of the US Dollar that will devalue any dollar denominated investments. Be ready.

In case you missed it, the main idea to glean from the article is to be ready. :)

Socialist healthcare and seniors

Posted by patriot on March 28th, 2008

Daily Mail carries a story of a woman being denied treatment from the socialist medical system due to her age.

A woman of 61 was refused a routine heart operation by a hard-up NHS trust for being too old.

Dorothy Simpson suffers from an irregular heartbeat and is at increased risk of a stroke. But health chiefs refused to allow the procedure which was recommended by her specialist.

And people think that government-funded and -controlled health care in America is the best way to go? Maybe it’s just the young and healthy people clamoring for more intervention.

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