A Conservative Coalition

[Cancel 2018. 3]

beanerboy stinks. he may be technically right that dems are not socialists, however, they do share many of the same beliefs. it is a fine line.

 

[beanerboy]

same fine line between republicans and fascists? SLO needs better representation, that's for sure.

 

[Onceler]

A fine line between Dems & Socialists?

Man, "Mr. Objective" is on fire today...

 

[poet]

could you be any bigger of a douchebag? Democrats are not socialists. SOME socialists vote for democrats... probably MOST do, because it is better than voting for republicans, who could give a flying fuck about the less fortunate, and who gleefully trample on the rights of anyone who they can, but democrats are capitalists... we believe in capitalism and we believe in democracy.

No. He could not be a bigger douchebag.

 

[PostmodernProphet]

could you be any bigger of a douchebag? Democrats are not socialists. SOME socialists vote for democrats... probably MOST do, because it is better than voting for republicans, who could give a flying fuck about the less fortunate, and who gleefully trample on the rights of anyone who they can, but democrats are capitalists... we believe in capitalism and we believe in democracy.

this is so confusing.....first you say you aren't afraid to say you're a socialist, then you say you aren't a socialist......I'm not sure if it's fear or ignorance but you certainly are being contradictory.....

 

[cancel2 2022]

The government owns 60% of General Motors! How the fuck can you say, with a straight face, that government doesn't "own the means of production" regarding a company they own 60% of? It fucking sounds like YOU need to learn the meaning of the word socialism!

Your hero Reagan was mostly responsible for the S&L crisis of the 1980s with the signing of the Garn-St Germain Act of 1982, that resulted in the US taxpayers losing at least $160 billion although if this is adjusted for inflation it would a lot nearer a trillion dollars today. TARP, which was signed into law by Bush II, has virtually all been paid back.

Reagan's contribution to the US Savings and Loans fraud was to deregulate the Savings and Loans industry without removing the Federal deposit insurance. This opened the way for crooks to use savings and loans to perpetrate their frauds. By offering high interest rates on Federal insured deposits, these fraudulent S&Ls could attract deposits. These high rates were sustained in a pyramid scheme, so when the scheme inevitably collapsed, most investors were covered by the Federal deposit insurance. Pyramid schemes were only part of the S&L scandal though, with no regulation, even more creative forms of fraud were perpetrated. S&L officers lied to many investors, telling them that their deposits were Federal insured even if they weren't. When the S&L went bankrupt, these investors lost every penny.

Footnote:

On October 15, 1982, Reagan signed the Garn-St Germain Act, which he claimed would cut savings and loans loose from the straitjacket of old-fashioned, restrictive federal regulations so at a stroke unleashing the subsequent tsunami of financial losses .