Re: [Pen-l] "Has Barack Obama's presidency already failed?"

[Michael Smith <mjs@xxxxxxxxxxxxxx>]

On Fri, 13 Feb 2009 08:07:49 -0800 (PST)
Charles Brown <cdb1003@xxxxxxxxxxx> wrote:

> It might be too late, but it might 
> be a good idea to nationalize, but 
> not call it that. I think someone else
> said something like that on this thread.
> Maybe call it "federalize". 

There's a really easy way to make this happen -- without 
all this agonized head-scratching over terminology and 
marketing and the supposed squeamishness of the public -- 
if Obie *wanted* to make it happen, that is, which he 
doesn't. 

You simply let the banks go bankrupt. Then the government 
steps in and buys 'em for pennies on the dollar -- if that; 
some of these outfits are probably worth less than zero. 
Call it a "rescue". Then once Sam owns 'em, he starts 
lending money like crazy. 

Same goes for the automakers. Let 'em go bust, pick 'em 
up at a fire sale price, and then run 'em in a sensible way
for a change. 

Bankruptcy: nationalization without tears. 

I'm sitting here by the phone, Obie, if you're interested. 
Homeland Security has the number. 

-- 

Michael Smith
mjs@xxxxxxxxxxxxxx
http://stopmebeforeivoteagain.org
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