Re: Bailout puts the class war back in business with a vengeance; gamblers take advantage of speculating investment banks merged with commercial savings and deposits banks & the consequences of the defeat of the Glass-Steagall act.
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Re: Bailout puts the class war back in business with a vengeance; gamblers take advantage of speculating investment banks merged with commercial savings and deposits banks & the consequences of the defeat of the Glass-Steagall act.         

Group: alt.philosophy · Group Profile
Author: Sean
Date: Sep 19, 2008 20:16

"robin" hotmail.com> wrote in message
news:a5b81a71-4078-4034-895d-e58e1b8eba27@i24g2000prf.googlegroups.com...
> How much can America afford? Republicans at one point in time had a
> reputation as champions of fiscal integrity.
>
> "There's no such thing as a free lunch.
>
> "You cannot establish sound security on borrowed money."
>
> "You cannot keep out of trouble by spending more than you earn."
>
> The liberal or compassion or "socailly responsible" voices have often
> declared our duty as a society to step up to the plate when ever
> there are crises that the private sector cannot address as well as the
> public arm.
>
> Indeed, both Democrats and Republicans, despite their constant
> rivalry, each rush to assist where government aid is vital. Consider
> Katrina, or the Galveston-Houston devastation today. Consider how the
> world looks to America to lead, whether against Milosevic, or against
> Saddam, or against international terrorism. After WWI, Europe turned
> to American generosity to feed them, following the ruination of Europe
> in the wake of the war.
>
> After World War II our goodness received a dramatic manifestation in
> the Marshall plan -- the vast program of assistance to help war-
> ravaged nations recover from World War II. And we can be proud that we
> helped restore not only our allies but those who had been our enemies
> as well. Pope Pius XII said of us at that time: ``The American people
> have a genius for splendid and unselfish action, and into the hands of
> America, God has placed the destinies of an afflicted humanity.'' And
> in our own times, the United States continues to bear the burdens of
> defending freedom around the world. Listen to the words of former
> Prime Minister of Australia John Gorton: ``I wonder if anybody has
> thought what the situation of comparatively small nations would be if
> there were not in existence the United States, if there were not this
> great, giant country prepared to make those sacrifices.''
>

I've anguished over the very issue you raise here. It was difficult to
understand, how things are like they are.

Then one moment I realised the obvious. I was living in the past.

IT's not WW1, or WW2, or the 60's anymore. Those days, and those people who
made them like they were, are [mostly] dead and gone.

Best to wake up and smell the daisies growing in 2008. It's a different
world, with different people behaving very differently than in the past.

Ponder on that if you wish.
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