tag:blogger.com,1999:blog-6408922011682048023.post4067319349263813728..comments2008-12-21T23:09:35.669-05:00Comments on Ivory Lobby: Is Paulson's bailout plan socialist?Dan Chonghttp://www.blogger.com/profile/14793377714364186500noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-6408922011682048023.post-76152199403169870952008-09-27T08:02:00.000-04:002008-09-27T08:02:00.000-04:00Yeah, the government assuming the debt of the weal...Yeah, the government assuming the debt of the wealthy in order to prevent the fall of the wealthy doesn't sound especially "socialist" to me, either. However, if the govt acquired stakes in these companies, and a cut of future profits went to "the people" via these stakes, and the wealthy were forced to pay back their debts to the government, that would be a bit different. But god knows thats not what we're gonna get from Bush and Co. LLC.Andyhttps://www.blogger.com/profile/16146276570978878971noreply@blogger.comtag:blogger.com,1999:blog-6408922011682048023.post-84418141632109906782008-09-24T11:35:00.000-04:002008-09-24T11:35:00.000-04:00Yes, unproductive labeling.And yes, conventional/p...Yes, unproductive labeling.<BR/><BR/>And yes, conventional/popular definitions can differ from technical definitions. "God" is a great example.Acrobathttps://www.blogger.com/profile/05045164687371596525noreply@blogger.comtag:blogger.com,1999:blog-6408922011682048023.post-70925172736494844222008-09-23T22:33:00.000-04:002008-09-23T22:33:00.000-04:00Who are these Merriam-Webster people anyway?!? I'...Who are these Merriam-Webster people anyway?!? I'm not buying it. Of course I'm concerned about its implications too, but I'm not smart enough to figure out what those will be. So the least I can say is that it's not useful to give the bailout plan the same label as, for example, a universal health care plan. Seems like they are intended to serve very different purposes.Dan Chonghttps://www.blogger.com/profile/14793377714364186500noreply@blogger.comtag:blogger.com,1999:blog-6408922011682048023.post-5665535600491396912008-09-23T19:26:00.000-04:002008-09-23T19:26:00.000-04:00Although, I'm less concerned with its labeling...Although, I'm less concerned with its labeling. As has been written elsewhere, it's lousy precedent & atrocious assumption of debt. That said, I'm not privy to the predictions resulting from inaction.<BR/><BR/>Whether on the level of household, municipality, state, or federal government, none of us are mature enough to delay gratification and spend within our means.Acrobathttps://www.blogger.com/profile/05045164687371596525noreply@blogger.comtag:blogger.com,1999:blog-6408922011682048023.post-64053576027701943042008-09-23T19:14:00.000-04:002008-09-23T19:14:00.000-04:00http://www.merriam-webster.com/dictionary/socialis...http://www.merriam-webster.com/dictionary/socialism<BR/><BR/>As lableing goes, both intent and effect appear irrelevant.Acrobathttps://www.blogger.com/profile/05045164687371596525noreply@blogger.com