{"id":2032,"date":"2008-09-20T20:29:54","date_gmt":"2008-09-21T01:29:54","guid":{"rendered":"http:\/\/www.sequence-inc.com\/fraudfiles\/?p=2032"},"modified":"2011-08-19T21:40:07","modified_gmt":"2011-08-20T02:40:07","slug":"the-end-of-life-as-we-know-it","status":"publish","type":"post","link":"https:\/\/www.sequenceinc.com\/fraudfiles\/the-end-of-life-as-we-know-it\/","title":{"rendered":"The End of Life As We Know It"},"content":{"rendered":"

We now have a Socialist marketplace<\/a>. I thought that the Democrats were the ones who would lead us there, but I was wrong. It is a Republican administration that has taken us down this road to ruin.<\/p>\n

No longer does capitalism mean what it used to… that people worked hard to succeed, and determined their own success or failure. We had some government programs in place to help those in need when they were down on our luck.<\/p>\n

But now government intervention, financed by the taxpayers, is the norm.<\/p>\n

This massive bailout doesn’t just affect Wall Street. It affects everyone, primarily because we as taxpayers will finance the $500 billion to $1 trillion<\/a> this bailout is estimated to cost.<\/p>\n

Big banks that made bad loans in the process of trying to create ever bigger profits…. Turn those loser bad loans over to Uncle Sam and he’ll (we’ll) eat the losses. Those profitable loans.. You just keep those for yourself.<\/p>\n

Taxpayers now finance all the risk in the financial sector. Don’t worry about those executives who made tens of millions of dollars from risky transactions. Don’t worry about the fact that the imminent collapse of companies was because of horrible decisions by their leaders and deceit of business partners and investors. Taxpayers will pay for it.<\/p>\n

We as taxpayers have zero upside to this new breed of Socialism. We can’t share in the upside from the financial sector. Only the downside. As Michelle Malkin said yesterday:<\/a><\/p>\n

Bush Treasury Secretary Hank Paulson just wrapped up his press conference announcing the Mother of All Bailouts. He said a \u201cbold\u201d approach was needed to achieve \u201cstability\u201d in the market.<\/p>\n

Let me translate that.<\/p>\n

\u201cBold\u201d = Massively massive, taxpayer-funded rescue.<\/p>\n

\u201cStability\u201d = Privatizing profits and socializing losses on a scale we have never seen before in our lifetimes.<\/p><\/blockquote>\n

And where do we draw the line for bailing out private businesses? Our government decided that the financials “couldn’t” fail. What industry is next? The U.S. automakers are standing there with their hands out.<\/p>\n

When does it stop? When do we stop making the little guy (average taxpayer) pay for the risk of the huge, irresponsible companies and their executives, who have made billions of dollars (now at our expense)?<\/p>\n","protected":false},"excerpt":{"rendered":"

We now have a Socialist marketplace. I thought that the Democrats were the ones who would lead us there, but I was wrong. It is a Republican administration that has taken us down this road to ruin. No longer does […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5],"tags":[],"class_list":["post-2032","post","type-post","status-publish","format-standard","hentry","category-fraud-news-stories"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p6Z0e-wM","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts\/2032","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/comments?post=2032"}],"version-history":[{"count":0,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts\/2032\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/media?parent=2032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/categories?post=2032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/tags?post=2032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}