Acceptance of Socialism in America?

We're now officially on the road toward becoming a Socialist country. How are these bailouts Constitutional? The taxpayers will bear the burden for decades...if Stalin were alive, he would be laughing at us. I wouldn't be surprised if these bailouts get challenged and go all the way to the Supreme Court.

The gov. has taken over private businesses and now the taxpayer has to pay the debt. Another $1 trillion dollars that all Americans will have to pay...unbelievable. Politicians covet their jobs to such an extent that they're ignoring economics altogether. Why not let some economic failure happen? What's wrong with a little short-term failure?...seems like as a country we may need this. We'd bounce back as a country economically...we always do. Some short-term 'failure' might afford some more taxpayers an opportunity to buy a home at a lower price (provided they can get the loan, I know). At any rate, taxpayers will have to pay more across the board to keep home prices artificially high and to keep people in their homes...markets are being buoyed up artificially...this is what France does...yuk!

In this day and age, there's an attitude that living in an apartment is somehow a complete failure and that living in a house is a Constitutional right. Apartments aren't so bad...come on!

We need a serious change in Washington, and we need it fast. Government handouts got us into this mess, and all we're doing is giving out handouts again (this time in the form of a subsidized mortgage market).

The way i see it, we've privatized the gains and socialized the losses of the mortgage market. Our government has completely failed us, and it all started back in the 1990s.

Would there really be a complete collapse of the financial system if we allowed more banks to fail?? I don't know the answer to this question, but why is everyone is taking what Paulson says as gospel...why not wait and see what happens to liquidity in the market with these bank failures? Only fools rush in...there are no facts presented by these two men...at least I haven't heard anything specific from Bernanke and Paulson that I can sink my teeth into.

How do we know that we would TRULY be better off with these massive bailouts? I believe that fewer people are questioning the bailouts because they're afraid. I seriously question this approach by the Treasury and Fed, despite the greedy market apparently agreeing with this knee-jerk decision today by the government.

How does this bailout approach help the next generation? Americans need to suck it up and feel some financial pain NOW so that their children and grandchildren don't have to shoulder this burden. $1,000,000,000,000 is a lot of money to add to our existing deficit.

v/r,
FMC (Free Mkt Capitalist)