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wtf is wrong with the right?

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Custard

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Re: wtf is wrong with the right?
« Reply #8970 on: July 01, 2026, 10:32:24 PM »
Quote from: illiniray on July 01, 2026, 07:58:46 PM
The problem is the bank bailouts aren't done to benefit the poor and working class. They are done protect the wealthy, an example of socializing risks and privatizing profits.

More an example of state or crony capitalism.

Correct.
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alum74

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Re: wtf is wrong with the right?
« Reply #8971 on: July 01, 2026, 11:48:28 PM »
Quote from: illiniray on July 01, 2026, 07:58:46 PM
The problem is the bank bailouts aren't done to benefit the poor and working class. They are done protect the wealthy, an example of socializing risks and privatizing profits.

More an example of state or crony capitalism.

During the 2008 financial crisis,  conservative commentators and some Republican lawmakers characterized the bank bailouts as "socialism for Wall Street," "corporate socialism," or "government socialism."

Similar to earlier criticism of Medicare and Social Security, they warned that the bailouts would move the U.S. to a socialist economy.
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Reacher

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Re: wtf is wrong with the right?
« Reply #8972 on: July 01, 2026, 11:58:56 PM »
In bank bailouts, the losses are “socialized.” That’s not capitalism, however the fuck you want to paint it.
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ThePAMan

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Re: wtf is wrong with the right?
« Reply #8973 on: July 02, 2026, 07:56:23 AM »
Quote from: illiniray on July 01, 2026, 07:58:46 PM
The problem is the bank bailouts aren't done to benefit the poor and working class. They are done protect the wealthy, an example of socializing risks and privatizing profits.

More an example of state or crony capitalism.

It went so well the last time a bunch of banks fell. You should remember it well
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Custard

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Re: wtf is wrong with the right?
« Reply #8974 on: July 02, 2026, 10:03:54 AM »
Quote from: Reacher on July 01, 2026, 11:58:56 PM
In bank bailouts, the losses are “socialized.” That’s not capitalism, however the fuck you want to paint it.

From Hal6969:

Quote
Here’s why they are usually not considered socialism:

* The government did not take permanent ownership of the banking industry or convert it into public property.
* Banks remained privately owned and operated.
* The government’s stated goal was to stabilize the financial system and prevent a broader economic collapse, not to replace markets with state control.
* Much of the money provided through TARP was repaid, and the U.S. government ultimately recovered more than it disbursed on the program overall, although some specific programs and companies resulted in losses.
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Custard

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Re: wtf is wrong with the right?
« Reply #8975 on: July 02, 2026, 10:09:55 AM »
Quote from: alum74 on July 01, 2026, 11:48:28 PM
During the 2008 financial crisis,  conservative commentators and some Republican lawmakers characterized the bank bailouts as "socialism for Wall Street," "corporate socialism," or "government socialism."

Similar to earlier criticism of Medicare and Social Security, they warned that the bailouts would move the U.S. to a socialist economy.

Hang on, you mean to tell me that opposition politicians exaggerated or misrepresented a situation for political gain? 🤯
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ThePAMan

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Re: wtf is wrong with the right?
« Reply #8976 on: July 02, 2026, 10:22:06 AM »
Quote from: Custard on July 02, 2026, 10:03:54 AM
From Hal6969:

Hal6969 doesn't understand "socialism" as Tempo and Nichi understand it.
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alum74

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Re: wtf is wrong with the right?
« Reply #8977 on: July 02, 2026, 11:41:20 AM »
Quote from: Custard on July 02, 2026, 10:09:55 AM
Hang on, you mean to tell me that opposition politicians exaggerated or misrepresented a situation for political gain? 🤯

No, it means there is no shared definition of socialism in the U.S .  In our political debate and for many on the right (not just politicians, but political commentators, influencers and academics), it means:

-government spending

-taxes

-regulation

-welfare programs

-public services

-subsidies

-or almost any large government role in the economy.

Public surveys often find Americans attaching different meanings to the word.  Some define socialism as government ownership of the economy, while others use it to refer to any significant government role in economic life.

It's been that way for over 100 years.   

As to exaggeration and hyperbole, I don't think a hard-core Trumpist like you is in a very good position to make that argument.

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No one in Mn

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Re: wtf is wrong with the right?
« Reply #8978 on: July 02, 2026, 11:54:22 AM »
As I said,

"It's a cult that wants people to believe they're not socialists. They're democratic socialists."
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Still hiding behind innuendo and practicing the art of ommision.
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Reacher

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Re: wtf is wrong with the right?
« Reply #8979 on: July 02, 2026, 12:16:05 PM »
Quote from: No one in Mn on July 02, 2026, 11:54:22 AM
As I said,

"It's a cult that wants people to believe they're not socialists. They're democratic socialists."

We heard you the first three times.

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style="position:absolute; width:100%; height:100%;"
src="https://getyarn.io/yarn-clip/a9dc09ef-c324-41b0-860a-fb8067c5632e/embed?autoplay=false&responsive=true"
frameborder="0"
></iframe>
</div>
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"He commented more than once that, 'You know, Hitler did some good things, too,'" Kelly recalled to The Times. Kelly said he would usually quash the conversation by saying "nothing (Hitler) did, you could argue, was good," but that Trump would occasionally bring up the topic again.
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illiniray

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Re: wtf is wrong with the right?
« Reply #8980 on: July 02, 2026, 02:10:18 PM »
 8)
« Last Edit: July 02, 2026, 02:16:32 PM by illiniray »
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murphstahoe

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Re: wtf is wrong with the right?
« Reply #8981 on: July 02, 2026, 04:15:02 PM »
Quote from: Custard on July 02, 2026, 10:03:54 AM
From Hal6969:

Repaid? Fuck that. Any functional capitalist would have let them fail and bought the scraps on the cheap. And fired or jailed half of them. They neither lost jobs nor went to jail.

It was complete bullshit.

Maybe you have a point - socialism isn’t complete bullshit - so if TARP was complete bullshit, it must not have been socialism
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illiniray

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Re: wtf is wrong with the right?
« Reply #8982 on: July 02, 2026, 04:25:51 PM »
I always thought terms like corporate welfare were used ironically.
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illiniray

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Re: wtf is wrong with the right?
« Reply #8983 on: July 02, 2026, 04:28:25 PM »
Quote from: Reacher on July 01, 2026, 11:58:56 PM
In bank bailouts, the losses are “socialized.” That’s not capitalism, however the fuck you want to paint it.

It's not really socialism either. I will still go with crony capitalism. Ot maybe crypto fascism?
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Custard

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Re: wtf is wrong with the right?
« Reply #8984 on: July 02, 2026, 10:36:49 PM »
Quote from: murphstahoe on July 02, 2026, 04:15:02 PM
Repaid? Fuck that. Any functional capitalist would have let them fail and bought the scraps on the cheap. And fired or jailed half of them. They neither lost jobs nor went to jail.

It was complete bullshit.

Maybe you have a point - socialism isn’t complete bullshit - so if TARP was complete bullshit, it must not have been socialism

I certainly was never a bailout advocate. Or the fact that not only weren’t they meaningfully punished, they mostly got rewarded for their bad behavior.
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