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	<title>Comments on: Is the Obama Administration&#8217;s Financial System Overhaul  Pushing Us Toward State Capitalism?</title>
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		<title>By: Hong Nhung</title>
		<link>http://www.moneymorning.com/2009/06/26/financial-system-overhaul-dangers/comment-page-1/#comment-24783</link>
		<dc:creator>Hong Nhung</dc:creator>
		<pubDate>Sat, 25 Jul 2009 03:38:44 +0000</pubDate>
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		<description>Obama said that he liked Lincoln, but eventually his administration is supporting Wall Street. Obama must have known the outcome that super-regional banks will benefit in $700 billion package, but he let it happen. Is he a product of state capitalism? Did he lie? I used to admire Mr. Obama.</description>
		<content:encoded><![CDATA[<p>Obama said that he liked Lincoln, but eventually his administration is supporting Wall Street. Obama must have known the outcome that super-regional banks will benefit in $700 billion package, but he let it happen. Is he a product of state capitalism? Did he lie? I used to admire Mr. Obama.</p>
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		<title>By: Peter K. Theodorakakos PE</title>
		<link>http://www.moneymorning.com/2009/06/26/financial-system-overhaul-dangers/comment-page-1/#comment-24293</link>
		<dc:creator>Peter K. Theodorakakos PE</dc:creator>
		<pubDate>Mon, 13 Jul 2009 22:56:44 +0000</pubDate>
		<guid isPermaLink="false">http://www.moneymorning.com/?p=7842#comment-24293</guid>
		<description>The US has been a Socialist country for the longest time.

Welfare, Food Stamps, Medicare, Medicaid, Social Security, Farm subsidies (including tobacco), apportioning mineral rights to companies rather the land owners, grants, loans for veterans, protections for minorities, subsidizing the defense of NATO countries and Korea&#039;s Japans&#039; etc. 
Any talk about losing capitalism is absolute nonsence. 
We never had capitalism. Just a goverment willing to partake in the fleecing of the land, people, one&#039;s savings etc. 
Now that the *** has hit the fan, the illusion of separating the goverment from its partners-in-crime is beginning. Who is afraid of State Capitalism? Not I.

I wish Communist China was running our economy. You would have had the Wall Street Barons and some goverment officials on death row, not negotiating bonuses for showing up at work.
Imagine having budget surpluses and jobs. 
Socialism mixed with high end corruption does not work. 
That we have proved. For anyone who thinks too loudly that a goverment run business cannot succeed, look to Toyota. Some of you are driving the very thing you pretend to be afraid of. A state owned automaker&#039;s product. If you do not like it, you should have bought American products while they were privately held. Now you are paying for it and still have no car on the driveway. The propaganda about Obama and state capitalism is empty and tired. Obama is not the cause of this disaster. Nor is he the savior of America to be sure. Print more money, destroy the dollar and start again with no deficits and a new tax code, powerful regulations and no lobby influence. Then we can succeed whether we are capitalists or any other form.</description>
		<content:encoded><![CDATA[<p>The US has been a Socialist country for the longest time.</p>
<p>Welfare, Food Stamps, Medicare, Medicaid, Social Security, Farm subsidies (including tobacco), apportioning mineral rights to companies rather the land owners, grants, loans for veterans, protections for minorities, subsidizing the defense of NATO countries and Korea&#8217;s Japans&#8217; etc.<br />
Any talk about losing capitalism is absolute nonsence.<br />
We never had capitalism. Just a goverment willing to partake in the fleecing of the land, people, one&#8217;s savings etc.<br />
Now that the *** has hit the fan, the illusion of separating the goverment from its partners-in-crime is beginning. Who is afraid of State Capitalism? Not I.</p>
<p>I wish Communist China was running our economy. You would have had the Wall Street Barons and some goverment officials on death row, not negotiating bonuses for showing up at work.<br />
Imagine having budget surpluses and jobs.<br />
Socialism mixed with high end corruption does not work.<br />
That we have proved. For anyone who thinks too loudly that a goverment run business cannot succeed, look to Toyota. Some of you are driving the very thing you pretend to be afraid of. A state owned automaker&#8217;s product. If you do not like it, you should have bought American products while they were privately held. Now you are paying for it and still have no car on the driveway. The propaganda about Obama and state capitalism is empty and tired. Obama is not the cause of this disaster. Nor is he the savior of America to be sure. Print more money, destroy the dollar and start again with no deficits and a new tax code, powerful regulations and no lobby influence. Then we can succeed whether we are capitalists or any other form.</p>
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		<title>By: leo maduro</title>
		<link>http://www.moneymorning.com/2009/06/26/financial-system-overhaul-dangers/comment-page-1/#comment-23771</link>
		<dc:creator>leo maduro</dc:creator>
		<pubDate>Mon, 29 Jun 2009 13:56:46 +0000</pubDate>
		<guid isPermaLink="false">http://www.moneymorning.com/?p=7842#comment-23771</guid>
		<description>I really do not understand why it would be such a big deal to have a socialist threat hidden in what government is aiming at.
It was a pseudo-socialist concept that was implemented under the very noses of the biggest capitalist money scrapers - giving mortgages to people who do not have the financial solvency to back it up - and because of well understood capitalist greed nobody ever asked what kind of socialist madness this was! And rightfully so, because everybody was only thinking of the money they were to make on those crazy financial products - securities, what a nice name for such a stupid thing - and now that this madness came down everybody seems worried about that government that had to come out and save their playground. I could live with straight forward capitalism, but not with this kind of madness of those that want all the freedom of the world, but no accountability. Meanwhile, can&#039;t you guys see that Europe and China are doing a far better job finding a balance in between the swings left and right of economic systems?
It pays off to have a look across the border once in a while...

Leo Maduro
Aruba</description>
		<content:encoded><![CDATA[<p>I really do not understand why it would be such a big deal to have a socialist threat hidden in what government is aiming at.<br />
It was a pseudo-socialist concept that was implemented under the very noses of the biggest capitalist money scrapers &#8211; giving mortgages to people who do not have the financial solvency to back it up &#8211; and because of well understood capitalist greed nobody ever asked what kind of socialist madness this was! And rightfully so, because everybody was only thinking of the money they were to make on those crazy financial products &#8211; securities, what a nice name for such a stupid thing &#8211; and now that this madness came down everybody seems worried about that government that had to come out and save their playground. I could live with straight forward capitalism, but not with this kind of madness of those that want all the freedom of the world, but no accountability. Meanwhile, can&#8217;t you guys see that Europe and China are doing a far better job finding a balance in between the swings left and right of economic systems?<br />
It pays off to have a look across the border once in a while&#8230;</p>
<p>Leo Maduro<br />
Aruba</p>
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		<title>By: R Kuch</title>
		<link>http://www.moneymorning.com/2009/06/26/financial-system-overhaul-dangers/comment-page-1/#comment-23714</link>
		<dc:creator>R Kuch</dc:creator>
		<pubDate>Sat, 27 Jun 2009 06:03:11 +0000</pubDate>
		<guid isPermaLink="false">http://www.moneymorning.com/?p=7842#comment-23714</guid>
		<description>John Q Public first needs the will to do something besides rant, rail, wring his hands in distress, and ask, &quot;But what can I doooo about it?&quot;  and expect the government to do something. 

That will require some brain strain, attention span, and persistence to comprehend the problem and become knowledgeably informed, stay informed, find and get actively involved with others who are willing to do the same ... and vote. 

The first wave of politicians to be voted out of office for irrational adherence to party agenda will be a strong message to those remaining, that John Q Public is back.</description>
		<content:encoded><![CDATA[<p>John Q Public first needs the will to do something besides rant, rail, wring his hands in distress, and ask, &#8220;But what can I doooo about it?&#8221;  and expect the government to do something. </p>
<p>That will require some brain strain, attention span, and persistence to comprehend the problem and become knowledgeably informed, stay informed, find and get actively involved with others who are willing to do the same &#8230; and vote. </p>
<p>The first wave of politicians to be voted out of office for irrational adherence to party agenda will be a strong message to those remaining, that John Q Public is back.</p>
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		<title>By: Morris Hancock</title>
		<link>http://www.moneymorning.com/2009/06/26/financial-system-overhaul-dangers/comment-page-1/#comment-23710</link>
		<dc:creator>Morris Hancock</dc:creator>
		<pubDate>Fri, 26 Jun 2009 22:07:36 +0000</pubDate>
		<guid isPermaLink="false">http://www.moneymorning.com/?p=7842#comment-23710</guid>
		<description>I find your articles interesting and informative.  Thank you 
for explanations, insight and news beyond the daily gush of 
sawdust porridge we get from the mainstream media.

   Today I am startled and a little amused to find an error like 
the following:
       &quot;The danger now is that welcoming the seeming 
       suave of government intervention may embolden 
       some misguided politicians and the vested-interest 
       big-government/big-money crowd to permanently 
       corrupt our once free markets.&quot;

   I suspect Shah Gilani intended to say &quot;salve,&quot; though I must 
admit the definition of suave does play a part in selling the 
programs which would not be so easily accepted if not sold by &quot;smoothly gracious or polite; polished; blandly ingratiating; 
urbane&quot; explanations of the latest dire need. 
   Reminds me, someone said, &quot;If you think our problems are 
bad, wait till you see our solutions.&quot;
   The unintended wry humor does to some extent salve the grammatical bruise.

Respectfully,
Morris Hancock
Arizona</description>
		<content:encoded><![CDATA[<p>I find your articles interesting and informative.  Thank you<br />
for explanations, insight and news beyond the daily gush of<br />
sawdust porridge we get from the mainstream media.</p>
<p>   Today I am startled and a little amused to find an error like<br />
the following:<br />
       &#8220;The danger now is that welcoming the seeming<br />
       suave of government intervention may embolden<br />
       some misguided politicians and the vested-interest<br />
       big-government/big-money crowd to permanently<br />
       corrupt our once free markets.&#8221;</p>
<p>   I suspect Shah Gilani intended to say &#8220;salve,&#8221; though I must<br />
admit the definition of suave does play a part in selling the<br />
programs which would not be so easily accepted if not sold by &#8220;smoothly gracious or polite; polished; blandly ingratiating;<br />
urbane&#8221; explanations of the latest dire need.<br />
   Reminds me, someone said, &#8220;If you think our problems are<br />
bad, wait till you see our solutions.&#8221;<br />
   The unintended wry humor does to some extent salve the grammatical bruise.</p>
<p>Respectfully,<br />
Morris Hancock<br />
Arizona</p>
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		<title>By: Scott S Powell</title>
		<link>http://www.moneymorning.com/2009/06/26/financial-system-overhaul-dangers/comment-page-1/#comment-23704</link>
		<dc:creator>Scott S Powell</dc:creator>
		<pubDate>Fri, 26 Jun 2009 18:54:16 +0000</pubDate>
		<guid isPermaLink="false">http://www.moneymorning.com/?p=7842#comment-23704</guid>
		<description>Mr. Gilani,
Your analysis is correct, but your choice of descriptive terms is weak. State capitalism?  Really?  If your purpose is wake people up, come right out with it man.  Why not express this insane government overreach with terms that will get people off their derriers.  A concerted push towards socialism or fascism might be more effective (and probably more accurate).  Does the emperor really have any clothes on? We have a chief executive/commander in chief who came out the activist trenches of a corrupt political machine in Chicago, whose longest held professional position was community organizer for ACORN.  He never ran a business with bottom line discipline or met a payroll.  Ditto for Treasury Secretary Geithner. 

The attempt to radically restructure the US economy by the Obama administration in the midst of the worst depression since the 1930s reflects only two possibilities: 1) extremely bad judgment because it risks the economic welfare of an already weakened people of an entire nation; or 2) an opportunistic decision to take advantage of and exacerbate the current crisis to engineer a power grab whose end game is a socialist outcome.  The most corrupt governments in the world are all socialist.  Why would we want to take one step in that direction, when we have a constitution that has served us so well? The American people neet to wake up to the wolf in sheep&#039;s clothing.  The current health care bill, the restructuring of the automobile and financial services industry are all a trojan horse for more government control (and ultimately more corruption). 

Scott S Powell</description>
		<content:encoded><![CDATA[<p>Mr. Gilani,<br />
Your analysis is correct, but your choice of descriptive terms is weak. State capitalism?  Really?  If your purpose is wake people up, come right out with it man.  Why not express this insane government overreach with terms that will get people off their derriers.  A concerted push towards socialism or fascism might be more effective (and probably more accurate).  Does the emperor really have any clothes on? We have a chief executive/commander in chief who came out the activist trenches of a corrupt political machine in Chicago, whose longest held professional position was community organizer for ACORN.  He never ran a business with bottom line discipline or met a payroll.  Ditto for Treasury Secretary Geithner. </p>
<p>The attempt to radically restructure the US economy by the Obama administration in the midst of the worst depression since the 1930s reflects only two possibilities: 1) extremely bad judgment because it risks the economic welfare of an already weakened people of an entire nation; or 2) an opportunistic decision to take advantage of and exacerbate the current crisis to engineer a power grab whose end game is a socialist outcome.  The most corrupt governments in the world are all socialist.  Why would we want to take one step in that direction, when we have a constitution that has served us so well? The American people neet to wake up to the wolf in sheep&#8217;s clothing.  The current health care bill, the restructuring of the automobile and financial services industry are all a trojan horse for more government control (and ultimately more corruption). </p>
<p>Scott S Powell</p>
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		<title>By: Milan</title>
		<link>http://www.moneymorning.com/2009/06/26/financial-system-overhaul-dangers/comment-page-1/#comment-23702</link>
		<dc:creator>Milan</dc:creator>
		<pubDate>Fri, 26 Jun 2009 18:03:58 +0000</pubDate>
		<guid isPermaLink="false">http://www.moneymorning.com/?p=7842#comment-23702</guid>
		<description>State capitalism - how is it even possible that seemingly inteligent people even would use such a term. This could be used only by what one would call INTELIGENT MORONS, just like Karl Marx. The history of last century already proved beyond reasonable doubt that if goverment get in any shape or form involved in the  supposedly free markets/ business in real terms it is nothing less than raving socialism or its next stage fascism (that is a present reality of USA/Canada), and of course the final stage the communism (that is where we are heading under the dear leader chairman Obama).  In that moment of gov. intervention the free market seize to be free. Gov. does not create, gov. very rarely can maintain for a short period of time. Inevitably gov. leads to destruction (California? Anybody?) if left unchecked by uneducated, brain lazy or ignorant voters. The irony for me is, I lived this ones already (Communist Czechoslovakia). Here we go again.</description>
		<content:encoded><![CDATA[<p>State capitalism &#8211; how is it even possible that seemingly inteligent people even would use such a term. This could be used only by what one would call INTELIGENT MORONS, just like Karl Marx. The history of last century already proved beyond reasonable doubt that if goverment get in any shape or form involved in the  supposedly free markets/ business in real terms it is nothing less than raving socialism or its next stage fascism (that is a present reality of USA/Canada), and of course the final stage the communism (that is where we are heading under the dear leader chairman Obama).  In that moment of gov. intervention the free market seize to be free. Gov. does not create, gov. very rarely can maintain for a short period of time. Inevitably gov. leads to destruction (California? Anybody?) if left unchecked by uneducated, brain lazy or ignorant voters. The irony for me is, I lived this ones already (Communist Czechoslovakia). Here we go again.</p>
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		<title>By: Joachim Mueller</title>
		<link>http://www.moneymorning.com/2009/06/26/financial-system-overhaul-dangers/comment-page-1/#comment-23701</link>
		<dc:creator>Joachim Mueller</dc:creator>
		<pubDate>Fri, 26 Jun 2009 18:01:52 +0000</pubDate>
		<guid isPermaLink="false">http://www.moneymorning.com/?p=7842#comment-23701</guid>
		<description>Excellent article!

Though I want governments to watch over business activities I do not want government to run businesses. That would only constitute a conflict of interest and worsen already rampant cronyism.

Mr. Schumpeter is a theorist. That may be a good thing but theories do not always apply. The main problem is that there is no free market. Even if the government does not interfere - the competition will create a dirty side effect: Companies want to secure there business and therefor try to monopolise their markets.  The dumbest thing in recent history is digital TV. Europe promoted digital TV fairly early when the US companies wanted to still cash in on their old stuff. Then the US government woke up and instead allowing regular competition a new US system was cooked up to give companies a moat. Is that a free market economy that is touted all the time by brain-damaged senators?

The problem in this country is that everything is seen as an opportunity to &quot;make&quot; money. There is little thought about creating a better society. As far as that goes we still live in the stone age.</description>
		<content:encoded><![CDATA[<p>Excellent article!</p>
<p>Though I want governments to watch over business activities I do not want government to run businesses. That would only constitute a conflict of interest and worsen already rampant cronyism.</p>
<p>Mr. Schumpeter is a theorist. That may be a good thing but theories do not always apply. The main problem is that there is no free market. Even if the government does not interfere &#8211; the competition will create a dirty side effect: Companies want to secure there business and therefor try to monopolise their markets.  The dumbest thing in recent history is digital TV. Europe promoted digital TV fairly early when the US companies wanted to still cash in on their old stuff. Then the US government woke up and instead allowing regular competition a new US system was cooked up to give companies a moat. Is that a free market economy that is touted all the time by brain-damaged senators?</p>
<p>The problem in this country is that everything is seen as an opportunity to &#8220;make&#8221; money. There is little thought about creating a better society. As far as that goes we still live in the stone age.</p>
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		<title>By: L. Taylor</title>
		<link>http://www.moneymorning.com/2009/06/26/financial-system-overhaul-dangers/comment-page-1/#comment-23696</link>
		<dc:creator>L. Taylor</dc:creator>
		<pubDate>Fri, 26 Jun 2009 16:52:12 +0000</pubDate>
		<guid isPermaLink="false">http://www.moneymorning.com/?p=7842#comment-23696</guid>
		<description>It may be too late to do anything about the current state of affairs in the US.  Most people don&#039;t even realize what&#039;s really happening under their noses!  Americans need to follow the money and realize where the head of the dragon truly is.  Tax-cuts, etc, aren&#039;t going to do squat if the central bank keeps us in perpetual debt.  Its a scam that has been going on since 1913 and it&#039;s the very heart of our economic problems.  Until we get away from central banking (Fed. Res.) there is nothing we can do to really affect change.  Since Obama and the majority of powerful people all belong to the same club (the CFR) we won&#039;t see daylight for a long, long time.  If ever.  I really miss America. And I really dislike the bastards that are killing it.</description>
		<content:encoded><![CDATA[<p>It may be too late to do anything about the current state of affairs in the US.  Most people don&#8217;t even realize what&#8217;s really happening under their noses!  Americans need to follow the money and realize where the head of the dragon truly is.  Tax-cuts, etc, aren&#8217;t going to do squat if the central bank keeps us in perpetual debt.  Its a scam that has been going on since 1913 and it&#8217;s the very heart of our economic problems.  Until we get away from central banking (Fed. Res.) there is nothing we can do to really affect change.  Since Obama and the majority of powerful people all belong to the same club (the CFR) we won&#8217;t see daylight for a long, long time.  If ever.  I really miss America. And I really dislike the bastards that are killing it.</p>
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		<title>By: Al</title>
		<link>http://www.moneymorning.com/2009/06/26/financial-system-overhaul-dangers/comment-page-1/#comment-23694</link>
		<dc:creator>Al</dc:creator>
		<pubDate>Fri, 26 Jun 2009 15:45:55 +0000</pubDate>
		<guid isPermaLink="false">http://www.moneymorning.com/?p=7842#comment-23694</guid>
		<description>Being of an older generation, I can look back and remember when as a younger business owner I was forced to accept the creep of &quot;Big Brother&quot; policies bought forth by an infant socialist minded government. It was wrong even then to simply accept the mandatory &quot;new rules&quot;.

We have been progressively and systematically and wrongly led to this very moment in time. We have been led to believe that we are a &quot;nation of laws&quot; and accordingly we are unwilling to violate the rules which govern us. 

Unfortunately for us, while we worked and paid our taxes and lived a &quot;wonderful and free life&quot;, we placed too much trust in the &quot;lawmakers&quot; as they progressively &quot;messed up&quot; the Republic and its Constitution.  

As Mr. Galani states it would seem as though we need to do battle in order to preserve the very heart and soul of our way 
of life. Try that one after we have lost the protection of the Second Amendment. 

I certainly hope that enough good and talented people immediately come forward and legally stop this Hitler type Blitzkreig party that is now very successfully dismantling the government ot these seemingly inattentive [as I once was] United States of America.</description>
		<content:encoded><![CDATA[<p>Being of an older generation, I can look back and remember when as a younger business owner I was forced to accept the creep of &#8220;Big Brother&#8221; policies bought forth by an infant socialist minded government. It was wrong even then to simply accept the mandatory &#8220;new rules&#8221;.</p>
<p>We have been progressively and systematically and wrongly led to this very moment in time. We have been led to believe that we are a &#8220;nation of laws&#8221; and accordingly we are unwilling to violate the rules which govern us. </p>
<p>Unfortunately for us, while we worked and paid our taxes and lived a &#8220;wonderful and free life&#8221;, we placed too much trust in the &#8220;lawmakers&#8221; as they progressively &#8220;messed up&#8221; the Republic and its Constitution.  </p>
<p>As Mr. Galani states it would seem as though we need to do battle in order to preserve the very heart and soul of our way<br />
of life. Try that one after we have lost the protection of the Second Amendment. </p>
<p>I certainly hope that enough good and talented people immediately come forward and legally stop this Hitler type Blitzkreig party that is now very successfully dismantling the government ot these seemingly inattentive [as I once was] United States of America.</p>
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