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alstry (35.03)

Does Private Property Exist In America Anymore?

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February 26, 2011 – Comments (3)

They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety.  Benjamin Franklin

A Nation that accepts public handouts for the perception of private prosperity deserves neither private property nor prosperity.  Alstry

Our nation's economy is now driven by MASSIVE public deficts.  These deficits are now the foundation driving incomes and wealth in America.  Without the PUBLIC deficits, the economy as we know it collapses as deficits, by nature, create NEW demand and multiplying many times over in our consumer economy.

Since the deficits are primarily PUBLIC, vs primarily private before the banking crisis, the risk and reward belong to the PUBLIC, not privately.  Consequently, since the value and functioning of nearly everything in America is now driven by the PUBLIC deficit, morally and rightfully, the public, and NOT PRIVATE owners, should own and benefit from those assets.

You can't have it both ways, PUBLIC bailouts and PRIVATE ownership.  Either we should have let the Private fail or if bailed out by the PUBLIC, then owned by the PUBLIC.

Next time a Republican or Democrat, especially one that owns stock in a financial company, says we should cut government workers incomes or pensions, make sure they hand in their shares of stock and incomes from their PUBLICLY supported holdings.

3 Comments – Post Your Own

#1) On February 26, 2011 at 6:24 PM, alstry (35.03) wrote:

Buffett...the man who PRIVATELY benefitted from PUBLIC bailouts more than any other in America seems to be saying the same thing year after year......as his PUBLIC money keeps him PRIVATELY floating....while others in the public get foreclosed by Buffett's Wells Fargo now under investigation for illegal practices....

LAST YEAR

[W]ithin a year or so residential housing problems should largely be behind us.......

THIS YEAR

A housing recovery will probably begin within a year or so.

NEXT YEAR

Any guesses?

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#2) On February 26, 2011 at 8:46 PM, L0RDZ (84.26) wrote:

Alstry whats your opinion on players who close out all their picks ?

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#3) On February 26, 2011 at 9:42 PM, L0RDZ (84.26) wrote:

Alstry whats your opinion on zombies ?

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