sci.energy.hydrogen

"Observer" wrote in message
news:72c0d3llm12n92kpavtp3f85dft30fk5rf@ ...
> On Wed, 22 Aug 2007 02:27:16 -0700, Gunner
> wrote:
>
>
>>
>>Bush talked all those morons into speculating ona house that then
>>cannot aford the payments?
>>
>>Gunner
>
>
> Typical inarticulate straw man, Gummy.
>
> Bush obviously sat down with every person defaulting on a mortgage?
> Is that your position?
>
> What Bush did do is change the Bankruptcy laws so it's very difficult
> for someone trapped by a bad mortgage (I'm not absolving the buyers
> for stupidity), and has currently allowed bank bailouts for banks who
> lost money on said loans.
>
> So, if a bank profits, those profits are privatized. But if a bank
> gets in trouble, the taxpayer gets to bail them out. I thought you
> were against socialism, Gummy.

No, he is just against some socialism. He breaks it down into bad socialism
vs. good socialism. The good socialism being when he benefits from it.