Keith Olbermann examines Economy's "strong fundamentals"

We live in a wonderfully ironic world. George W. Bush might have now nationalized more companies than Hugo Chavez. He certainly has nationalized companies with far greater worth. Fannie Mae, Freddie Mac and now AIG. Let alone the bailouts of Bear Stearns and all the rest.

Who knew George Bush would turn out to be such a socialist? You might even argue, communist. What happened, I thought the government was unnecessary? I thought "unfettered" markets would do their magic if you just deregulated them. Why are you fettering?

It turns out, all that talk about not needing big government flies right out the window when the shit hits the fan. Did we need government during Hurricane Katrina? Did we need the government during Sept. 11th? That was a day when we certainly could have used some more government help, like a president reading a briefing that said they were determined to attack us. And now, do we need the government when there is a financial meltdown?

You betcha. All of a sudden, the Republicans are huge advocates of big government coming to the rescue.

Why don't we toss a pair of bootstraps at AIG and see if that does the trick? Oh I see, that's just for poor and middle class people who need a little bit of help. They get the bootstraps and AIG gets the $85 billion government bailout.

So, now that we have basically bought these companies, what the hell are we going to do with them? Is the United States government going to run these companies indefinitely? Is the Bush administration saying that it's a terrible idea for the federal government to provide health insurance to everyone, but it's a great idea to provide other kinds of insurance? Remember, AIG is in the insurance business. Is health insurance the only kind of insurance the government shouldn't be involved in?

I'm for sensible government regulation of these industries, but I believe in capitalism. So, George Bush's socialism is wigging me out. He privatizes the army but socializes the mortgage industry. I understand how this came about, but does Bush have a plan? Do they have any idea how they are going to get out of this business or are they planning on running a quasi-socialist government from now on?

If other industries head south, will Bush nationalize those too? Who has more nationalized companies now -- the US or Russia?

Could George Bush's administration have been any more disastrous? He comes in promising to shrink the size of the government and let free markets reign supreme. He leaves while nationalizing more private companies than possibly any president in United States history. Could there be a clearer indication of the failure of conservative ideology?
http://www.huffingtonpost.com/cenk-uygur/george-bush-becomes-a-soc_b_127006.html

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[Outpost007]

Keith Olbermann....ur the best!!

[jinjin16]

John McCain Yeeeeehaaaa! Bomb Bomb Bomb Bomb Iran. USA! USA! USA! America is the BEST. Yeeeehaaa!

Everyone outside the USA need maps so they can find where and how great the USA is. Our fundamentals our strong.

WTF!

[gunsandbullhorns]

John McCain, Barack Obama, and Paul Krugman. It doesn't get any worse than this.

[jgrab1]

Idiot, the government has been printing thousand dollar bills for over a hundred years. In fact, they have printed denominations up to $100,000 (with Woodrow Wilson on them). They just don't circulate everyday, they are for transfers between banks.

Get a clue before posting.

[kreskinkun]

Speaking of Ron Paul, the guest said no one on the Republican side warned about the housing bubble, and I'm pretty sure Ron Paul has talked about it a few times. Of course, he's considered so fringe on the right that it doesn't seem to matter and hardly counts as modern Republican sensibility or functioning as party policy.

[ethogenic]

/watch?v=P1qOMCBLIB0

[jfcrow1]

The Government just announce they will start printing a $1000 dollar bill. Here comes hyperinflation!

[dar4liberty]

No matter how he spells his name - he is the most biased commentator on TV. We never see an opposing view - they just come on, read the script and blame Bush. Everyone should call their Senators and ask them to join Senator Shelby in resisting the rush to bail out the crooks. We need to know why the people who chaired the oversight committees of Fred and Fan (Barney Frank and Chris Dodd)took a lot of lobbyist money and did NO OVERSIGHT! NO HEARINGS- NO MONEY for bail!

[ITILII]

The value of the dollar since 1913, when the un-Constitutional, privately owned Fed was manipulated into place, has dropped 97%..yes the 1913 dollar is worth 3 CENTS now, you're better off buying toilet paper and other staples while you can, wake up people and don't let the bastards win !

[ITILII]

first of all it's spelled Olbermann, secondly his criticisms of Mc Cain and Gramm are correct. You are correct in that both Obama and Mc Cain are OWNED by the puppetmasters, who don't give a damn about the people of American, or any other country. Ron Paul made a lot of sense in talking about the Constitution, apparently he's one of the few politicians who not only read it, but understands it and wants to run our country accorcing to it

[paulp1021]

The future of the dollar is already toast. So the $20 you're carrying in your pocket today is really worth $17.25. Soon, the US currency is going to be worth as much as used toilet paper.