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Wednesday, February 18, 2009

Like that will happen

This article talks how Obama and some republicans are talking about using the Swedish model when it becomes to banks. The banks in trouble will be "bought" by the government and controlled until they are financially "viable", then they are sold on the open market.

Barack Obama, the president, who has tried to avoid panicking lawmakers and markets by entertaining the idea, has moved more towards what he calls the “Swedish model” – an approach backed strongly by Mr Graham. In the early 1990s Sweden nationalised its banking sector then auctioned banks having cleaned up balance sheets. “In limited circumstances the Swedish model makes sense for the US,” says Mr Graham.


Here is the thing. When has the government ever given up something that they have control over. I have come to realize that Government, and probably all governments, are like the monster, the Blob. They grow and consume everything they can until someone finds a way to control it or kill it. You may be able to control it for awhile or even make it smaller, but it, like all life struggles to grow.

2 Comments:

Blogger Jar(egg)head said...

Somebody pour salt on Obama and see if he melts.

08:12  
Anonymous Anonymous said...

“Well, in order to qualify for this mortgage you will need to purchase and install this [insert $20,000 inefficient renewable energy contraption].”

09:56  

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