The bailout of Fannie Mae and Freddie Mac is nothing if not complete proof that the good old US of A is a socialist country.  But let me modify that, a National Socialist country.  There is a difference, which I will get into below.  First, Georgie and his henchmen have just bailed out a load of corrupt businessmen and placed the bill at the taxpayer’s feet.  This is the same Georgie who has spent more of our money indiscriminately than any other President in history, and has run up the greatest debts of any President in history.  And somehow he still has supporters and they still consider themselves conservatives.  I have asked before and I must ask again, “What are they conserving?”  The only thing I can see that they are conserving is the war machine and their corrupt friend’s money.  The one thing they are not doing is serving the people of this country.  They never have.

National Socialism is a totalitarian, expansionist, military state, which sponsors corporatism.  If that doesn’t describe America right now I don’t know what does.

But there is more to the story.  There are deeper levels to the Fannie/Freddie bail.  As this country gets deeper and deeper in debt we have to borrow money from someone.  As it so happens we currently borrow the most from the nation from which we also buy the most: China.  And that borrowing is arranged through bonds issued by Fannie/Freddie.  So, if these two government props were to fail, as any other market entity that made bad decisions would and should, not only would the housing crises get worse, and all those big-wig gamblers lose their backsides, but Amerika would lose its ability to manipulate the ‘trade deficit/spending debt’ tight rope it has been walking for many years.

Do you ever wonder how it is that big business can take chances that small businesses would never consider?  Do you ever wonder how Amerika keeps functioning even as it runs massive spending debts, and massive trade deficits?  Are you curious as to what is so damn important about Fannie/Freddie anyway?

Our omnipotent leaders have coddled a communist country with a terrible human rights record and given them most-favored trade status, just so they could ultimately trade away the jobs of Americans for the ability to borrow funds so they can finance war and empire building with the blood of the children of these workers whose jobs they pawned away.  Then as things get rough and the chickens began coming home to roost, they dropped the interest rates to artificially low levels to stimulate economic growth, the side affect of which is increased risk-taking and financial irresponsibility.  Then, as things get rough and once again the chickens decide to come home, Big Daddy steps in one more time and buys the whole hen house.  But you have to know sooner or later those chickens are coming home.  And there will be hell to pay when they get here.