Capitalism is good for the rich, socialism is good for the poor, communism is good for those in power. I remember a song by Tennessee Ernie, "Ford Sixteen Tons". About a coal miner that had to rent his home and buy his supplies from the company store. The company charged more for rent and supplies than he could get elsewhere and therefore was always in debt to the company, which amounted to slave labor. This was capitalism in the United States with no laws against it. Capitalist ran congress. Bought and paid for with gifts, bribes, and coercion. Not much has changed. Workers formed unions and and at the risk of their and their families lives refused to work unless certain needs were met. We can thank the various unions for many of the perks we now have, paid vacations, sick leave, retirement benefits, health insurance, eight hour days, etc. All these perks and government taxes forced capitalists to look for other ways to make more money. They moved their companies out of the country. Foreign workers were happy to work for a few dollars a day and foreign governments were happy for the taxes they received. American capitalist were again making far more money. American workers were out of a job. The United States government lost tax money. Actually capitalist don't pay taxes, they are pasted on to the buyer.

This brings me to the bail out George W Bush created. This bail out wasn't to protect the economy, it was to protect the rich. That's why there was no over site. They didn't want to know were this money was going.

If the banks failed, who would be hurt? Not the poor, they don't have much if any money in the banks. What they do have is protected with the FDIC. Same with the middle class. They are protected up to $100,000.00.

Like Regan's trickle down theory, the rich would take the biggest losses and it would trickle
down to the poor. With the bail out the money could be used any way the feds wanted, even to the rich of foreign countries.

I haven't read Obama's stimulus package but I'm not convinced that is any better. I'll read it and post my view later.