LiveVideo.com - The World is Watching

Posted Oct 5, 08 by papadizi
i have no money problem.
no credit card, no bank acount, no savings
onely 237 goats. simple life is the best

Posted Oct 4, 08 by urnow
There is no drawing board...its scripted>
See series of 13>

Posted Oct 1, 08 by LandS
The U.K is suffering from a credit crunch at the moment and it's not only the uk that is suffering but also Europe as imports of Vegetables and fresh farm products are costing more to export. I should of seen it coming the government have been ripping more...

Posted Oct 1, 08 by freedomnews
Send me a video. As I said in the Invitation, you don't have to be an American to participate, as the market meltdown is global. Thanks for watching.

Posted Sep 30, 08 by FireandIce
great ideal makin sure it gets around

Posted Sep 30, 08 by radiokellia
Thank You.

Posted Sep 30, 08 by SillyLeslie
What I would like to see is appropriate regulation of the market so that greed and thievery by corporates executives cannot run rampant. I would like the bail out to provide help to people who are loosing their homes, not more $ going to the fat cats. more...

Posted Sep 30, 08 by freedomnews
Say that in a video!

Posted Sep 29, 08 by Colin

The free market preachers have long practised state welfare for the rich
Bailing out banks seems unprecedented, but the US government's form in subsidising big business is well established
All comments (8)

* George Monbiot
*
o George Monbiot
more... o The Guardian,
o Tuesday September 30 2008
o Article history

According to Senator Jim Bunning, the proposal to purchase $700bn of dodgy debt by the US government was "financial socialism, it is un-American". The economics professor Nouriel Roubini called George Bush, Henry Paulson and Ben Bernanke "a troika of Bolsheviks who turned the USA into the United Socialist State Republic of America". Bill Perkins, the venture capitalist who took out an ad in the New York Times attacking the plan, called it "trickle-down communism".

They are wrong. Any subsidies eventually given to the monster banks of Wall Street will be as American as apple pie and obesity. The sums demanded may be unprecedented, but there is nothing new about the principle: corporate welfare is a consistent feature of advanced capitalism. Only one thing has changed: Congress has been forced to confront its contradictions.

One of the best studies of corporate welfare in the US is published by my old enemies at the Cato Institute. Its report, by Stephen Slivinski, estimates that in 2006 the federal government spent $92bn subsidising business. Much of it went to major corporations such as Boeing, IBM and General Electric.

The biggest money crop - $21bn - is harvested by Big Farmer. Slivinski shows that the richest 10% of subsidised farmers took 66% of the payouts. Every few years, Congress or the administration promises to stop this swindle, then hands even more state money to agribusiness. The farm bill passed by Congress in May guarantees farmers a minimum of 90% of the income they've received over the past two years, which happen to be among the most profitable they've ever had. The middlemen do even better, especially the companies spreading starvation by turning maize into ethanol, which are guzzling billions of dollars' worth of tax credits.

Slivinski shows how the federal government's Advanced Technology Program, which was supposed to support the development of technologies that are "pre-competitive" or "high risk", has instead been captured by big businesses flogging proven products. Since 1991, companies such as IBM, General Electric, Dow Chemical, Caterpillar, Ford, DuPont, Ge less

Posted Sep 30, 08 by SillyLeslie
Government funded corporatism is fascist, not socialistic.

Posted Sep 29, 08 by radiokellia
Government subsidies are only communism and socialism when they are meant for the poor and the small.