24 September 2008

Dear Senator Bunning

As a lifelong (and third generation) Phillies fan I have fond memories of Fathers' Day 1964 but before you make any more pronouncements about the alleged socialism of the proposed bailout of America's mismanaged financial sector I suggest that you revisit your Political Science 101 texts; assuming you ever took Political Science.

Socialism is public ownership for the good of the many. This is public ownership for the good of a very few.

Socialism is income redistribution from those with significant resources to those without significant resources. This is income redistribution from those without significant resources to those with considerable resources.

This is not socialism; this is naked theft. It is the formalisation of the kleptocracy that unrestricted capitalism is anyway.

Time to hit the books Jim.

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