Prickly City by Scott Stantis for June 18, 2009

But no, we’re not moving toward socialism. Nope. Not at all. That’s Obama’s story and he’s sticking with it.

I’m confused, two names stand out during current times: Friedman and Keynes. So I guess Friedman is favored by the pubs?

In other news, the banks are beginning to pay back the TARP funds, about $68 billion so far, plus 4% interest. So, the bailout helped keep the banks solvent, the government investment made a multi-billion dollar profit, and we don’t “own” any of the banks. Somewhere Milton Friedman is getting pwned.

The banks have been wanting to pay back the TARP funds for months, and have only now received permission to repay. They were forced to take the money and forced to carry the debt against their will.

No, we don’t “own” the banks we only use government power to force them to do our bidding. And no, pschearer, that’s not socialism – it’s fascism.

There is a rumor that the monies that the banks have borrwed won’t be going to the treasury but to re-applied for other uses. I don;t have a confirmed scource and I have some reservations regarding this post.