So Fannie May and Freddie Mac with their massive debt load are now being put into “conservatorship.” Or, in other words, nationalizing a huge part of the financial sector. Big Government, anyone?

the day after the Republican convention, which included countless attacks on big government, the Republican administration goes out an nationalizes a major industry. It will probably be done in the corporate welfare style typical of American government–privatize the profits, socialize the risk–but it is still nationalization.

Voters, Democrats, Republicans, Independents, Conservatives, Moderates, Progressives, Greens–everyone is in favor of “big government” moves like nationalizing the mortgage industry now. And yet, all of those same people keep talking about how terrible big government is, and how we need to stop it. It is massive national lie. It is as though the entire country is a homophobe who is actually a closeted homosexual. It is as though the Emperor has no clothes, but now the entire nation has decided to dress to match.

Nationalization of the Mortgage Industry

This is an enormous mess and McCain/Palin and the entire Bush gang should be pounded relentlessly about it. Not that it was done, which most economists say must be done, but that the mortgage mess happened on the GOP watch, and as Bowers says above, they continue to scream about big government and then grow it to suit their purposes, thinking we won’t see. They are talking as usual through their hats (euph) and think we won’t notice the smell.