@Zahlanzi saidYou are correct. Read and learn, of course. Personally speaking, I am a right brain guy, so could never absorb all the facts and figures. That's why I did not read the article, I get my knowledge differently. May I reiterate, I posted it simply to show you fellers that there is no cut-and-dry fact that you seem to present. Many minds, many opiinions.....3 hours worth!!
Do you want some praise for, yet again, proudly saying you want to stay ignorant and dumb?
"it would take 3 hours. Rather, I am saying such articles are all over the place with opposite points of view."
yes, dumbass and that's why you read as much as you can, see where they contradict themselves, check sources. Being educated takes an effort
That's why you elected ...[text shortened]... lionaires get while the deficit you screech so much about when democrats are in charge gets blown up
@AverageJoe1 said"That's why I did not read the article, I get my knowledge differently"
You are correct. Read and learn, of course. Personally speaking, I am a right brain guy, so could never absorb all the facts and figures. That's why I did not read the article, I get my knowledge differently. May I reiterate, I posted it simply to show you fellers that there is no cut-and-dry fact that you seem to present. Many minds, many opiinions.....3 hours worth!!
I know, you get it through osmosis while submerge into a Fox news septic tank.
Stay ignorant, you sexy beast
@Zahlanzi saidNo, actually other sources. FOX is for entertainment and current events, like Chicago Mayor and Illionoiis Governor ON VIDEO! saying and acting like they do. FOX is the best place for on-the-spot real-time coverage of wht is going on right now. There is no better source for that.
"That's why I did not read the article, I get my knowledge differently"
I know, you get it through osmosis while submerge into a Fox news septic tank.
Stay ignorant, you sexy beast
If the Illinois notables say they have no crime (78 shootings this weekend) and they say it personally, on video, that is current news. Do you know a better source?
Also, every time I turn on FOX< they have a live intereview with many of our leaders, cabinet members, everybody. CNN et al cannot get that because they are liberal stations.
I tell you where you can learn common sense, though. From me, right here in this post. Do you even get that it is all current, and the other media just sit around those tables and Talk To Each Other.
@Phranny
Yes, phranny, it's far better to do what Obama did - give $100 Billion to various Wall Street bankers
and end up with 0% of the businesses.
@Earl-of-Trumps said2008–2009 Bailouts: The big bank rescues happened under President George W. Bush in late 2008 through the Troubled Asset Relief Program (TARP). Barack Obama took office in January 2009, by which time a portion of that money had already gone out the door.
@Phranny
Yes, phranny, it's far better to do what Obama did - give $100 Billion to various Wall Street bankers
and end up with 0% of the businesses.
How it worked: Treasury injected money into banks by buying preferred shares and providing loans. The idea was to stabilize the financial system during the 2008 financial crisis.
Repayments: The vast majority of the big banks (like Goldman Sachs, JPMorgan Chase, Bank of America, Citigroup, etc.) did repay their TARP funds, with interest and dividends. In fact, the government earned a profit from the bank portion of TARP.
Where money was lost: Losses mainly came from bailouts to automakers (GM, Chrysler), insurance giant AIG, and housing-related programs like foreclosure relief—not from the major banks.
👉 So, to answer directly:
Obama did not “give” money to banks that was never paid back.
The banks that got TARP funds repaid them (with profit to taxpayers).
The government’s net losses from TARP came elsewhere, not from banks.
@Phranny saidvery nice.
2008–2009 Bailouts: The big bank rescues happened under President George W. Bush in late 2008 through the Troubled Asset Relief Program (TARP). Barack Obama took office in January 2009, by which time a portion of that money had already gone out the door.
How it worked: Treasury injected money into banks by buying preferred shares and providing loans. The idea was to stabil ...[text shortened]... (with profit to taxpayers).
The government’s net losses from TARP came elsewhere, not from banks.
now, how much money is Trump costing the US with his purchase of 10% of Intel?
likely, the US will *make* money
@Earl-of-Trumps saidIsn't that how China, a communist country, makes money? They either own a corporation outright or demand a share of a private corporation. What happened to the idea of capitalism and the free market?
very nice.
now, how much money is Trump costing the US with his purchase of 10% of Intel?
likely, the US will *make* money
2 edits
@Phranny saidAh, China, the land of many $billionaires:
Isn't that how China, a communist country, makes money? They either own a corporation outright or demand a share of a private corporation. What happened to the idea of capitalism and the free market?
According to Forbes' April 2025 report, China has 450 billionaires. However, other reports provide different figures: Voronoi.com stated China had 814 billionaires according to the Hurun Global Rich List 2024, and Investopedia cited 516 billionaires in their 2025 report. The number of billionaires varies by source due to different methodologies, such as the wealth thresholds used and the inclusion of specific regions like Hong Kong and Taiwan
The Chinese government giving startup cash to businessmen is the very reason why China is no longer a communist country.
Seriously. What China practices today is the book definition of capitalism.
@Earl-of-Trumps saidWhile China is officially a communist state led by the Chinese Communist Party (CCP), its economic and social systems have undergone significant changes that distinguish it from traditional communist ideology. Experts and international bodies recognize the complexity of China's system, which blends authoritarian one-party rule with a largely capitalist economy.
Ah, China, the land of many $billionaires:
[i]According to Forbes' April 2025 report, China has 450 billionaires. However, other reports provide different figures: Voronoi.com stated China had 814 billionaires according to the Hurun Global Rich List 2024, and Investopedia cited 516 billionaires in their 2025 report. The number of billionaires varies by sourc ...[text shortened]... er a communist country.
Seriously. What China practices today is the book definition of capitalism.
Political structure: A one-party Leninist state
Monopoly on power: The CCP, which has over 100 million members, maintains complete control over the country. Its leading role is enshrined in the constitution, and it dictates policy across all areas of life, including government, military, and law enforcement.
Authoritarian control: National leaders are not freely elected, and political opposition is suppressed. The CCP tightly controls the media, internet, and all forms of dissent to maintain social stability.
Tightening control under Xi Jinping: Since 2012, President Xi Jinping has consolidated personal power and increased the party's control over the state bureaucracy, media, and civil society, with some observers calling it a "pivot to the state".
Economic system: State capitalism
Market-based economy: Since reforms in the late 1970s, China has transitioned from a command economy to one that is largely market-driven, relying heavily on private enterprise and foreign investment. In 2024, the majority of the country's GDP was generated by the private sector.
State-owned enterprises: The government still controls strategically important state-owned enterprises (SOEs), but many of these are also run for profit and are becoming more privatized.
Economic liberalization, political repression: This combination has been described by many Western observers as state capitalism, where a market economy exists within the framework of an authoritarian political system.
Ideological evolution
"Socialism with Chinese characteristics": The CCP refers to its system using this term, a pragmatic interpretation of Marxist theory that accommodates market economics.
Adapting the narrative: While traditional Marxist principles remain a foundational element, the party's ideology has evolved over time to incorporate new layers of thought introduced by its leaders. Under Xi Jinping, this includes a renewed emphasis on Marxist-Leninist nationalism.
Legitimacy and identity: Maintaining a communist label is a way for the CCP to assert its continued legitimacy, but for many inside and outside the country, the reality on the ground is more aligned with authoritarianism and state control than with the egalitarian principles of traditional communism. (AI)
I visited China in 2010. Young college students often stopped me to chat in English. They said frequently their country's economy was a blend of communism and capitalism.