BloggeRhythms

Watching news shows this morning, getting the daily update on the latest flaws in the health care tax, it occurred to me that I couldn’t think of a socialist nation that ever succeeded in any way, except for the ruling elite.  

As I considered the issue further, I thought of asking the incumbent when he thought things would finally improve for the 50% of folks suffering economically here. But I couldn't reach him whereas he’s in Hawaii playing golf. 

And then it dawned on me that perhaps I was looking at the subject from the wrong angle, due to my limited knowledge of political theory. Because a few minutes later, I came across an article on Drudge by Mark M. Meinero of CNN Money who wrote that : 

“U.S. automaker Chrysler will become fully owned by Italy's Fiat under terms of an agreement announced Wednesday that also involves the United Auto Workers union. 

The agreement comes more than 4-1/2 years after the Obama administration brought Fiat in to keep Chrysler in business as part of a packaged bankruptcy proceeding.  

The U.S. government also held a stake in Chrysler at the time it emerged from bankruptcy as compensation for the federal bailout the automaker received. But Treasury sold those shares back to Chrysler at a loss in 2011.” 

In all, Chrysler Group received $10.5 billion in bailout funds, returning $9.2 billion in all, ultimately costing taxpayers $1.3 billion to save employee's jobs which numbered 55,687 as of December 2011. 

So, I guess now I know how socialism works. 

Government steps in and spends taxpayer’s funds to save troubled businesses. And then it helps them rebuild to profitability to be later sold to another nation at a loss. Which means, I suppose, that when the administration turns health care around financially, they’ll sell the system to nations like Venezuela or Cuba or perhaps, give it to them for free. 

That’s it for today folks. 

Adios