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- Hammerhead Garage
I am still baffled as to how Bill's record of infidelity has anything to do with Hillary's ability to run the country. Unless you're like @DR_SID and think that utter misogyny is the order of the day.I guess that justifies Clinton's record of unfaithfulness completely then. Glad we cleared that up.
So you would prefer Option B, then, where private institutions are free to charge whatever interest rate they like?If you're anywhere close to minimum wage you can't afford a home purchase so A isn't an option for me.
The example that I gave was, admittedly, a simplification, but I was not trying to prove a point about econonics; rather, I was trying to demonstrate that socialism, communism and liberalism are not the same thing as DR_SID claimed them to be.
However, I did draw on the banking analogy for a very particular reason: in the 1940s, we had a Prime Minister, Ben Chifley, who introduced wide-ranging reforms, including the forerunner to the Pharmaceutical Benefits Scheme (which makes prescription medication very affordable). What caught him out was his attempt to nationalise the banking system. He knew that our pre- and post-war economies would be radically different, and was concerned that a system of decentralised, privately-owned banks would make loans unaffordable to most people. The conservative opposition under Robert Menzies successfully argued that because Chifley was a socialist, he was therefore a communist, and created enough fear of that that they spent the next two decades in power.
Ironically enough, Menzies' greatest legacy was getting us involved in Vietnam (and misleading the public to do it), whereas Chifley's legacy and the legacy of Gough Whitlam (who succeeded Menzies) is one of successful widespread social reform that shaped the modern face of the country. Hardly the socialist vampires DR_SID would have us believe they are.