SOCIALISM, OR CAPITALISM WITH A HUMAN FACE?

Walking down SoHo one cannot ignore two things, the number of closed or closing stores and the number of empty stores with the shopkeepers in the front smoking or looking sad. We saw the manager of a large furniture store bending over behind a ledge and spying on another furniture store across the street because they seem to have a customer who was buying a few pieces.

Certain stores are still busy. Mac stores seem to not have been affected by the economic downturn. How long is it going to take for them to see a slowdown? Would they ever experience such a thing? We shall see.

Markets are up, well hovering around 9000, still 5000 points down from the peak of October 2007. the volitality of one day up and next day down, rather than showing a progress in the market, points to massive selling and the change of hands in the American capitalism. Banks have received bail out money, but they are unwilling to lend. Rather, they buy governmnent bonds and securities to flipm for short term profit. That was not the aim of the bail out. Watch out for a complete banking nationalization under Obama. he certainly can't talk about it right now, but every time he says that he is going to make sure that the middle and working class get something too I think of nationalization. Poor McCain and Plain are actually telling the truth about socialism.

The other day on the view the question of socialism came up and surptisingly, three out of four women agreed that America needs some kind of socilism. Woddy even said for Capilatism to work properly we need a level of socialistic programs. I could not believe what i was hearing. The following night in a bar, a group of healthcare workers cheered their jagger shots for communism. Is America really warming up to collectivism? Or they like to see capitalism with a human face? We shall see soon. Very soon. Tomorrow.