X-Message-Number: 31455
Date: Mon, 9 Mar 2009 06:25:25 -0700 (PDT)
From: Phil Ossifur <>
Subject: ------------------THE CLASSICAL VIEW-----------------------

Say `No' to Bank Nationalization
and Mussolini-Style Fascism,
`Yes' to Humanity

by John Hoefle

http://www.larouchepub.com/other/2009/3609no_bank_nationalization.html


Feb. 27aC”The debate now raging across the United States over whether or not to 
nationalize the banking system is largely a fraud. The idea that the U.S. 
government would step in and run the banks is ludicrous, since the government 
lacks the guts to even regulate the banks, and has been reduced to impotently 
throwing money at them in the hopes they will behave better....


This descent into fascism, a feature of the Bush/Cheney years, is a virtual 
replay of the attempt to impose fascism in the United States in the early 1900s 
(see last week's EIR). That attempt was defeated by President Franklin D. 
Roosevelt, but it remains to be seen whether President Obama will rise to that 
level....


The U.S. government and the Federal Reserve have already handed out trillions of
dollars in loans, stock purchases, guarantees, and outright gifts to bankrupt 
financial institutions, accompanied by all sorts of optimistic statements that, 
this time, it will work. Yet the economy continues to collapse. ...


We must deal with our financial problems, putting the financial system through 
bankruptcy, but that is just cleaning up the mess. The real solution requires 
rebuilding our productive base at the highest technological level, using Lyndon 
LaRouche's science-driver approach: large-scale building of nuclear power plants
to provide the power for the recovery, maglev trains to deal with our 
transportation gridlock, water projects to cope with droughts, the greening of 
deserts. It is all possible, all feasible, all availableaC”and, absolutely 
necessary.

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