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I always feel like American politicians are taking shots at me as a Canadian because we have a nationalized Health care system and the US is this great and unfettered free market. One of the real problems with not nationalizing some services is that the free market has to look at profit even when it hurts people. I know Adam Smith may be right but not always.
So I had to laugh a bit this weekend when I saw that the US Government is stepping in to the US mortgage markets big time by seizing control of Freddie Mac and Fannie Mae and therefore nationalizing the mortgage markets. Again I know that this is important but I also sure hope that it is a sign that the US is going to take it’s people at least as seriously as the big shots running the big industrials and the banking sector in the stats.
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