Better Red...

"America is more communist than China is right now. You can see that this is welfare of the rich, it is socialism for the rich... it's just bailing out financial institutions,"

Jim Rogers, the commodities investor, on CNBC Europe.

Brothers and sisters! The hour of victory is at hand! Our oppressors are on the run now that Fannie Mae and Freddie Mac have been expropriated by the state.

The mortgage finance monopoly has been freed from the tyranny of the global market, with its shocks and disequilibriums. No more will it be terrorized by speculators, the leeches of capital, and by the short sellers, the nattering nabobs of negativity.

Now the working class's tools for housing will be rightfully returned to the people's representatives in Washington, where they were created during those glorious anti-fascist days of the 1930s.

All power to Hank Paulson and the political vanguard of the Goldman Sachs splinter sect!

Indeed, our comrades in Beijing have saluted their Republican fellow travelers:

"From my point of view, I think this is positive," the governor of the People's Bank of China, Zhou Xiaochuan, says of the takeover.

But the struggle is far from over. The bubble created by the speculators still threatens the surplus value of the capital owners. The government must seize the initiative and liberate all the oppressed.

Listen, brothers and sisters, to the the teachings of Comrade Bill Gross:

"if we are to prevent a continuing asset and debt liquidation of near historic proportions, we will require policies that open up the balance sheet of the U.S. Treasury -- not only to Freddie and Fannie but to Mom and Pop on Main Street U.S.A., via subsidized home loans issued by the FHA and other government institutions."

Let a thousand bailouts bloom!

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