General Category > General Discussion
$700 billion bailout
Ulli:
Brian, the gouvernment should stay out of the private economy. Perhaps they mean well, but this is the first step to socialism. :-(
AsheDina:
G-d
I AM SO MAD about this- I COULD SPIT! SPIT AND SPIT!!!!! :nono: NO NO NO NO NO NO NO NONNNNNNNNNNNNNNO money for BAD behavior!! This is like giving a BAD rotten evil kid a reeses after he spit in his moms face- GRRRRRRRRRRRRROWL.
briann:
--- Quote from: Pheasant on September 25, 2008, 03:23:37 PM ---Brian, the gouvernment should stay out of the private economy. Perhaps they mean well, but this is the first step to socialism. :-(
--- End quote ---
People just dont like depressions. Thats why EVERY country... even the most libertarain COUNTRY has a central bank that does the exact same thing that we do. Hong Kong, European countries, every country does this. but.. its more complicated this time around... since this crash dealt with Mortgage backed securities... unlike previous ones... and thats why this bailout had to be crafted differently.. and it comes accross as an 'evil' deal with the government.
Trust me you guys... I dont want everyone to be lock-step in agreement with the Paulistinians about this. I am a fiscal conservative about every industry EXCEPT this one. The banking industry does NOT work like others.
If you guys really want to learn about this.. take a money and banking class, or an economic history class (I used to teach one). You will understand why EVERY economist knows that this HAD to be done. I truly hope that the greedy, stupid leadership of the banks and the government that intervened with FNMA and FreddieMA are given nothing... and preferably.. Id like to see them do some jail time... but again.. the damage has been done... and if we ignore it... we will all find yourself in the most horrific economic environment that you can imagine.
Brian
RationalThought110:
--- Quote from: Paulette on September 25, 2008, 03:26:07 PM ---G-d
I AM SO MAD about this- I COULD SPIT! SPIT AND SPIT!!!!! :nono: NO NO NO NO NO NO NO NONNNNNNNNNNNNNNO money for BAD behavior!! This is like giving a BAD rotten evil kid a reeses after he spit in his moms face- GRRRRRRRRRRRRROWL.
--- End quote ---
http://michellemalkin.com/2008/09/23/kill-the-bailout-newt-gingrich-gets-on-board/
P J C:
Do I smell Socialism?
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