I don't know but I'd rather know than stay unknown. How much more foreign policy experience does Obama have?
So... Their for the Bailout's that's going to crash the U.S Economy? Ohh my my. Can I see the debate or any supporting evidence?
The bailout is designed to help the economy, not hinder it. The banks closing would definitely crash our economy much harder than the bailout ever would from the way I see it. http://www.ctv.ca/servlet/ArticleNe.../bailout_deal_080928/20080928?hub=CTVNewsAt11
Hm, thats what they tell you. What they didn't tell you is where on Earth do they get this money? For every doller they give them, Everyone's value of doller drops Dramaticly. So the Bailout isn't helpful and it isn't designed to help us either. While I do see why it'll help support the economy, It'llonly support with rainclouds. Eventually, they rain out and it'll go straight into the ground. It'll land on pillows, but point is they land on the ground either way you look at it. edit: 700$ billion is TONS OF cash. Did they really inject money in-there? http://www.forbes.com/home/2008/09/23/bailout-paulson-congress-biz-beltway-cx_jz_bw_0923bailout.html
There's something i want you to know and I want you say it with a straight-face because it's impersonating my face without actually impersonating my face! "Sad-faaace"
Pretty much. The thing is though, most of the business/economics analysts over here say the situation will at least be less fucked if the bail-out goes ahead. Consensus seems to be that if nothing gets done the whole world could be in for another depression. Government dithering extended the crash in '29 and pretty much jump-started the Depression. It wasn't until '32 that Roosevelt's New Deal came in and the world economy actually started to recover. It might be morally wrong to bail out the big banks and let the bosses get away with starting this whole mess, but sometimes morals have to be sacrificed to prevent something this serious.
Thats basically the way I see the bailout. Morally, it is the wrong thing to do, but the situation will be much worse if we dont do anything.
The Bush Administration should never have waited this long to try to put a plan like this into effect to begin with. It seems like he's just trying to do something "good" before he finally leaves office after eight years of destroying the economy worse than it was when he took office in the first place.
That might be true, but the bill still should have been passed. Like I said, it might not be the moral thing to do (regarding both the bank bosses and Bush), but when the alternative is the possibility of a world recession or even depression, I know what I'd prefer.
I'm not saying it was a bad idea. I think it should've passed as well. But the Administration probably hurt itself by not doing something like this much sooner, before half the banks in the U.S. went bankrupt.
I'm glad this plan failed and I hope it continues to fail. This country has been spoiled by bad government and greed for far too long and this bailout would only extend ii that much longer. Dont blame Bush, dont even blame Clinton because most every one of us are to blame for trying to get by on credit. Splashing the economy with paper money makes the dollar weaker and only serves to poison our economy. That does not work over the long haul and maybe if we all experience a little hardship then we will come out of this a better country, a better people and a better society. The plans of the 1930s do not work in the 1990s and this century. Even a lackey economist such as me knows this.
I'm not a supporter of totally wrapping people in cotton wool, but don't you think that's a bit harsh? The people that will suffer aren't the executives and CEO's that caused this mess, but the working people. It might not be smart that people are trying to live beyond their means, but would you really want to see something akin to what happened in the 1930s?
I think we are, because akin to the 1930's, we learned our lesson on bad-spending and blah blah you know? Perhaps, this generation will learn about how to wisely use cash, as it controls us.
Sucks for me, who has a very large portion of money tied up in Merill Lynch, which is close to closing apparently. Thats where my trust fund is.