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Obama's Bailout
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To
05/07/2011 10:41:36
Mike Cole
Yellow Lab Technologies
Stanley, Iowa, United States
General information
Forum:
Politics
Category:
Other
Title:
Miscellaneous
Thread ID:
01517266
Message ID:
01517313
Views:
50
>>>That's under the assumption that throwing money at the problem wasn't a stupid idea in the first place, which was being shouted by most fiscal conservatives.
>>
>>
>>From some things I've read, the bailout and initial stimulus may have very well saved the entire world from financial collapse.
>>
>>Some argue the prolonged recession is because the stimulus package didn't go far enough (the fiscal conservatives put a cap on it).
>>
>>For the sake of argument, maybe we would have been better of with no bailout and no stimulus.
>>
>>The point is, we'll never know.
>>
>>Like you though, I hate the massive debt we're piling up.
>
>If we're going to be a capitalistic society, we need unhindered capitalism or we're just playing a stupid charade.

Mike, you're a smart guy, but do you truly not understand the downside of untrammeled capitalism? These guys, left unchecked, are no better than wild pigs. I am not saying let the government run everything. I never have. There just needs to be a counterbalance to greed. When they get so greedy they are willing to run us all off the cliff, yes, the government needs to intervene.
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