Did you support the bailouts? Still support the bailouts?

T

tinfoil

Banned
http://www.rasmussenreports.com/pub..._say_government_bailouts_were_bad_for_america
If you answered yes to the thread title:
You must be one of the dreamers. The world needs dreamers, so don't feel too bad. But you should really recognize that your understanding is lacking when it comes to the scams of the financial uber-class. Don't support things you don't understand. Stop accepting the word of your chosen authorities on its face value. Investigate a little. I know you don't like math, but it's important to learn math if you want to understand financial criminals
 
tinfoil said:
http://www.rasmussenreports.com/pub..._say_government_bailouts_were_bad_for_america
If you answered yes to the thread title:
You must be one of the dreamers. The world needs dreamers, so don't feel too bad. But you should really recognize that your understanding is lacking when it comes to the scams of the financial uber-class. Don't support things you don't understand. Stop accepting the word of your chosen authorities on its face value. Investigate a little. I know you don't like math, but it's important to learn math if you want to understand financial criminals
Click to expand...

I still support the GM bailout. I will require parts for my Blazer, sooner or later, and the first snow flakes fell yesterday. And let's not forget our Union Brothers. :)
 
apple0154 said:
I still support the GM bailout. I will require parts for my Blazer, sooner or later, and the first snow flakes fell yesterday. And let's not forget our Union Brothers. :)
Click to expand...

I dont think one can really give an unequivacable response to this.
Let's, for a start, ditch the term 'bail-out' and substitute instead 'assistance'. Now some banks and some companies should have been allowed to sink or swim by their own devices. We move on, markets evolve, the market for horse drawn farm carts is not the same today as it was a hundred years ago.
GM were failing so what alternatives were there? Let it sink? Break it up? financially assist it? In this case there were other providers of similar products with better governance so GM should have been allowed to break up or go under. Major banks. Not the same at all. Money supply is the key to a healthy economy, (yes, I know that sounds obvious) but we were always taught, and we always taught sales staff, never give without getting. The carrot should have been offered but very tight controls should have been the price paid. No more socially unacceptable bonuses or benefits. A ready supply of funds to lend businesses and strict supervision by the lender of the money - that's you.
This was an opportunity for your government and ours to reverse the obscene growth of the wealth gap. This was the opportunity to put right all those sharp practices, all that greed and arrogance. Instead we said that these poor, poor millionaires could not be allowed to lose money so we continued to wring the disadvantaged bodies of the poor for the last penny.
Now the 99% are beginning to stir. Too bloody late. The Occupiers may be well intentioned but most are too young to remember Germany in the 30s and most didn't even learn about the great depressions of 1928 and 33 (?).
Now everyone is crying while the Kochs and the Bloombergs PAY the various administrations to send armed police to move this 'scum' out of our city centres. City centres, incidentally, that these billionaires only visit in the back seats of their Rolls Royces, their windows tinted to keep out the glare of their own conscience.
 
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