Quote:
Originally Posted by tony
I need some financial minds here to help me through this, but I don't understand the need for the bailout. I need Bailout Explanation 101.
- Why wouldn't we let the capitalist system work here?
- Why not let those who did business wrong fall by the wayside?
- Why not let market forces take their course?
- Why does an officer of a failed or failing company get a bonus or severance of any kind?
I swear, though, I don't want a politically partisan explanation. I'm looking for answers on why we have to bail them out for, I betcha, more than a trillion dollars when its all done. I really don't understand this. |
This is absolutely the WRONG thing to do for America. Yes, there will be some who have tragic situations for whatever reason. However, let the free market work and get government out of there. We will not have a crash, but it will get bumpy as the markets right themselves. What these politicians should be doing is retracting some of the deals signed by past presidents.
You know, think about it -- these folks who are not economists are telling us we need this. No THEY need this. And why does this have to be done under cover of night so to speak. Nobody will be about to read what exactly this bailout is covering (not even them) and the American people once again are bamboozled. Even now coming out are leaks as to Laraza and ACORN getting money. There are even illegal aliens being bailed out through sub prime loans with names on the deeds that are not even their own. Is your head spinning!!! Mine is. I'm frustrated at this bunch of fools we have running our precious government who now are quashing free markets, and taking away our liberties. Aside from everything, anything done this fast should be suspicious to all of us.
God help those now that are working to prevent this bailout from happening.