Government Bail Outs

[maximum]

It used to be in the USA that if you blew your money, only you lost. If a company blew its money, only its customers and/or employees lost. The only way for us to all have to pay for bad decisions was for the government to blow money. Nowadays, however, that same government has decided to find a "middle ground" or to "even everything out"; hence, when companies blow money now, we all suffer, customers or not. They call this a "bail out", and then wonder why we need something called a "stimulus package" :o

 

[Whogister]

I'll give them something to stimulate...
I'm so sick of this crap.

 

[kemjika11]

It used to be in the USA that if you blew your money, only you lost. If a company blew its money, only its customers and/or employees lost. The only way for us to all have to pay for bad decisions was for the government to blow money. Nowadays, however, that same government has decided to find a "middle ground" or to "even everything out"; hence, when companies blow money now, we all suffer, customers or not. They call this a "bail out", and then wonder why we need something called a "stimulus package" :o

If you're ready for things to collapse big time....literally, then i will agree with you, but i don't think you are. THe job losses are getting astronomical, and everyone knows you need $$ to survive in AMerica. I don't think the bailout is a great idea, but if we don't do it, things will get alot worse before they get better, and its already bad enough...

 

[Corey]

this situation was predicted some time ago

shame folks do not understand how an economy works, the government & the bailout.

Cheers
Corey

 

[CyXic]

The bailouts and the stimulus packages only prolong an economic collapse and make it worse. Do you know what the Weimar Republic did after they realized their economy was going to collapse? The government created huge stimulus packages and caused hyperinflation. Their fiat currency was the same as ours in that it wasn't backed by anything and that the central bank printed money out of thin air. That's exactly what the Federal Reserve is doing right now.

You need money to survive everywhere, but the currency is being devalued by these stimulus and bailout packages. The Federal Reserve increased the money supply by 70x since October. Once that money starts to get thrown into the economy, inflation is going to occur. Paul Volcker, who ran the Federal Reserve in the early 1980s, knew that inflation was occuring so he raised interest rates. That caused deflation which resulted in a temporary recession. He didn't make the mistake of printing more money to prolong what was going to happen.

Yesterday, when Obama said that Japan lost a decade because they didn't do anything to help their economy, he was mistaken. Japan spent hundreds of billions of dollars on stimulus packages in the beginning of the 1990s. They came out of their recession after they started saving money and stopped spending money.

 

[DotUSDomains]

Yet all the bosses at these banks are getting bonuses/payoffs into the many millions,

Get rid of these people, send the money into small business loans and at least help someone.

every manager/"boss" of these companies that needs help should be fired on the spot. without pay immediately.

lets be honest , the hard working tax payer is bailing them out, no one else.Were getting screwed, left , right and center, dont ever foget that

Thse folks can still drive bentleys with a chaufer, but small business have to close

Nicely done.

 

[Corey]

money is needed to flow in any economy

 

[GF]

Uh oh... Talk about the economy.

I marked the topic as "heated" - disagree without being disagreeable

 

[Corey]

thanks Galel

Cheers
Corey

 

[maximum]

I'll give them something to stimulate...

Touchy...Touchy:p

Thank you Republicans. Before you knock that go back and see how each one voted.

A huge problem with the American voter (same in alot of places) is that too many blame one party or another (albeit usually justified to some extent), but do not take the time to actually find out how the particular representative that represents their districts votes on particular issues. Yet come next election let the media and outsiders determine who they are led to vote for rather than actually basing it on rather or not the incumbant they are voting for or against actually did them any good last term in office - seeing as how few actually know how that official voted on most issues.

Maximum - This is not the same government.

Correct, it is not. I'm not knocking the Obama administration, or even the current Dem majority held in either the Senate or the House. They are trying to rush to fix in a month what took years to get into the mess it is now, and some could definately argue the solution is not as bad (as sometimes is the case) as the problem it is designed to fix. However, as CyXic points out below, by trying to back the economy based on assets you don't have to begin with, you risk such a collapse (sooner or later all your cards get called, and so do depts) that few places outside civil/internal wars have seen since WWII post-war Germany. You can't throw money into the empty vault that doesn't exist except on paper, because if you do,one day it will not even be worth the paper its printed on. What you don't have, you can't give away.

I don't think the bailout is a great idea, but if we don't do it, things will get alot worse before they get better, and its already bad enough...

You're right, something has to be done. And, Obama's original plan wasn't too bad atleast. Sad thing is we couldn't get one past our representatives fast enough that doesn't contain exactly what Obama and most of us don't want...a bunch of "pork" spending and usesless add-ons. My own district numbskulls were part of this waste and suggested some of the add-ons...Needless to say, I'll recall that next election.

this situation was predicted some time ago

True, but my banker and congressman were out on a yacht together (not paying attention) when that was all on the news and talkshows

shame folks do not understand how an economy works, the government & the bailout.

Please, explain it all! We are listing, Teacher! I'm always up for an education. As Abraham Lincoln once said, "I have no use for a man who is not smarter today than he was yesterday."

The bailouts and the stimulus packages only prolong an economic collapse and make it worse.............Their fiat currency was the same as ours in that it wasn't backed by anything and that the central bank printed money out of thin air. That's exactly what the Federal Reserve is doing right now.

<-- My point Exactly correct, as is the rest of what you stated:tu: Rep added for sharing that wisdom

Yet all the bosses at these banks are getting bonuses/payoffs into the many millions,

Get rid of these people, send the money into small business loans and at least help someone.

every manager/"boss" of these companies that needs help should be fired on the spot. without pay immediately.

Well, they are not exactly getting fired, but I have to give a huge :tu:-up to Obama for not going through congress (I'm sure he'd like some fired or jailed, but executive orders have limitations) and directly issuing an executive order that limits benefits to those execs of companies the government is supporting. Oddly, the last administration and congress were willing to give the companies billions and the let the CEO's keep their 10's or 100's of millions in bonuses and salaries. Atleast, now some of them will hoepfully realize you can't ask Joe Taxpayer for billions for a company you bankrupted only to still get paid $100mill+ that same year.

money is needed to flow in any economy

My back pocket....a huge section of the economy...I have room for all you can give :D

-------------------------

I marked the topic as "heated" - disagree without being disagreeable

Who, NPer's? Disagreeable? Never! :lol:

 

[RogueWriter]

Thank you Republicans. Before you knock that go back and see how each one voted. Why is it that tax cuts and fiscal responsibility are at the heart of that party? Yet at the same time, voting history as proof, brings in our biggest deficits. Financial health is only one victim of this parties actions imho.

Appreciate all the rep fan's rebuttals - Back it up w/ proof.

Maximum - This is not the same government.

Well, first off, seeing as how your beloved Obama, with a democrat house and senate are blowing our budget by 1.2 trillion ( after interest expense ) after 20 days in office, not including the additional 750 billion dollar bailout they will be requesting shortly for the banks, I'd say, no, in fact, you dems are clearly the best at wasting money.