BF2S Forums Where'd the Bailout Money Go? Shhhh, It's a Secret!!

Well the beautiful thing about this.. Is that we give the military Billions + that's never questioned??

Oh but in this case, I truly believe that capitalism should be allowed to take it's course and we let a failing business fail.. But hey it's all on the American public's back..

The day of the tax and spend needs to be over, as you said at the other thread we give Congress a blank check and don't get any accountability about it..

Last edited by cpt.fass1 (2008-12-22 14:42:33)

See why bailouts are ALWAYS a bad idea?

This is why you allow industries to fail. They will never learn.

Banks, auto companies, financial institutions, unions, service industries, manufacturing, all of it.
If they can't compete or drew a serious blunder in the market (such as rampant lending to unqualified candidates then being confused why there is an increase in foreclosures) then they must face their own mistakes and pony up.
Either through shutting their doors, or periods of losses.

Where are the bailouts for the mom and pop stores that went under because of "Wal-Marts" moving into their towns?
This is exactly why less government is better: the government, though filled with many men and women who are very smart, is incompetent.

Disgusting! No accountability for folks who shower before work and total accountability for folks who shower after!

GraphicArtist J wrote:

If they can't compete or drew a serious blunder in the market (such as rampant lending to unqualified candidates then being confused why there is an increase in foreclosures) then they must face their own mistakes and pony up.
Either through shutting their doors, or periods of losses.

You do understand why the bailouts we're necessary don't you? These financial companies collapsing may sound like a nice idea but during a recession you'd be forcing hundreds of thousands of hard working individuals out of work. This isn't including the top execs who should really be held accountable, but the people who are supporting families by working in any number of positions in these companies, etc.

And had these banks failed, most of which would have been the largest followed by the home town banks who are lent money from the larger banks, you wouldn't be able to make any loans what so ever. The cash wouldn't be available. That's why the auto-industry is feeling extra pressure, banks are less willing to hand out car loans. But imagine if it rolls on to college loans, home loans, any type of loan. All of which would have been approved in usual circumstances, but during a period where banks fear collapse and during a recession, they aren't going to loan to anyone.

GraphicArtist J wrote:

Where are the bailouts for the mom and pop stores that went under because of "Wal-Marts" moving into their towns?
This is exactly why less government is better: the government, though filled with many men and women who are very smart, is incompetent.

Disgusting! No accountability for folks who shower before work and total accountability for folks who shower after!

I can't see how you want accountability for the financial companies to be more competitive but wan't poor mum and dad stores to be bailed out. You did just say: "If they can't compete or drew a serious blunder in the market then they must face their own mistakes and pony up. Either through shutting their doors, or periods of losses."

Surely running the mum and pop store next to a Wal-mart and failing miserably is a sign that they can't compete?

Admittedly, I made a similar mistake to Fass in previous criticisms of our government.  As much as I hate war and the military industrial complex, the real corruption in our government stems from Wall Street.

The banking/credit industry can get away with a lot more things than any other sector of our economy.  They also have the power to lobby our government for an absurd amount of money in handouts.

All this time we were worried about terrorists when the most powerful enemy we face is the Fed Reserve.  Ron Paul was actually right....

Bell wrote:

Meh, this time next year we will be living on the streets.  I'll miss you guys <3

I was thinking about this last night in fact - would make for great Roleplaying Game - The year is 2012, 3yrs on from the total collapse of the entire global economy. Gangs rule the cities. Most survive off the land. Everyone is armed...

Scorpion0x17 wrote:

Bell wrote:

Meh, this time next year we will be living on the streets.  I'll miss you guys <3

I was thinking about this last night in fact - would make for great Roleplaying Game - The year is 2012, 3yrs on from the total collapse of the entire global economy. Gangs rule the cities. Most survive off the land. Everyone is armed...

Already happening in L.A.