I AM LEANING TOWARD AGREEING WITH THIS:

9 Responses to “I AM LEANING TOWARD AGREEING WITH THIS:”

1. FloridaBill says:

   September 30, 2008 at 9:37 am

   Let ‘em fail and rot.
2. ZappaCrappa says:

   September 30, 2008 at 10:24 am

   Naaaahhhhh….government logic. They put themselves in financial ruin…let’s give ‘em 700-800 bil of taxpayer money and let them play with that. What the worst than can happen?

   We really can’t trust the taxpayer with his own money.
3. sloel says:

   September 30, 2008 at 5:38 pm

   Hell yes, let them fail. It’s the only thing we can do and still kind of call our system capitalism.

   Besides…I don’t buy for one second the government’s doomsday scenario. Take a look at what’s happening. The stock market is leveling. The dollar is up versus the Euro and oil is falling.

   I’m also encouraged that some congress people are actually listening to their constituents! 7% of people are in favor of the bailout. End of story.

   What discourages me is how both of our two “choices” for president are actually in favor of the bailout. Neither has even the most elementary grasp on basic economics. Their behavior does not bode well for the next four years.

   Fish Dicks…
4. Houston says:

   September 30, 2008 at 9:22 pm

   The problem is a credit crisis. I’ve seen evidence of it and it is real. That’s not a let them fail, that’s a “let’s all fail” issue. We need a solution to loosen credit or soon for many no pay checks. As for institutions that took chances that didn’t work, no bail out.
5. sloel says:

   October 1, 2008 at 9:40 am

   But the government pushing more money into the system will only forestall a worse credit crisis that is guaranteed to come. The reason we’re in this mess is because the government artificially propped up the amount of available capital throught the Fed’s manipulation of interest rates and it’s manifest expansion of credit. And the bailout package is just more of the same.

   It’s like giving a heroin addict a big fat bag of heroin. The only way for an addict to kick the habit is to go through a period of excruciating withdrawals before they can begin to recover. Same with the economy. We need to kick the addiction of fake interest rates and an inflated money supply before we can start to heal. It will be painful, for sure. But we must allow the pain to happen if we want to solve this incredible mess we’re in.
6. sloel says:

   October 1, 2008 at 9:41 am

   Oh…I almost forgot.

   Fish Dicks!
7. FloridaBill says:

   October 1, 2008 at 4:17 pm

   Good points Sloel. The heroin analogy is a good one. Fish dicks indeed.
8. sloel says:

   October 1, 2008 at 4:19 pm

   There’s nothing like good heroin…

   …analogies
9. FloridaBill says:

   October 2, 2008 at 7:59 am

   Sloel for Fed Chair!