Originally posted by: IHateMyJob2004
Originally posted by: Special K
Originally posted by: IHateMyJob2004
Originally posted by: Special K
Originally posted by: IHateMyJob2004
Originally posted by: PC Surgeon
fuckin punks are gonna pass it.
I love how so many people in this country are ignorant. You have no clue what would happen wiht this bill, do you. This is about main street, not Wall Street.
Your reasons for not wanting the bailout are probably rooted in emotion (how dare they spend my money on this). You don't get it. What the gov't is doing is investing your money and most think it will result in a very profitable investment.
Good, that will provide them with the money they will need to bail these firms out again in a few years after their next get-rich-quick scheme blows up.
Greed is part of human nature. It is only a matter of time till something else happens.
Given that greed is part of human nature, isn't this bailout setting a dangerous precedent?
What precedent? That human beings will continue to be human?
You think a great depression should occur and eventually when things get better "that will teach them"? I hate to tell you this, but most of us are aware of the great depression that occurred in the 1930s and it taught us nothing. Things will eventually get better and greed will take hold and create another crisis.
The precedent is that the government will now step in and save failing firms whose get-rich-quick schemes blow up rather that let them fail. Won't this just encourage even more irresponsible behavior in the future?
Won't we find ourselves facing a very similar situation in several years? Just replace "housing/mortgages" with some other asset.
