Financial Crisis 2008--What Are Your Thoughts?
What are your thoughts on the current economic crisis hitting the U.S.? Do you agree or disagree with a Congressional bailout of Wall Street? Who's to blame? What should we do about it?
Post your comments here and let's see if we can connect any dots.
No bailout. Let the free market economy do the work. Not the government.
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I concur.
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I'm sure many good arguments could be made as to why it was okay to bail out this company and not that company. This one would have a greater affect on global financial stability, while that one wouldn't. But to me, it gets down to this. The government shouldn't bail these companies out. Welcome to Capitalism. If you run your company well, you increase your value, make a profit, and stay in business. If you don't run your business well, you steal a refrigerator box from behind Best Buy and find a nice bridge to live under.
Unfortunately, that's not the way it really works. We're not a pure Capitalistic system, which is fine, but even in our mixed economy, businesses need to be allowed to fail. It is not up to the government, and consequently the American people, to support these mismanaged companies.
Like I said, business is a risk. Entering into business could mean that you are successful, or you could fail. When you fail, you board up the windows and take a crack at something else.
If we're going to nationalize business, we might as well elect the candidate which leans most towards Socialism.
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We are witnessing a world-wide economic coup-de-tat. All of the financial crisis in recent years has been intentionally conjured by new world order type billionaires and corrupt politicians. Through economic crisis comes consolidation of financial entities and through consolidation comes control by a few. America has intentionally cast other countries into economic crisis in the past through excessive high risk debt with a goal of exerting political leverage. Now some entity is using the same play book against America's financial infrastructure. The winds of "Change" are upon us. The "World" economy is being controlled with arrogant transparency.
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All of the financial crisis in recent years has been intentionally conjured by new world order type billionaires and corrupt politicians
this is right
xrapid
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