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Quote by: TheWord  Because a much better option for reinvigorating our economy are 35% unemployment rates when these businesses fail...
I don't understand this rallying cry against bailouts. Did you guys miss the Great Depression? I can comprehend your frustration at seeing your money go to someone else, but logic should at least tell you that the alternative is utter economic collapse. |
The problem many people have with the first bailout was that it DIDN'T WORK! We handed these scumbags a pile of loot and essentially told them to do whatever they wanted with it.
And what they wanted to do with it was to pay billions to their executives, buy other banks and sit on the rest. What they DIDN'T want to do with it was what Congress told the people what it was FOR, which was to start lending money again.
The problem I have with the NEW bailout, excuse me, stimulus, is thast by the time it goes through the congressional sausage grinder it TOO will do very little to help.