Thursday, April 9, 2009

How do you feel about the government bailing out large corporations from liabilities?

The list is ever expanding with the government bail out of Freddie Mac and Fannie Mae and the more recent AIG bail which cost taxpayers $85 Billion. Considering the last time you were in a tight spot financially and the government was not there to bail you out...How does this make you feel?


I just look at the number of jobs that they are trying to save and even though I may not like it, these large banks and insurance companies keep the money circulating allowing businesses of all sizes to hire and retain people.

When was the last time that you created a job?

ONLY AS A LOAN THAT HAS TO BE PAID BACK WITH A LOW INTEREST

In this link read what answerer "the violator" answered, I think that pretty much sums it up.

Edit: Most of the people that I know are not happy with the political choices they have for President this year. I hear lots of talk about voting against one guy or the other, but not so much talk about voting FOR anyone. There is one man, however, that a great many people wish they could vote for and that is Ron Paul. His supporters have their news page set to pick up all stories about him, they go to rallies thousands of miles away to support a man who is trying to help people in this country. The problem with the bailout is it is a temporary solution that does not fix the problem, there is no way AIG will be able to pay the government back the loan.

This is not a large company bail out it is a saving the investment of the American worker who has a 401K or a life insurance and worked hard for their retirement.

How would you like another Great Depression where unlike today's housing down turn with 02.75% of homes in foreclosure there were more than 50% home foreclosures?

The Government has learned that you can not allow the pillars of your economy to fall down and not put up some kind of net or support. During the 80s you remember the great depression? No, but all the Savings & Loans failed and every investor lost their money? No, The Federal Government absorbed a 157 Billion dollar fall and protected the individual account holders. Well in much the same way the Government is keeping not the company alive, but the retirement investments and insurance coverage and everything else the people are counting on and put our money in.

Before attacking think who really gets hurt, the guy with the golden parachute or the hard working investor and if you have a 401K you are an investor.

It is irritating, it is maddening, because none of us regular human beings ever get bailed out by the government, especially for our bad business decisions. Its infuriating to see our tax money go to bail out a company that has been run recklessly, or has even speculated in markets and driven up prices of commodities we need like oil and gas, and then falls apart when the speculative bubble bursts. Which they always do. Still...because the world economy is so integrated and interdependent, reality requires that a company like AIG not be allowed to fail. To do so would collapse huge sectors of the economy. It could easily turn into a worldwide depression, an economic calamity leading to mass unemployment, starvation, even revolution. That simply can't be allowed to happen. So infuriating as it is, some of these bailouts are necessary.

I do think that most of the responsibility for this crisis is on the hands of President George W. Bush for easing up on regulations of the lending industry. The staffs of the SEC and other monitoring and auditing agencies were cut, Senator Phil Gramm (Republican, Texas) introduced into Congress and had passed deregulation of the securities market precisely so this could happen. And now accuses the American people who have to pay to clean up his mess of being "whiners". By the way until very recently he was McCain's chief economic advisor. So figure it out. Regulation--stability. Deregulation--catastrophe. Republicans--deregulation. Democrats--Regulation. The regulations that worked so well for 70 years were perfected under President Franklin D. Roosevelt to overcome a similar economic disaster also produced by Republicans and unregulated securities markets that caused the Great Depression. Those who do not remember their history are doomed to repeat it.

If Im struggling with my bills and mortgage payments is the government going to bail me out also by using other people's money who pay taxes? I think not.

Just cause there big corporations does not mean they should bail them out, if they want to bail them out, its not our fault there on the verge of crashing.

Its all about helping "wallstreet" anyways, the government doesnt give a crap about "WE" the people

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