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TONI D asked in News & EventsCurrent Events · 1 decade ago

When the goverment bails out failing businesses, does it truly help the business and we, the tax payers? ?

Recently Freddie Mack and Fannie Mae were offered a bail out. How does this affect the regular tax payer? Do you think this will be long term? Do you think this will become a trend in the future?

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  • Kojak
    Lv 7
    1 decade ago
    Favorite Answer

    SORRY..... I am a free market man.....I do not believe in bail outs and subsidies.

    One of our brilliant founding fathers once wrote that once you open the governments coffers and start handing out money .... you are on the road to national ruin

    I feel the government should not be handing out money for ANYTHING.....no dairy subsidies..... no Fannie Mae / Freddie Mac bailouts..... no hurricane relief..... no payments to 911 survivors NOTHING

    If you chose to build your home on a cliff and it falls off.....sorry about that....maybe some local charity will help.....

    If you run a dairy and can not sell your milk, sorry about that.....maybe you should go into another business

    If your loved one died in 911..... why should you get money from the government..... but someone who's husband was killed by a bank robber gets nothing..... why is your loved one more important than the husband who was walking by the bank

    there are millions of people who suffer tragedies every year.....why are some compensated and others not....

    The problem with America is we have lost our "neighbor" feelings..... we no longer help the guy next door during hard times but expect the government to help him..... and the government usually does a crappy job

    Lets get back to helping each other....and stop expecting the government to do OUR job

  • TAT
    Lv 7
    1 decade ago

    It enabled those businesses to bet by with horrible mismanagement. It allowed the people who got loans they could not afford to be rescued from their responsibility. The rationalization for the bailout is that the crash of Fannie and Freddie would affect too many people in our country. This has been happening for decades. We have bailed out airlines, farmers, Amtrak, auto makers and savings and loans over the last forty years.

  • 1 decade ago

    Bailing out a poorly managed business is not the way to go. but it seems to be what the US has been doing for years..

    A mismanaged business should fail and someone who knows how to manage will start a new one if there is a need, and a lot of times there is no more need for the business ..

  • Al
    Lv 6
    1 decade ago

    First and foremost, the federal reserve runs this country, not the government, the burden of these failures falls into the laps of the taxpayer and thier children, All the fed has too do is print more money out of thin air, problem solved.

    One of these days, were going to wake up to the fact that a central bank is controlling america and its wars, and when we discover who these bankers are, it will be like a pie in the face.

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  • Anonymous
    1 decade ago

    we get to pay higher prices.

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