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Do you think we should bail out Wall Street and the runaway investment banks?
Bailing out the millionaires is tantamount to welfare for the rich! I don’t think it is necessary. In fact I think it is another “fleecing of the middle class.” It is going to cost a minimum of 10,000 dollars per every house hold in the US to bail out these “prestigious companies.” Investment banks and brokerage house that will not even open an account for you unless you have over a million dollars to invest. 10,000 dollars to a multimillionaire is like ten dollars to you and I…the rich politicians don’t see this as a problem…they don’t have a clue! It is not the tax payers fault and the tax payers should not burden ourselves and our children and grand children with the burden of saving these folks from embarrassment. We should let them go bust.
I think it is a scare tactic to say that everyone would loose their jobs. Not so. Those of us who have useful jobs would continue to work. Yep, the country would continue to function and the workers in this country would still have jobs…the teachers would still teach, plumbers would still unclog drains, the bus drivers would still drive, in other words, the ordinary folks who actually work would still work…because life would go on for the ordinary man. Not so for those extremely high paid jobs such as CEO’s and such folks who are not worth what they are paid. Those type jobs would start to disappear. I do not think it is fair that we who have spent wisely and have been prudent should have to bail out the greedy ones… time will tell.
3 Answers
- GWBLv 51 decade agoFavorite Answer
No to the bail out as written now.
The news media started this mess by starting a panic in the housing market.
Example: Houston gas stations run out of gas. Of course they did, they had no power.
Most news people are drama queens.
We as sheep follow the masses.
Now you have a panic.
I also do not want to pay for another persons home.
To make the rich richer.
Give the average working joe a few thousand to spend and things will turn around. When working joe spends money, things are good.