Bail out, are you for or against it? ?

Question

I saw a micro version of this economic debacle in my local economy and in my industry in 2001, I had thought when they said there was a dire problem with the economy that they had recognized it and were going to fix it.

 It now seems we have sold a lot of people on the idea that the ‘spinning top’ of a credit scheme we have is in fact a perpetual machine. And the intent of the bail out is to add energy to the spinning top so that the salesmen can say “ Well, it got a little wobbly there, but see…it is perpetual !” 
It seems they don't intend to fix it, they intend to perpetuate it with productivity that it does not produce.

MrFreedom · Accepted Answer

Sort of against it.  Although part of me thinks it might be a necessary evil to keep the whole house from crashing down.

Still, I don't like the idea of the banks and financial institutions being backed up.  Because then we have to pay for not only our mortgages, but this debt.

Now, if the government chose to buy up all this bad debt, then absolve all individual borrowers of their own debt, effectively handing over free title to the citizens with the understanding that the $700B would have to collectively be paid with taxes over time, I'd be okay something like that.

But I am not fine with paying for my house loan TWICE in order to save some banker.

Yin -Yang · Answer

In a communist country.... yes

In a capitalist country..... no

Foreign Banks rescue under the bailout..... no
Credit Card Corp. under the bailout...... no

look at the way the media are trying to cook the crisis in favor of the Corporations and the Banks

Anonymous · Answer

Against....let the market fix itself.
Banks are already buying other banks.
This not a Federal Government issue.

nobody · Answer

against it. give that 700 billion in rebates and it will be better spent.

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Bail out, are you for or against it? ?

4 Answers