Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
Will Western Democracy be in danger if the $700B bailout fails ?
and we need the Chinese and the Arabians to save us. If that happens, do you think western democracy will still carry any weight in the eyes of the developing countries? Will they then follow the so called Chinese model whatever that means?
11 Answers
- Anonymous1 decade agoFavorite Answer
Arabs not Arabians.
- Anonymous1 decade ago
I think Western democracy is in trouble eventually whether or not this bailout "works." The problem with the bailout is that we don't have 700 billion dollars or 900 billion, or whatever the final amount is going to be.
It is simply going to be added on to the already bloated federal budget. After all is said and done, our federal public debt could be up to 11 trillion dollars within a year.
The real problem is how the world will deal with a bankrupted America? America is broke-period. The only thing keeping us afloat is that investors, like foreign central banks and others, are still willing to put money in our governments hands.
After this current disaster, it can't be for too much longer. American has to reduce the size of military spending and reel in its military from around the world, fix medicare, and reduce social spending. Our government has to be fiscally responsible as soon as possible.
- 1 decade ago
You demonstrate a fundamental lack of understanding here. Democracy is a falsehood; what the founding fathers (for lack of a better phrase) created for the United States of America was a Republican form of government, not a democracy. Also, the republic was completely unlike anything your mind (or anyone else's mind you know) can conceive of. It had nothing whatsoever to do with a central government having a hand in the everyday lives of the common People; it was meant as a "stop gap" measure whenever the local and state governments came upon a situation that could not be handled in the cognizance of the existing court system. When a state had a problem with another state, for example. Democracy is by definition a "mob rule" and has inherent flaws that are fundamental to its institutions. Republic is by its definition a rule by the de jure class of proper citizenship and has in its fundamental makeup the strength of decent morality at its heart. Learn yer guvernin', before it learns you!
- PfoLv 71 decade ago
Western Democracy really has nothing to do with the bailout. A similar situation could just have easily occurred under any government.
- How do you think about the answers? You can sign in to vote the answer.
- 5 years ago
because Senate does not like the house. they actually realize that SOMETHING needs to get passed SOON, or else we'll keep on this roller coaster we've been on. even if the market does well, that looming uncertainty of failure is always in the back of people's minds until more stability is given to the market. in a perfect world, we could let the free market run its way and the Fed wouldn't have to spend a penny on it. unfortunately, it ties into the government and the global economy too much, so when it starts going south, regulation is needed.
- 1 decade ago
The Chinese markets are tanking too, and the Gulf States are getting hit by low oil prices.
This is an economic crisis, not an existential one.
- Anonymous1 decade ago
The $700b bailout was a failure the moment it was idealized.
And the way it was fattened up?
"When the walls were burning in Rome, the politicians were still grabbing for gold..."
- Anonymous1 decade ago
It seems to be already failing. The rest of the world doesn't trust our financial situation. That guy with the loud mouth, (I forgot his name) told people this morning to sell any stocks that you were planning on using in the next 5 years and get out of the market.
Source(s): I saw this on the news this morning. Thumbs down me all you want. The market lost 700 points today BTW. - cireengineeringLv 61 decade ago
Democracy is not based on Capitalism, there will be no change in our political structure.
- Anonymous1 decade ago
Democracy and Capitalism are different.