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Anonymous
Anonymous asked in Politics & GovernmentMilitary · 1 decade ago

Would the BAILOUT plan have been better to target us?

..a good bailout plan would have paid all of americans' credit cards off to free up serious cash for us to start over. this would have done more for the economy than giving the dollars to wall street and banks...think about it! there isn't a better way to get goods and services moving again other that putting dollars in the pockets of the people.

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  • 1 decade ago
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    I disagree. I think that the present or for that matter, any bailout plan is detrimental and we'll pay dearly for this mistake. What has been learned from this for both big business, banking and citizens who live above their means - that if you screw up, the taxpayers will bail you out? If I ran my business into the ground because of poor decision making, such as overextending, should you be forced to pick up my tab?

    Here's what really happens under a supposed "bailout":

    The government doesn't bail anybody out. They simply create credit and make it available to those on the inside. Unknown completely to the American people, every "bailout" cost every dollar holder because it dilutes their dollars and the result is reduced purchasing power. They steal trillions of dollars this way and they will finally reduce the middle class in the US to poverty.

    There is plenty of precedent and history. It happened in Germany in 1923 and ruined most of the German people. Only those who bought gold and foreign currencies preserved their savings.

  • 1 decade ago

    first and for most you can't even put your question in the right section. if you'll pay attention you'll notice that this is the military section, and your question has nothing to do with the military.

    why is it the governments job to bail you out? if you can't pay your bills it's your fault not the governments. i bet they aren't your cosigner.

    i personally don't think the feds should have bailed any one out of this fiasco. what should have happened is that the Democrats, and Bill Clinton should have kept their hands out of the housing market to begin with and this would not even be a problem. in other words without government interference we wouldn't even have this problem, so how is government interference going to solve it?

  • 1 decade ago

    The rich is suppose to get richer, that is why your getting nothing.

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