Quote:
Originally Posted by wintermuted
How so?
I'm no fan of the bailouts and I at least partially share your pessimism about their end effectiveness.
So let's play "what if?". What if our last two respective regimes would have played hardball with all the businesses who have been given a handout?
What would the end results have been in the long and short term, in your eyes?
|
I think if we lost two auto makers at one time, the domino effect would have been huge... could you imagine what things would be like if they along with many massive financial companies were to have fallen around the same time?
A lot of support companies and industries that supply their needs would be hitting the streets and failing too. This place could be looking a lot worse had SOME of the bailouts not have happened... Others could have failed though. They just suqandered the money..
I'm still waiting for the next shoe personally. A country can't be so indebt, and the government hanging onto too much business interest without some sort of big change coming down the road.... I just hope it's not during my time... life hasn't been so bad since the last big changes, next one could be.