The Gov. bail out

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WhiteLion wrote...
So, the bailout finally passed. I think that most of the lawmakers, regardless of ideology or constituency, realized there wasn't really a choice anymore. We had to try something, and even Ben Bernanke, who isn't exactly eager for the government to meddle in the business world, was for the measure. They decided that the opportunity to stop the financial markets from completely grinding to a halt and bringing on a deep and long depression was worth both the money and the precedent being expended. I personally agree. What is really needed is some level of certainty, which only the government is large and powerful enough to provide. The precedent being set is dangerous, certainly, but the consequences of a collapsed financial market would send ripples through the world and could have potentially disastrous effects.


As long as the final result ends with the government dropping its involvement when the turbulence passes. Also having the government cut some spending in the mean time to make up for the money they spent on this.

cooperboy321 wrote...
It's too bad we can't really point the blame at any specific group of people. We could take all their money and put it into the bailout plan. It probably wouldn't amount to much, but it'd make me feel better =).


As will all problems involving the government. We can blame senators and congressmen. Then lead an angry mob with torches and pitchforks to Washington to lynch them. Just a suggestion :twisted:
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