Steve
I'm a PC, so shut up
Consultant
join:2001-03-10
Yorba Linda, CA
| reply to satellite68
Re: That's A Good One
said by satellite68  :LOL-the "let the market fix everything" crowd must've jizzed in anger over the government bailing out Stearns. What happened to "freemarketeering"?? "Less government"? Those who believe in freedom are appalled by the bailout - if I am to face the bracing air of my own decisions, why should not Bear Stearns? |
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Skippy25
join:2000-09-13
Hazelwood, MO
| It's a double edged sword.
I have the mind set that you make your bed, you sleep in it. The government should not be a charity of any sort regardless of wealth and regardless of whether it is for the poor, children, or healthcare. I believe all that should be done by the people that elect to do it.
However, that is a tough pill to swallow for many and for society in general. There are simply positive effects to society in general in helping those in need.
Should we of let Bear Stearns collapse? I say yes, screw them they made the bad choices. However, what would the bigger impact to our economy and ultimately to us be?
I personally say, ALL government charity should be removed PERIOD. It encourages corruption and simply is not why the government was established. Society will figure out how to manage the needs. We always had done that leading up the the 21st century.
This is of course my personal opinion. Your mileage may vary. |
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satellite68
join:2007-04-11
Louisville, KY
| reply to Steve
said by Steve :said by satellite68 :LOL-the "let the market fix everything" crowd must've jizzed in anger over the government bailing out Stearns. What happened to "freemarketeering"?? "Less government"? Those who believe in freedom are appalled by the bailout - if I am to face the bracing air of my own decisions, why should not Bear Stearns? I agree-I am just pointing out that they did get bailed out, and other industries are not so lucky. Why them, and not housing? |
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