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Our leaders have no wisdom. Bunch of crooks and thieves who have destroyed Capitalism and our way of life. Knuckleheads at the FED have been destroying our US Dollar for decades. This latest profligate spending will do little to help the American economy or average citizens in the long run. But the additional debt added will plague taxpayers for years.
The correct response to the current economic crisis is simple and painful. Allow existing bankruptcy and insolvency processes to run their course. Bailouts are not the answer, new owners who can turn companies around are. Corporate assets, contracts and products don't disappear in bankruptcy. Yes, there will be pain as many (not all) existing employees lose their jobs. But executives and boards of failing companies should lose their jobs first. Shareholders should feel the pain as well. Yes, shareholders, not taxpayers, must bear the economic burden when companies fail.
And how do we pay for all this? Congress doesn't have $2 trillion to spend, and 2020 tax receipts won't begin to cover the bill. If the bailout of 2008 had worked, U.S. companies would not need a bailout today. They would have thanked their lucky stars then, and focused on building healthier balance sheets with more cash and less debt. Unfortunately they all chose irresponsibility and stock buybacks. We should let new owners, not American taxpayers, save them today.
I hope you all realize by now that this criminal behavior will NOT end well and brainwashed Americans will wake up soon and realize what is going on. Massive social unrest’s are coming and we may have a civil war as well.
Good Luck!!!
No offense to the OP, but is this sort of post starting to sound like the WAAAH WAAAH WAAH of Charlie Brown's teacher to anyone besides me??
Our leaders have no wisdom. Bunch of crooks and thieves who have destroyed Capitalism and our way of life. Knuckleheads at the FED have been destroying our US Dollar for decades. This latest profligate spending will do little to help the American economy or average citizens in the long run. But the additional debt added will plague taxpayers for years.
The correct response to the current economic crisis is simple and painful. Allow existing bankruptcy and insolvency processes to run their course. Bailouts are not the answer, new owners who can turn companies around are. Corporate assets, contracts and products don't disappear in bankruptcy. Yes, there will be pain as many (not all) existing employees lose their jobs. But executives and boards of failing companies should lose their jobs first. Shareholders should feel the pain as well. Yes, shareholders, not taxpayers, must bear the economic burden when companies fail.
And how do we pay for all this? Congress doesn't have $2 trillion to spend, and 2020 tax receipts won't begin to cover the bill. If the bailout of 2008 had worked, U.S. companies would not need a bailout today. They would have thanked their lucky stars then, and focused on building healthier balance sheets with more cash and less debt. Unfortunately they all chose irresponsibility and stock buybacks. We should let new owners, not American taxpayers, save them today.
I hope you all realize by now that this criminal behavior will NOT end well and brainwashed Americans will wake up soon and realize what is going on. Massive social unrest’s are coming and we may have a civil war as well.
Good Luck!!!
Good Post
For the last 20 years we have been socializing risk for the wealthy in bad times while they take all the rewards during good times.
I guess some of you can’t handle the truth. Do you agree with me that there is an element of RISK with ALL businesses. THAT is what CAPITALISM SHOULD BE all about. Without owning up to risk capitalism DOES NOT WORK.
FREE MONEY, more free money. When everything is FREE, then everything is also expensive!!!
Things become intolerable when the cruise industry wants a bailout and pays no American taxes and hires almost no Americans.
DEBT is what has fueled this "economy".
DEBT will also be it's undoing!!!!
You might want to turn off the news and read a book. You are visioning communism, not socialism. Most people have Ben taught to use them interchangeably due to our government demonizing socialism since it threatened the powerful business owners.
Sounds like socialism, not communism - you are the one confusing the two. Communism requires socialism, socialism does not require communism. Communism is just one means to implement socialism. When talk about changing means of ownership that is socialism, when talk about how to make the change, that is Communism (or other means).
The death of the GOP as it's evolved would be a welcome casualty of this disaster.
Both parties are the same. Look at the vote on the bailout 96-0 in the senate. The vote in the house? Pelosi and McCarthy agreed to get it through without needing a vote. So there are zero no votes on record. Both parties are complicit in this. Families will get 5% of the bailout money while too big to fail will get 95% of it. Its 2008 all over again but on steroids.
Sounds like socialism, not communism - you are the one confusing the two. Communism requires socialism, socialism does not require communism. Communism is just one means to implement socialism. When talk about changing means of ownership that is socialism, when talk about how to make the change, that is Communism (or other means).
It is neither. It is corporate welfare. Socialism would mean the government controls the means of production. Communism would mean everyone would have equal shares in the means of production and its profits. This is simply congress handing out trillions to corporations who finance their campaigns.
No offense to the OP, but is this sort of post starting to sound like the WAAAH WAAAH WAAH of Charlie Brown's teacher to anyone besides me??
Just you and a few others I think. The OP brought up a legitimate point.
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