To Bail or Not to Bail...

[Jaxel]

Just like it did during the Great Depression.

The economy wasn't left alone during the Great Depression... the situation was fixed with FDR's New Deal... but as I said in my previous post; it didn't really fix the problem; it just postponed it so that the market could crash again a few decades later.

It's never actually worked like that however. Every time the economy's been left to itself, we magically end up with an economic crisis. (Then people are shocked that banks, businesses etc acted selfishly.)

You think the current economic crisis is because the government left the econmy to itself? WRONG! The current economic crisis is because the government WOULDN'T leave the economy to itself. Government interference is the problem.

Essentially this is not a yes or no question. What must be asked is taking a Socialist approach to dealing with our financial crisis the correct one. In my opinion, it isn't if it is the case that the United States intends to make this its formal approach. Mixed Economies are the way to go!

Name me ONCE in the history of the world, where a government rooted in socialism has survived. You can read from my previous statements, that I am completely against socialism. Socialism means MAJOR government intervention; everything is run by the government. When the Iron Curtain of Russia fell; people finally got a clear view of what socialism means; we were all lead to believe that socialism and government intervention leads to a better run country. But what actually happens is that the only people who benefit are those in power. The USSR was in shambles, there was high unemployment and high poverty.

When the government is involved, industry stagnates, and often regresses. Up until 1965, unemployment constantly decreased at a steady rate in this country. What happened in 1965 that stopped it? The government put their hands into the welfare system. You're seeing the same things happen now with the medical industry (HIPPA system) and the financial system (SOX system). Also notice that our government run school system is also falling apart, while the private school system is succeeding.

The free market is what keeps a country in shape. There is no real incentive for the government to clean up the country or supply quality of life to its citizens. There is a reason why China (a country also in RUINS), is the only remaining Socialist country in the world...

I am proud to call myself a Libertarian (or Old Right Republican as Ron Paul calls it)...

 

[wuben213]

Aren't you confusing socialist for communist?

In Europe there are multiple Socialist governments doing pretty well.

 

[ShenYu]

That a third of the people here actually think this is a good idea makes me feel very sad indeed.

 

[Archangel]

Jaxel, we got into this mess because the government WASN'T doing their jobs. Stupid loans, horrible credit ratings, not looking into bad hedge funds... There's a story I read about one of the reasons this all went to slag is because the FBI had to lay off a lot of people since the funding was going to the Iraq war. If that isn't a face-palm moment I don't know what is.

 

[ShenYu]

Which begs the question. Do you think they'll ever do their jobs right? Yeah.