So, if the gov hadn't sent out the tax refund checks, and bailed out Wallstreet with $700 billion (and counting), and wasn't now offering $25 billion in loans to the Big-3 automakers, what would the economy REALLY be like now and over the next 5 years?
Which begs the question, why was the government (both parties) so willing and ready to "help"?
What were their motivations, fears, hopes?
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"I would not support repeal of Roe vs. Wade, which would then force women in America to [undergo] illegal and dangerous operations."¯ Senator John McCain
Source: Ron Fournier, Associated Press Aug 24, 1999
So if they had done nothing, just let things be, what would things be like now and for the immediate future?
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"I would not support repeal of Roe vs. Wade, which would then force women in America to [undergo] illegal and dangerous operations."¯ Senator John McCain
Source: Ron Fournier, Associated Press Aug 24, 1999
So if they had done nothing, just let things be, what would things be like now and for the immediate future?
Cats and dogs sleeping together.
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John Adams “The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.”
Ronald Reagan: 'Everybody that is for abortion has already been born'
"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.
Location: land of the Lilliputians, In the state of insanity
Posts: 24,185
RE: If the gov. had done nothing
Just speculating here, im no economist, but the logic was to have money to allow banks to extend loans, so that buisnesses and individuals could borrow it to put back into the economy. But as it stands, that is not what has happened. The money has been used by many banks to buy up other banks and assests. So to me, I dont think there has been any help from the bailout. What we would have seen wasCEOs getting canned, which they should, and some buisnesses being bought up by other buisnesses that were not run into the ground. AS it should have done. Now we got CEOs staying on the payroll, that should have been canned. All financed by our tax dollar with no money being pumped into the system.
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kaafir mushrik
Unintended consequences and God have one thing in common: Liberals don’t believe in either of them.
Just speculating here, im no economist, but the logic was to have money to allow banks to extend loans, so that buisnesses and individuals could borrow it to put back into the economy. But as it stands, that is not what has happened. The money has been used by many banks to buy up other banks and assests. So to me, I dont think there has been any help from the bailout. What we would have seen wasCEOs getting canned, which they should, and some buisnesses being bought up by other buisnesses that were not run into the ground. AS it should have done. Now we got CEOs staying on the payroll, that should have been canned. All financed by our tax dollar with no money being pumped into the system.
So, are you saying effectively that the top dogs got "bailed out" with ready cash to invest as they see fitwhile joe the plumber, who lost his house, just got told "tough stuff"?
Is that kinda what you're getting at Burnie?
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"I would not support repeal of Roe vs. Wade, which would then force women in America to [undergo] illegal and dangerous operations."¯ Senator John McCain
Source: Ron Fournier, Associated Press Aug 24, 1999
Location: land of the Lilliputians, In the state of insanity
Posts: 24,185
RE: If the gov. had done nothing
Quote:
ORIGINAL: fodderblade
Quote:
ORIGINAL: burniegoeasily
Just speculating here, im no economist, but the logic was to have money to allow banks to extend loans, so that buisnesses and individuals could borrow it to put back into the economy. But as it stands, that is not what has happened. The money has been used by many banks to buy up other banks and assests. So to me, I dont think there has been any help from the bailout. What we would have seen wasCEOs getting canned, which they should, and some buisnesses being bought up by other buisnesses that were not run into the ground. AS it should have done. Now we got CEOs staying on the payroll, that should have been canned. All financed by our tax dollar with no money being pumped into the system.
So, are you saying effectively that the top dogs got "bailed out" with ready cash to invest as they see fitwhile joe the plumber, who lost his house, just got told "tough stuff"?
Is that kinda what you're getting at Burnie?
\
Like I said, im no economist, but yea, that is kinda how im seeing it. It was ment to be a stimulus package to back up and afford loans, but it is not being used that way. As for a bail out for bad loans, not sure about that. Just like Lanse said, the banks are setting on it, as well as, buying up other assets with it. Im glad that the treasury dept. is taking a second look at this mess and trying to fix the problems. Kind of a nice change.
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kaafir mushrik
Unintended consequences and God have one thing in common: Liberals don’t believe in either of them.
Just speculating here, im no economist, but the logic was to have money to allow banks to extend loans, so that buisnesses and individuals could borrow it to put back into the economy. But as it stands, that is not what has happened. The money has been used by many banks to buy up other banks and assests. So to me, I dont think there has been any help from the bailout. What we would have seen wasCEOs getting canned, which they should, and some buisnesses being bought up by other buisnesses that were not run into the ground. AS it should have done. Now we got CEOs staying on the payroll, that should have been canned. All financed by our tax dollar with no money being pumped into the system.
So, are you saying effectively that the top dogs got "bailed out" with ready cash to invest as they see fitwhile joe the plumber, who lost his house, just got told "tough stuff"?
Is that kinda what you're getting at Burnie?
FB.. Id have to answer this with an emphatic... YES!
If the gov. had done nothing
