Quote:
Originally Posted by Pleasurepays
And they shouldn't have done it. The economy is not stronger or better off for having propped up shitty companies at YOUR expense. YOU and YOUR children are and will be PAYING for this. arguing about the consequences of not doing it is totally retarded when the obvious and measurable consequences of doing it are never factored into the equation.
No one is doing the free market system a favor by rewarding failure. The weak are supposed to die as new and strong and better companies move in to replace them and fill the void. That's how its supposed to work. That's what yields the greatest benefit to the consumer and the economy. That's why we've (compared to other developed nations) always had relatively low unemployment and unparalleled economic growth.
At our core, we are self destructive. As people, we can't accept bad choices. If a situation existed where a choice had to be made... like "choose 3 kids of these 3000 to be murdered, or they'll all be murdered" - no one would do it and all 3000 would die. they'd all die because no one could accept the choices. if there was an election for someone to make this choice, it would be an election between one who said "i can figure this out and all will be ok" and one who said "i'll make the tough choice and save as many children as possible". if the one who said it would be ok failed, he would be forgiven for trying, for his noble efforts, regardless of the outcome and everyone would have great excuses and plenty of ways to place blame. if someone was elected and did make that tough choice, they'd forever be labeled a monster for doing it. they would be second guessed and blamed forever for not finding that other solution and ultimately be considered failures. That in a nutshell, is the struggle between liberalism and conservatism... and that is why we are forever doomed to repeat history.
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I think whoever got elected would take heat now no matter what choice they made. We would wait to see the final outcome years down the road before giving them any praise.
If the Obama plans works and the economy make a strong recovery and things are going very well 3-4 years from now he will be praised as having done the correct things, but there still be people who say it wasn't worth spending all the money to do. If McCain had gotten elected and done nothing, just let it all collapse and fail, (which, by the way he would have never done) at first he would be vilified for letting so many people lose their jobs and everything they have worked for. If the economy bounced back and 3-4 years later things were great he would be praised for doing the right thing and there would be people who still said it wasn't worth all the heartache and trouble some people were put through to get it done.
There is no way to make everyone happy. Right now we have a choice. We can have a shit sandwich, or we can have a shit sandwich with mayonnaise on it. Neither is good. You have to decide if you would rather deal with debt or deal with massive unemployment and the issues that go along with that. neither solution is going to be worth a shit if there are not some kind of regulations or oversight put in place to help ward this kind of thing off and keep certain companies from becoming so big that if the fail they bring the entire economy down with them. Maybe that is too liberal of an idea for some, but otherwise we go right back to what we had pre-depression which is a boom and bust economy and in modern times when most people's retirements are based on the stock market and investments a boom and bust economy would destroy them.