Quote:
Originally Posted by The Demon
What Obama is doing is speeding up the process towards economic collapse. Printing more and more money doesn't equate to economic stability. Continuing to bailout these big companies, rather than letting them die out in order for smaller ones to grow, doesn't equate to economic stability. Nationalizing healthcare, while sounding great on the outside, is going to fail in this country.
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I agree with you that the health care issue is a big on in this country. I think we will have some form of national health care - if only because they are determined to make it happen. What form it takes is yet to be seen. I personally think we will end up with some kind of government ran insurance program that anyone can get on and how much you pay is determined by your income level. So someone with an average income level will pay an average price while someone who is very poor will get it for free. The big question is how will this be paid for and will it work worth a damn?
Printing more and more money is not a great idea, but I have said time and again that the situation we are faced with sucks no matter what you do. If you don't bail out anything and just let anything that would fail on its own fail we could easily see 20-30% unemployment and maybe 60-70% of the banks in this country fail. That would have happened almost overnight and would have caused an enormous panic. So then you have to choose to either let it all fail and deal with the panic and unemployment and all the issues that occur (locked credit markets, people so spooked they aren't spending a dime, people running to the bank and taking out all their money causing more banks to fail etc.) while things rebuild on their own or you spend money and save some things, change some things and help people keep working then you figure out how to deal with the debt down the road. Neither way is perfect.