Replies to post #96365 on Tornado Alley (PROG)

[wbmw]

wbmw....yes, I would have let GM fail....

and, with the millions out of work as a result of the bigger "crisis", I'm not sure that letting one manufacturer fail would have caused as much havoc as we were lead to believe...we'll never know....but, I do know, capitalism does not want "failing companies" in business.....

When the economy is functioning normally, it's usually possible to bear the burden of a large company failing. Others will take their place, and the business will be more innovative for consumers - I get that.

Where we differ is that you are somewhat doubtful whether GM failing would have really had a meaningful impact to the economy - where as I am willing to listen to the experts, which were predicting meaningful impacts from both sides of the debate.

I don't support giving them bonuses from taxpayer money....if taxpayers are stupid enough to give crooks money...let them take the bonuses....the entire wall street debacle is all political "smoke and mirrors"....politicians with motives "sleeping" with the bad guys in business...because both the politicians and the business people involved are "the bad guys"...

A common theme here is that you just don't trust those who claimed there was a problem that needed fixing. I hope I'm representing you correctly, and if that's the case, then I suppose it makes sense that you'd be cynnical. But... how would you know, and what if you're wrong? All of the arguments were plausible, and although nobody likes the bailouts, there's no arguing that we would have done almost anything to avoid a 2nd Great Depression. The only argument is whether it would have happened, had we done nothing. You seem to think so, but I think it's moot. At the very least, I think both administrations were genuine in believing that there was a problem, and trying to create a solution quickly. My biggest criticism is that the bailouts did not come with more strings attached. I think the taxpayers should have owned all of those banks until they paid back the loans (with interest!). You may find it anti-Capitalistic, but I only think it's fair. You never see money with no strings attached in the biz world.

as for the HC...we can agree to disagree.....the story is just beginning...let's let it unfold andsee what it brings.....

If you're going to leave it at this, then at least tell me what you would like to see out of the new law. What are you expecting, and what could happen otherwise to change your mind? Surely, if you have the expectation of a fundamental change in "Capitalism", then you have an expectation for what will happen....