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#1
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![]() Group: Moderators Posts: 2,499 Joined: 23-February 06 From: El Paso Texas Member No.: 32 ![]() |
Since i don't see a topic for this. What do you all think of the bailouts going on right now?
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#2
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![]() Group: Members Posts: 5,275 Joined: 22-February 06 Member No.: 2 ![]() |
It's good the bailout didn't pass.
The Federal Reserve and government intervention is what got us into this mess... more government intervention wouldn't get us out. The proposed bailout and scare tactics was basically a stickup. Imagine Guido robbing your store and then a few days later he offers you "protection" from further robberies if you pay him off; that's exactly what the Federal Reserve did to the American people. 400 economists and historians all agree the bailout not getting passed is a good thing, and if you study the history of Japan, Germany, Russia, and Argentina's financial collapse it looks like we did the right thing by not passing the bill. Examining their history will help us not repeat the same mistakes in the same situation. ![]() |
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