Quote:
Originally Posted by kutulu
I hope the opponents to this are happy when their company can't give them a paycheck.
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The problem, kutulu, is that the system has already failed. As in over. As in past tense. The full effects haven't hit us because that's how the economy works, but we can't stop what's already happened from happening. No one is going to be happy, but throwing more money at a problem when all that will happen is that the country will be in more debt and the problem will only be postponed (and worsened in the meantime) isn't a solution at all.
Economies cannot be in a state of perpetual growth and ours desperately needs to contract and get rid of all of the waste, speculation, corruption and shitty investments that are clogging it.
If we're going to spend $700B on something, let's spend it on softening the impact of the collapse/recession/failure/depression/etc. on the American people as a whole instead of throwing money at banks, because they're not going to change anything, and are going to need another bail out eventually.