SkinsHokieFan Posted October 2, 2008 Share Posted October 2, 2008 Hiding because they are still hoping that capitalism will produce some other fruit than what is now being harvested. I still think its ironically fitting that its a Republican in the White House that is proposing the biggest socialist rescue that our country has ever known, and you know full well that if a Democrat had been in the White House proposing this the GOPers would be screaming at the top of their collective lungs...I guess we'll just have to wait and see if socialism can bail out the capitalists. A lot of GOPers are screaming at the top of their lungs Thats why this alabtross didn't pass the first time through the house Link to comment Share on other sites More sharing options...
LegionOfDoom Posted October 2, 2008 Share Posted October 2, 2008 I wonder where everyone screaming socialist commie pinko over regulation and merger control is now that we are undertaking a HUGE socialist project to stabilize our economy. I figure most will be in denial of what is actually happening. :2cents: :notworthy You hit it Bob!!!!! Link to comment Share on other sites More sharing options...
HOF44 Posted October 2, 2008 Share Posted October 2, 2008 And just as an aside, I am not a socialist or for a socialist government. I do believe capitalism with ineffective regulation and monopoly controls is a very bad thing though. Link to comment Share on other sites More sharing options...
SkinsHokieFan Posted October 2, 2008 Share Posted October 2, 2008 Has this happening changed your opinions on regulation, merger, and monopoly controls? Well I have always advocated for "corporate democracy" What we have now isn't "capitalism" at all. Its cronism and corporatism. Capitalism doesn't work without a basic set of rules to ensure free competition and the emergence of monopolies. Rational actors need perfect information to conduct business and make rational decisions. You still need the government to act as a "referee" ensuring that rules are followed, not as the head coach, in essence becoming a part of the business (as we are about to see with the bailout) This bailout will do nothing of the sort to fix the problem down the line. Things fail, **** happens. We gotta take our medicine as opposed to printing money and having to take 3 times the medicine 2 years from now Link to comment Share on other sites More sharing options...
AsburySkinsFan Posted October 2, 2008 Share Posted October 2, 2008 Preposterous. Markets will go up and down, and it is not the job of government to prop up the market. Not with interest rates like Greenspan would do, and not with bailouts like our President is proposing. We are being told that "we cannot afford for them to fail" and it is a lie. Now if they fail, we will have a lack of credit. Yes. Then it starts to affect everybody, because you can't get a loan for a car, or a house, or to cover your payroll, or whatever. But solutions for credit DO NOT have to involve helping these companies recoup the losses they took when these mortgage backed securities became worthless. The gov't is capable of establishing lines of credit by themselves. They don't need Wall street to do that. You're right, markets rise and markets fall, just not to the degree that they would fall if a bail-out plan does not go into affect. What's interesting is that you suggest that the government should establish lines of credit, which is still a socialist move to help out capitalists. What's more is that you seem to recognize the need for the government to do something here, because you recognize that if these banks fall then they take a lot of other dominoes with them, and if that happens then it won't be long before Main Street gets hammered. The bail-out needs to happen, but I'm still not satisfied with this bill as it doesn't take investment in the companies and is buying trash for cash, plus it does not go far enough to protect the consumers who made the exact same bet that the banks made with these loans. Link to comment Share on other sites More sharing options...
AsburySkinsFan Posted October 2, 2008 Share Posted October 2, 2008 A lot of GOPers are screaming at the top of their lungsThats why this alabtross didn't pass the first time through the house I wonder if this albatross will meet the same fate this time around...my guess is no. Basically the same bill, with a couple small sweeteners thrown in so that the GOPers can go home and say "I stopped it, then they fixed it." Link to comment Share on other sites More sharing options...
SkinsHokieFan Posted October 2, 2008 Share Posted October 2, 2008 I wonder if this albatross will meet the same fate this time around...my guess is no. Basically the same bill, with a couple small sweeteners thrown in so that the GOPers can go home and say "I stopped it, then they fixed it." Well, unfortantley the screaming coming from DC is going to force people to do something because the market is expecting it. Odds are again, half the conference will vote "no" for it. Hopefully this thing fails, because regardless, unemployment is about to double over the next 2 years Link to comment Share on other sites More sharing options...
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