Well i'm for it, i'm well aware of the fact it's very unpopular in the US, also showing most probably Bush's weakest day ever. The problem is the companies started to get this arrogant and these problems occured because limitations and legislation were relaxed allowing the business's to do these dangerous things in the first place.
If a bail out isn't done, the companies won't recover fast, US will probably slump into more of a recession and that's scary, sure it'll mean the government will have to intervene and that many US taxpayers will have to pay a high price, but if the price isn't paid now it'll mean a steady decline for the US. In the end how else is the economy going to recover if no one is there to fix it ?
The big corporations will shed employees, they get unemployed, that'll effect hundreds of other business's and so much more the knock on effect will be devastating for an economy that's already in a recession.
I understand what EzikialRage is trying to say, but I think this one off thing must be done and legislation must be put in place to prevent it from ever happening again, as for "company , business should not exist" , if they didn't it would be a severe blow for the US economy.
As it stands right now, European countries are doing a lot for their own countries, mostly related to the banking sector to try and make sure that things don't go into chaos. In comparison (Percentage compared to overall size etc of the country) Europe is putting a lot more money in to try and buffer the effects, it seems to be having some good effects so far.
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10-02-2008, 09:39 PM
thanks beefjurky ;p
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