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Yan | Do you support the bailouts? |
Personally, I don't. Sure, if the government does not bail corporations out, it probably means the loss of jobs and some damage to the economy. I think that in the world of business, it should be laissez faire. If you have a business and people like your business by buying your products, then you should enjoy the right to reap the rewards off it. If your business suck, churning in unwanted products to the marketplace and wasting the nations resources then the business should be allowed to fail to give way to people who can have a better vision and who can have a business the way it is intended to be--to make profits on its own by turning in superior products that the public needs or wants.
The current bailouts for companies like AIG and possibly GM sends the wrong message in my opinion. The short term effects are positive but in the long run, how can we be sure that they will not continue to suck and suck the governments money.
What are your thoughts? |
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Eric B.
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The government isn't interested in ideals. They're interested in being re-elected. By not supporting the bailout, they're sending the cold messaget that they don't care about our economy.
I agree with you. A "free-market bailout" is an oxymoron at its finest. Capitalism played out perfectly - the strongest players thrived, got rich, and got greedy. |
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yash
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if you own a company in middle class america and you go under theres no one coming to bail you out. Your screwed. So why are the CEO's of these companies getting millions in severance pay and bonuses. i mean who gets a bonus when the company is bankrupt??
if we bail them out to save others jobs , ok then we need to regulate them and their CEO's should not be taking a big chunk of our hard earned tax money. |
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Travis
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A HELL NO just doesn't even seem to sufficient. |
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pin6uin0
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Noo bailouts jail for frauds |
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beancounter
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I'm all for laissez-faire myself as well. Free markets ultimately create prosperity for all. But in a free market you should be feel to fail.
If a company is "too big to fail" it's simply too big. If a company knows it will receive a government bailout it's likely to take on far more risk than is prudent. Which gives it a competitive advantage - and you no longer have a free market. Fannie & Freddie are the best examples.
I've heard no one talk about it but I'd love to see our anti-trust laws looked at again. It's likely we'll see GM (and Ford & Chrysler) bailed out & we'll see two survive. I'd rather see twelve or twenty companies come out of that. We'll see more innovation, lower prices & it wouldn't nuke the economy if 1 or 2 failed. |
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Frequency Holder
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Yes and AIG continues on with their careless spending, as shown on tonights news, another "resort" visit. We all should care about where the bailout money is or is not going. If we all really want change "the buck needs to stop here" (no pun intended) |
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eric c
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I don't like the bailouts and I think it can send the wrong message. However when facing a economic catastrophe, extraordinary action may be necessary. Most business do not fail because they sell unwanted products, they fail due to poor cash flow. This means they don't have the cash to make it through a prolonged economic or seasonal slump. Would you like the government to stand buy and do nothing as business after business fail? That can lead to massive unemployment and a depression. While I don't like the idea of government assistance to private business, I don't like the idea of a depression even more. If AIG fails, or another major insurer for that matter, the economic backlash could be huge and cause a major economic collapse. If a you were told by 3 different doctors that you would have to cut off an arm or die, would you? You would not like it but you would probably do it in order to avoid death. That's about how I feel about the bailouts, don't like it but it is probably necessary.
Most business are not, and will not be started or run with the idea that its ok to make bad choices because the government will bail them out, they are done with the expectation of making money. In all likelyhood companies will be better run after this mess is over as the lean and mean make it through and gain market share, poorly run companies will lose market share and may fail or be acquired by the best run. |
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Hertha
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AIG is a insurance company that the other companies need. When you buy a HUD house through Freddie Mac, the other companies will not insure you. So your saying the poor people should not even get a house since no one will insure them and let the bigots insurance carriers rule saying we don't insure bums from your neighborhood. NO, this is bad for America. However, I agree with no GM bailout since no one but the poor people buy their cars anyway.......but a certified Honda is still a Honda. |
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muncie birder
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I am not in favor of the bailouts. At one time there were laws against companies becoming monopolistic. AIG certainly fits into that category. Now we know what happens when these type of laws are ignored by the Wall Street lackeys. It winds up costing the tax payers really big bucks. Heck if it were not for the big bail out costs we could piss the money away on more toys for the military. |
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