Quote:
Originally Posted by Azure
Because the government is hell bent on burning as much money as possible hoping that something good comes out of it.
Personally, I think nobody in the Obama administration knows what the heck is going on, or what they should do to fix it. So they're just throwing money into the wind hoping that something happens.
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The oldest concept in the world except for prostitution is that you have to let some business die. Thats one of the benefits of a economic crisis is it forces companies to either be agile and change their business model or die and someone else comes in to take their place in the market.
I've never been a fan of government supporting businesses, and I think that the U.S. governments drive to throw trillions of dollars into creating a false economy is going to fail now and not only cause a great deal of future down the road, but its going to also stretch out the recession in the states and create a business environment that's not only completely dependent on the government but is never going to be able to or have the desire to pay back these bailouts.
Sometimes the best thing that you can do is sit back and let nature take its course, let the crappy companies take the hits and die.
Bailouts to me just don't work long term or even short term.