Conservatives and The Bank Bailouts

[kill9]

How can any conservative with a serious face tell you that the market can handle themselves after the billions in bailouts?

How can a conservative still stand for the republican party after putting our great-grandchildren in debt?

Can you answer these questions, or are you gonna go on a retarded "libbie attack" escapade.

 

[NoDrama]

How can any conservative with a serious face tell you that the market can handle themselves after the billions in bailouts?

How can a conservative still stand for the republican party after putting our great-grandchildren in debt?

Can you answer these questions, or are you gonna go on a retarded "libbie attack" escapade.

90% of the USA's citizens were against the bailout, liberal and conservative alike. The bailouts were designed by and for Wall Street. The US government positions at the top end are completely filled with people from Wall Street. So I would suggest you go ask those people instead of falsely blaming others for your views.

Wall Street = US government US Government = Wall Street.

 

[Johnnyorganic]

How can any conservative with a serious face tell you that the market can handle themselves after the billions in bailouts?

How can a conservative still stand for the republican party after putting our great-grandchildren in debt?

Can you answer these questions, or are you gonna go on a retarded "libbie attack" escapade.

The bailouts were a terrible idea. I said it back then and I'll say it now.

When a system is set up to fail, bailouts become essential. But hey, it worked. Government saved the day and the Big O got himself elected.

The problem is the firemen set the fire, arrived to put out the fire, and never plan on leaving once the fire is out.

If I had made the call, there would have been no bailout. But that also goes for anti-capitalist rules, regulation, and laws designed to chip away at the system until it fails, thus requiring government intervention.

Markets ebb and flow. Left to themselves the markets will recover. That's capitalism.

 

[CrackerJax]

Yepper, no argument here either. I have always been against bail outs.....let them fail.

Guess what though, Bush was no conservative.

Guess what else, Obama is Bush times the power of 10. So unless your are rabidly against what is going on now....your are being hypocritical to the max.

Think it through.

 

[hanimmal]

I was for the bailouts.

The destruction of so much money that would have happened if the banks failed would have been devastating to the country.

All the money in the banks is peoples savings, when you stop a bank from collapsing you are stopping our money from being ruined.

If those banks had failed not only would the government had to have paid out several times more money in insurance payouts (FDIC) but then the whole financial structure would not have been there to help aid the money flow for businesses to get back on track as this deep recession ends.

One of the largest reasons that the great depression lasted so long was that the financial system had collapsed. With no money being circulated around the country businesses where not able to effectively grow and open up. That meant that Americans suffered by not having work, which meant that even less money went into the system, on and on.

Do I think that the bank managers and owners, executives and salesmen all deserved to lose their jobs and careers for their bad decisions? Absolutely. But to cut our nose off to spite our face was not the way to do it.

When we are out to basically swindle every penny we can as a society this is where we end up.

 

[CrackerJax]

No, you let the books clear....you don't throw good money at bad books.....you don't let the govt. decide which bank stays and which ones go. You just don't...unless you think living in a Banana republic is neato keen.

 

[StreetRider]

I love how the bail out is going to cost our children. What about the $9 trillion in debt the next guy ADDED to the deficit.

Dem or Reb. They are out for themselves. How many POOR members of cCongress are their? None!

I just love how people make the last 8 years so bad, but keep a blind eye on the future being played out. If you hated the past 8 year, wait and see what the next 16 have instore.

Our country is screwed up, but going broke is no way to fix it.

 

[CrackerJax]

Not all of Bush's fiscal problems were self inflicted...... remember when he was President (and we weren't being buried in debt forever and ever) and almost every day you could hear the news and lib's screaming about the cost of the war ...per day no less. All true...war is expensive and made a good chunk of the deficits .... the rest was created by Congress....a Democrat controlled Congress.

 

[hanimmal]

I agree without the bailouts this country would have been devastated. I was ready to deal with that. That is how we as a nation learn and grow and become better... we suffer the consequences of frivolous spending and borrowing more than we can pay.. and lending to people who we know can't pay us back. It seems the government has lost it's purpose and has decided that it is their purpose to make certain no one has to suffer the consequences of their choices.

Most of the working generation would have been fine if it was another great depression, and our children may have been better off as a result of letting the system collapse at least for a few decades until the next one hit.

We would have had time to adjust and adapt to the new situation. But the almost retired to elderly would have been the ones taking the biggest hits. Their lives would have been devastated because they need the money that they have saved throughout the years. It was mostly their money that would have been lost.

And that would mean that us and our children would still have payed for it their devastation. And the wealthy would have still made out like bandits because as everyone sold off their stocks for pennies on the dollar, they would have the money to buy them up and sit on them until the market came back.

The only way to put this on the people that caused it is to tax the top. They are the ones that decided to make the mortgage tools that caused this. They are the ones that lobbied to have the regulations taken off them, they are the ones that have their money overseas to avoid taxes that we have to pay.

I agree that we need to have the burden of this put on the people responsible. The people that have gotten themselves in too deep are suffering, but the people that gave them the rope to hang themselves are not.

But the way to get back at them that is allowing the banks to fail, doesn't really affect them. The banks are corporations so that means the people that run them don't lose anything really. It is the people that have their money in them that lose out, and that is us.

Not all of Bush's fiscal problems were self inflicted...... remember when he was President (and we weren't being buried in debt forever and ever) and almost every day you could hear the news and lib's screaming about the cost of the war ...per day no less. All true...war is expensive and made a good chunk of the deficits .... the rest was created by Congress....a Democrat controlled Congress.

I agree both sides are out of control with spending money. But war is not worth the money, spending it on the countries infrastructure so that we can make money off of it in the future is in my opinion. And the Dems did not control until 2006, so they only can be blamed in part for 2 years of the mess directly. Not to say they wouldn't have made the same mistakes, but it should be said that it is everyones fault up there.

 

[CrackerJax]

No depression has been averted...it was never coming.... but now? Now, it could happen.

We are repeating the mistakes of FDR. Most economists agree that FDR took a recession and turned it into a 16 year depression.

This is exactly what Obama is doing.... wrong, wrong, wrong.

 

[hanimmal]

No depression has been averted...it was never coming.... but now? Now, it could happen.

We are repeating the mistakes of FDR. Most economists agree that FDR took a recession and turned it into a 16 year depression.

This is exactly what Obama is doing.... wrong, wrong, wrong.

I disagree with this. Most economists would give that credit to the banks failing. People did not have a way to save and so very little money circulated the economy through loans. That meant very little businesses opened or grew.

WW2 allowed people time to save up a lot of money (because they couldn't spend it) and afterwards everyone spent and spent that allowed for the suburban boom and highways and infrastructure spending that lasted decades until now really.

FDRs spending was too little too late and had no support from a working financial system.

 

[doobnVA]

More stereotyping, lovely.

I will defend the conservatives on this one, even though I don't agree with (most) of their politics, because it was NOT solely their fault.

We're all in it this time.

that being said, most of the population doesn't, and never did, support the TARP bill. We only have our fearless leaders to thank for that enormous clusterfuck.

Did it help? Well, I guess that depends on who you ask.

I'm not an economist, but didn't bad loans get us into this mess? How does it make sense that MORE bad loans will get us out?

 

[hanimmal]

p.s. people seem to think that this money has been burnt. It was a loan. Should all be paid off well within the next 10 years.

And even the money that was part of the stimulus package ends up back into the government.

That money is paid in the form of new wages, 25% or so right back into the coffers of the gov't. The rest gets spent on w/e those people make commisions off of it, there is another 25%, on and on. But what it does do it the rest of the money helps to prop up the economy until real recovery happens. This way everything doesn't collapse.

 

[medicineman]

Not all of Bush's fiscal problems were self inflicted...... remember when he was President (and we weren't being buried in debt forever and ever) and almost every day you could hear the news and lib's screaming about the cost of the war ...per day no less. All true...war is expensive and made a good chunk of the deficits .... the rest was created by Congress....a Democrat controlled Congress.

Wait a minute cracker, the first 4 years was totally repukes controlled, so you can't blame the dems for, that. The next 4 were Veto by bush years, so Bush has the whole responsibility of those 8. I have to agree with the outlook under Obama not looking much better. It seems he likes to, ride in the big flying luxury hotel in the sky so much, he's sold out the people that got him elected. I'll never vote republican, but I will refuse to vote for Obama in the next election unless he at least gets the public option into medical Reform. One less voter for Obama! It will be interesting to see who shows up at the democratic convention to challenge him, probably no-one. Maybe Dennis Kucinich.

 

[ViRedd]

1. I am a conservative.

2. I am not a Republican.

3. The Republican Party is NOT a party of conservatives. The Republican Party is a party of statists.

4. The bailouts should have never happened. The self-inflicted, troubled banks/financial institutions should have been allowed to fail. Other solid institutions/investors would have bought the remaining assets and continued on in a more responsible manner. We now have evolved into a system whereby if you take a risk and you win, you win ... if you lose, the taxpayer will pick up the tab ... providing that you are well connected and have paid your share of tribute to the liege lords in Washington D.C.

5. Government cannot spend the country into prosperity, no matter if the name in the Oval office is FDR or Obama. There were more unemployed at the start of FDR's third term than there were at the beginning of his first term. His programs were nothing more than wealth transfers. Obama is attempting the same.

6. FDR prolonged the "Great Depression" with his socialistic, unconstitutional policies ... and Obama is doing the same.