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TheRealMafoo on 01 October 2008
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Rath said:
TheRealMafoo said:
Lingyis said:

the problem with all this opposition is simply because the vast majority of people simply don't understand the problem--at all.

I agree with you, but I agree for different reasons.

My opposition to the bailout has nothing to do with if it will work or not. it has everything to do with if our government should have the authority.

I am not a fan of torture, but it works. For me, the end does not justify the means. Trying to stop evil in the world by being evil is not a solution.

I see the same thing here. Socializing the economy is not the answer. Even if it works on a limited scale, is it worth what we give up in principle? I don't think so.

I will take the pain of a recession to hold onto the freedoms that my constitution gives me. I am not willing to give them up for a quick fix. The reason everyone does not think this way is simple:

"the problem with all this opposition is simply because the vast majority of people simply don't understand the problem--at all."

It's not the problem of economics I am worried about.

So lets throw out a hypothetical situation - the economy does collapse due to this bailout not being passed and the government loses out big time (Lets say $7Tril). Would you find this prefferable to the government trying to prevent this problem and losing $700B?

(Both numbers are pulled out of my arse, I have no idea what a depression would cost the government and with this deal losing all 700B would require some extreme incompetence.)

 

Yes.

First off, the Great Depression was caused my the government not following the constitution, and this economic crisis is created for the same reasons, but let's not go there for the purpose of this discussion.

We are broke. We have no money. The way we deal with that, is just make more up. This is a bad idea. It devalues all the money, and causes inflation. This means the poor get poorer. Who cares if banks lend money if no one can afford to pay for a loan.

We got into this mess because the government tried to pull up the lower class through questionable means. If the bailout happens, the government is going to punish the lower class through questionable means.

The market went up today. A day the government did nothing. If we were really in the economic position to have a great depression, the market would continue to fall. We are no where close to what it would take to enter a depression. But we are back on economics again....

It's hard to talk about an economic problem without talking about economics.