Businesses and bankers are being bailed out just so they can lose the money all over again. It sounds ridiculous.
CEO's and top paid corporate executives should receive less pay, instead of giving themselves huge payouts, bonuses and salary increases.
I believe the $800 billion bail out package is a very bad move. The corporate criminals will blow the money all over again at the expense of millions of lower paid workers being forced out of work.
Unemployment in America and around the world is expected to double or triple by the end of 2010. Lots of businesses will collapse due to the financial crisis.
Continuing the war in Iraq and Afghanistan is draining the US governments funds. $100 billion dollars is blown every month just to continue the war efforts. The US know if the withdraw the troops from Middle East it would mean defeat, but if it continues the war on Terror it will further lose money to fund the war efforts.
US falls over the rest of the world collapses at the same time. The pitfalls of Capitalism and market globalisation is the entire world experiences the rises and falls of economic cycles. Hopefully things can turn around within a few years time.
