SamuelRSmith said:
Tell me, what system got us into this mess? |
Whatever it was, it wasn't Capitalism.
The government has put so many barriers into place for a free-market economy to work. What we're experiencing now is years of retarded decisions by government officials, businessmen, and citizens.
Injecting newly-printed money into the system won't fix problems. Especially given where the bailout is going.
The government shouldn't bail anyone out. It's not their job to magically 'save' the system by creating an imbalance. When the system fails, it needs to correct itself, not be intervined on. Free market capitalism says 'you screwed up, you fix it' which is why Capitalism didn't create this problem - an imbalance in government red tape did.
Where did this issue start? When the government authorized banks (and even incentivized them) to offer loans to high-risk applicants that were minorities in some form or fashion. Banks never did this because it's a bad idea...Till congress in the late 90's got them to do it more and more often. That was government-sponsored, not bank-created. That's where American socialism failed.
How can we fix this system and save the economy? By having the government downsize, and offer more tax breaks to those that will spend more money - the poor & middle class. America has an atrocious track record with businesses between the corporate tax rate, union prevalance, and a litany of other issues....It needs fixed by a market correction, not government intervention.
Back from the dead, I'm afraid.
