slimeattack on 31 January 2009
| That Guy said: that's great on paper and everything but what happens is when a large company fails, (like AIG) too many people would be left out on the street and if it takes longer than 6 months to a year for another to take its place, then those people would be SOL. If there are enough companies around, then the government won't give two craps about it. For example, Merryl Lynch went under and then got bought out by Bank of America. Sames goes with Wamu getting bought out by Chase. Circuit City is going out of business, and the Government isn't bailing them out because there are other companies out there that do the same thing (or better) |
I would say that AIG is too big to bailout. All this is costing taxpayers hundreds of billions which will never be returned, but which will have to be repaid as foreign debt or destroyed and cause ANOTHER recession. Bailouts and bailouts will, at best, cause something called "stagflation".
You are right that those people will have a problem if they don't find a job quickly, but think how hard and costly is it for a small business to hire a worker. The government should fix this problem, instead of throwing welfare at the banks and big corporations that caused the crisis.
