Does the USA need a perestroika?

[HappySqurriel]

ckmlb said:

ManusJustus said:

HappySqurriel said:

Although the United States really needs major reductions in government spending (after all the municipal, state and the federal governments are all spending far more than they take in with little benefit for their citizens) I'm not so sure I would follow the example of the USSR ...

I dont see how Gorbachev's reforms of the Soviet Union, where the political elite were given private control of industry, and America's bailing out of big business, is fundamentally any different.  Take from the poor and give to the rich.

If the US government had not intervened at all in the events after the market collapse and the Banking crisis, what do you think would have happened to those same poor and the economy in general? Great Depression, part 2?

It's the lesser of two evils like most stuff in politics ends up being, although I do think more people should have gone to jail for ripping people off which led to the house of cards collapsin, but the rich and powerful have been screwing over the poor and middle class throughout history.

If you look into the deals that have been made, you will see that the government was either remarkably inept or insanely corrupt being that they were so ham-handed that the friends of the administration stand to make billions at the expense of the citizens of this country. Just look into how George Soros will make money foreclosing on mortgages from Indy-Mac because the federal government has insured the mortgages at a higher level than he paid for them, and at a value greater than the current price of the house that secures the mortgage; essentially, he was charged $10,000 on a $15,000 car that is insured for $20,000 where he can do anything he wants to collect the insurance payout.