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Economic Crisis
Topic Started: Sep 24 2008, 07:28 PM (406 Views)
AwaKening
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How do ya like me now
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I want to hear your thoughts on Bush's and Congress' plan to resolve the crisis with Bank Forclosures.

I for 1 think there has to be a better way than to just bail them out of their mistakes. My parents lost thousands of dollars on the stock market many years ago and seemed to recover just fine on their own. Bailing out a company, no matter how big, just proves that you can fuck up and get away with it. If no lesson is learned, they will just do it again. Just look at all the people who file bankruptcy. They never file just once, because they've seen there is almost no consequence. It needs to stop. People need to learn their limitations.
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0chspelar
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Grammar Nazi
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imo bailing out is not the way to go for anything. I agree with you.
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iMaster_Toker
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Grandiose Godfather/I BOW TO NAGA
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Yup, they need to learn their own mistakes and live with it, instead the govertment kept giving them money, which they never learn a fuckin lessions, and kept repeating same dumb mistakes...

~Riski~
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0chspelar
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Grammar Nazi
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Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime.
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imdeafsowhat
Clan's most Cruel Elite Sex Driver
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I wouldn't invest in something ilke that. Too risky.

Investing is always risky. Blah.
"Ignorance is bliss, why aren't people happy?"

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MaziarShah
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economy is too complex for me. Economy>Me. I<3$
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0chspelar
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simplest economic laws to learn are from the Austrian school of economics. Its easy, printing money is bad because its causes inflation, thats the definition of inflation. Its especially worse when that money isn't backed by anything tangible of value, like gold or silver, the gold standard was put in before the 50's and look at how great life was , but nixon couldn't fund the vietnam war so he took us off the gold standard so he could freely print money for the war, and look at it now 800 billion for nothing, not to mention the entire cost of the war on "error". When politicians print money , the money in your savings account, the money your hard work earned, is devalued because now there is more currency in existence.
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