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F=MA

F=MA

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a little education/enlightenment without this turning into a political thread.

Keep in mind this is from the conservative (and repected) Wall Street Journal...not a "liberal media" source...nor an A.M. radio or cable "news" demagogue.

It's an interesting read about various "bailout" programs, their actual utilization, and some of the benefits we as a nation are receiving as a result.

Try and keep the dialogue civil my friends, as many here could benefit from a better understanding of the facts, instead of the hype, behind government efforts to avert a collapse of the financial system.

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F=MA said:
a little education/enlightenment without this turning into a political thread.

Keep in mind this is from the conservative (and repected) Wall Street Journal...not a "liberal media" source...nor an A.M. radio or cable "news" demagogue.

It's an interesting read about various "bailout" programs, their actual utilization, and some of the benefits we as a nation are receiving as a result.

Try and keep the dialogue civil my friends, as many here could benefit from a better understanding of the facts, instead of the hype, behind government efforts to avert a collapse of the financial system.

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2...

1...

go
Click to expand...


Wall Street Journal not a liberal media source! :rofl::rofl::rofl::rofl: That's like saying James Dobson is left wing. :rofl::rofl: That was pretty funny! We'll I'm glad old WSJ confirmed they haven't spend ALL the money yet that's been allocated. Wow, what a relief! I'll sleep better tonight. :whistle:
 
Doing my best to stay apolitical here.

If you're really interested in what happened during FDR's administration and how it compares/contrasts to today's situation, begin reading here

New Deal - Wikipedia, the free encyclopedia

IMO, a very interesting quote from the article is, "
When the Gallup poll in 1939 asked, 'Do you think the attitude of the Roosevelt administration toward business is delaying business recovery?' the American people responded 'yes' by a margin of more than two-to-one. The business community felt even more strongly so"[36] Treasury Secretary, Henry Morgenthau, angry at the Keynesian spenders, confided to his diary May 1939: "We have tried spending money. We are spending more than we have ever spent before and it does not work. And I have just one interest, and now if I am wrong somebody else can have my job. I want to see this country prosper. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises. I say after eight years of this administration, we have just as much unemployment as when we started.[50] And enormous debt to boot."

To fully understand the opposing economic theories you have to do a little more reading
Keynesian economics - Wikipedia, the free encyclopedia
vs.
Milton Friedman - Wikipedia, the free encyclopedia

and finally
Laissez-faire - Wikipedia, the free encyclopedia

Once you have read all of those articles you'll be better armed with the knowledge to form a better opinion of what is happening around us.

------------------------
I used all wikipedia entries because they are generally easier to read for the layperson. I've read each of these articles and saw nothing outright incorrect or biased and feel they are a good resource for this subject for my brethren to expand their base of knowledge on economic theory
 
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:rofl:"The Bailout Is a Bargain":rofl:

That article was all hype and spin :banghead:
It's also assuming that the "bail out" works :rofl: and we
just didn't pis away billions of dollars.

We bailed out the rich to keep them rich, I haven't seen or heard
of anyone benifiting on their mortage or forclosure worth even mentioning,
on top credit being tightened up even more.

The govt' continues to print money out of thin air, that means that the
value of your dollar, even if you get to keep it...is worth less. Maybe not today
but soon, the only possible "saving grace" is that the crisis is worldwide so
the value of the yen, lb, etc. is also devalueing, so maybe it evens out.

We make the automakers grovel and then hand them billions, after which they
(GM) are contimplating bankruptcy anyway. (while our outstanding congressional
leaders jet around the country at their lesure on taxpayers money)

Shall we bring up the Dodd amendment fiasco...???

What was the final "stimulas package" tally, 800 billion or so...and we give
money to groups like Acorn (makes me ill). Glad we were vetoing pork barrel
spending.

And in typical fashion, the end of the article points the finger at "the last 8
years" to make the current ineptitude, misdirection, bull in a china shop spending
....seem o.k.


And thats the begining. I think WE should have gotten a bailout if anybody
does.
 
A challenge: read the articles and show me why it "sucks"

I took quite a bit of time to review those articles before I made that post. I also took the effort to ensure that I was not merely repeating what the talking heads told me to believe.

Not one time did I mention any political philosophy or cause. I only talked about history and theory.

So I disagree. This thread is not "officially political". Yet. Please let's not go there.
 
I would rather have taken our lumps and allow the free market to have recovered on its own than to prop up failing companies and create a stronger government as a result. We're just feeding the monster, but one day we will be the food too.
 
I have something to contribute, but it will have to wait as I have a thirteen hour workday in my immediate future.

Pretty decent job so far guys & girls. Keep up the respectful dialogue.
 
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