What are your thoughts about the United States government throwing money at the recession issue?
Posted by admin
Oklahoman asked:
President Obama is going to throw a “$800 plus” billion dollar bailout toward recession relief. Is it just me, or does it seem like the government has a bad habit of throwing money at big problems?
President Obama is going to throw a “$800 plus” billion dollar bailout toward recession relief. Is it just me, or does it seem like the government has a bad habit of throwing money at big problems?
Wouldn’t it make sense to investigate the source of the recession first?
Phyllis
April 4th, 2009 at 10:53 pm
Capitalism has failed, and that’s all America knows. I’m against it. This is how Capitalism works: your business sucks, another company in Japan provides a better product, you go out of business. Survival of the fittest. But when America is losing they want to change the rules of the game.
April 6th, 2009 at 9:01 am
If they spent the time the banks would be gone by now.
Source of the recession is that people have lost confidence in the markets. That is due to price manipulation of the oil market. It is due to poor regulation of the mortgage market. It is due to a President promising change when people with money don’t like change.
So people are taking money out of the stock market. The stock market is nothing but a wall of confidence. When people take money out of the market the money has to come from somewhere. Now. Because if it doesn’t the whole economy collapses.
And that is where the 800 billion has gone. To pay people who are selling stocks even at discount prices.
April 6th, 2009 at 3:45 pm
IT SCKS!!!!!!!!!!!!!!!!!!!!!!!!! RAAAAAAARAAAAAS!!~!!!!!!
April 8th, 2009 at 4:08 pm
With out it, its a depression issue. It was caused by the eradication of big government that started with Reagan. The government must be a watch-dog because without it, big business goes wild lining their pockets while worrying about the consequences later, if at all.
April 10th, 2009 at 1:07 am
There is an atmosphere of panic and astonishing candour. A lady from the board of Morgan Stanley, a Ms. Tyson admitted on a BBC forum over the weekend that many in banking did not really understand some of the
“entities” that were created for investment. An amazing admission and one that would have had me running for the door of the bank with my money. But it was so widespread that many kept quiet not wishing to run the risk that they might be considered not up to the mark.
Investigate the cause of the recession? Difficult to do without transparency of records and deals, which are usually confidential.
Notice that we have been told what was happening according to someone and then told again that there has to be a bailout.
The American government treated the people like dumb hicks that wouldn’t understand anything more than a few sentences.
What President Obama is doing might work. If it doesn’t then they can try something else.
Lack of realisation and intelligence on the part the previous administration has led to the current situation. They just did not see it coming.
All in all there has been no proper accounting, no openess and therefore no certainity that this will work.