Reasons I was against the " government bailout".
1. It was too rushed.
2. It gave unbalanced control as far as deciding who would receive money and how much.
3. The government needs to stay out of private business. If they bailout the banks, who will be lined up for handouts next?
4. The markets need to self correct, they were over-inflated. If the govt leaves them alone (and stops causing panic), it will work out.
and last but definitely not least
5. I couldn't sleep very well at night knowing my children and countless generations to come have been left with that huge debt to repay for no other reasons than greed and stupidity on the part of the lenders and those they lent to.
1 comment:
thanks for the post. i wrote something similar on my blog to.
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