John1234

Yeah i considerd this too but just figured that i don't know enough of how it works.
But now that someone beat me to saying it lol...

The bailout equals 10 thousand dollars from every Household in America.
(According to multiple politicians and pundits)

What if the government gave us each 10,000 dollars instead of giving it to the businesses that screwed up and taking it from us.

Can anyone explain how this would not work?

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L410

The government and the super rich are trying to avoid the inevitable. This country is stolen land, the majority of its citizens are the relatives of stolen people, it was built with stolen money and all of the stolen peoples blood, sweat and tears. There is something called karma and this is theirs. All the bailouts, stealing even more money and telling lies cannot prevent it.

Ethereal

The problem a lot of people have with the bailouts isn't necessarily to whom they would be going (although this is certainly an important part) but rather the manner in which this money would come about. The fact is this money is being created out of thin air in order to artificially prop up prices, this is unsound monetary policy. You cannot effect economic stimuli by infusing the economy with more money as this will only contribute to inflation, which, consequently, would offset any percieved boost to the economy.

The entire reason we find ourselves in this quagmire is because the Fed has been keeping interest rates artificially low while pumping the economy full of cheap money, couple this with the government facilitation of high-risk lending practices and you have a recipe for economic disaster. So, what's their solution? The same thing that got us into this mess in the first place - a massive influx of money and the idea that only Washington elitists know what's best for the economy.

MC.no.spin

I'm not "going after your credentials." By that I would be inferring I have better ones. I make no such claim. I am merely pointing out that experts have weighed in on this measure, and from the ones I've read, are behind it.

In your defense, there apparently are some expert economists giving rebuttals to this plan, which I plan to read.

I'm aware of this opposition, but don't give it much weight, as they are less in tune with the economic repercussions were this plan not to be implemented.

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Ethereal

Nobody disagrees that the bailout will provide temporary economic relief - this we know - but what these experts fail to consider is the long-term or comprehensive effect such a policy will have. The crux of the issue is this: we have the easy way out and the hard way out. The easy way out is politically convienant and seems less painful than the alternative but this situation is similar to the drug-addict who is trying to get one more fix. The other solution is to let the market correct itself. On it's face this seems painful, and it is, but it is the only long-term solution. We can suffer now and be drug-free in a year or we can get another fix and pay for it down the road, perhaps never getting clean. America is addicted to easy solutions and easy money. We can quit cold-turkey, suffer the withdrawls, and have long-term security restored, or we can continue down the same road that got us here in the first place.

Cephus

Exactly. The bailout isn't a solution, it's a bandage to avoid dealing with the real problem. Every time you see Bush talk, he says we have to bail out the banks so they'll keep giving out free and easy credit, but that's what got us into this mess in the first place. Banks and lending companies need to stop giving out credit to people who can't handle it and default on loans, etc. America has to learn to live within it's means, but that's not a quick fix for making the economy look good, even though it's completely rotten at it's core.

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Goobieman

Is it too late for me to default on my mortgage? I need in on some of this.

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Iriemon

The market doesn't always correct itself. It is psychologically driven and fear feed on fear in an overreaction. Another great depression while we wait for the market to correct itself is not in the general best interest.

Iriemon

The problem is the institutions are now too large and intertwined in financial dealings to let fail without sever economic consequences.

What we need is a return to antitrust enforcement and regulation to prevent companies from being "too large to fail".

dirtpoorchris

We need to bust them up. Im grew tired back in the day of paying 80 dollars in overdraft charges because the bank CHOSE to stack my transactions opposite of what I did and make four 5 dollar transactions on a friday when I really made um that earlier monday. So they get to hit me with 4 overdraft charges instead of having the large amount come out last when I started it 4 way after the little ones! These people are evil.
Im glad my WaMu died.

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