If BushII had backed the partisan political theory many CONs espouse then yes the economy should have been allowed to drive off the cliff like it routinely did in decades past. Millions more of Americans would have been out of work as the cascade of business failures would have been far more wide reaching.
(course if CON economic philosophy was worth half a bucket of warm spit the 'invisible hand' would have stopped the bus before it got to the cliff and no CEO would have let his corporation engage in risky practices for short term gain) Remember those gems??? :roll:
As far as bankruptcy goes, the CONs pushed hard to limit that option as a loser's way out. Have you ever declared bankruptcy? A close friend did because of major medical bills even though he had pretty good medical insurance at the time. He was 300,000 in debt AFTER his insurance was done picking up it's part. He worked two jobs but finally gave in and filed. I NEVER want to go through that- EVER. (I don't think you do either)
Keeping our economy from tanking as bad as it did ROUTINELY in the past, a quick study of our nation's capitalism shows recessions and depressions as a dismally common rate of occurrence. Unbridled capitalism does harm a nation. I'm more of a fix the problem and then hang the bastards but when lobbyists can get regulations cut and laws past it is difficult to punish those who wrecked the economy without ruining the lives of millions of 'innocent' citizens.
Odd thing I noticed, the concept of 'innocent being harmed' in the CON world. Millions of hard working Americans would have their lives thrown into chaos and financial ruin by a cavalier attitude of 'punishing' businesses who's CEOs and major players have gold plated ejector seats and golden parachutes for just such emergencies.
I don't see allowing businesses to collapse as punishing anyone but those millions of Middle Class Americans who's careers are now ruined but not even a paper parachute from 'corporate', millions of Retired Americans who's 401K is now worthless, and millions of Americans who never earned a penny working for or investing in the collapsing businesses but now are out of work as the collapse ends the customers they relied on.
That's a trickle down Reagan never wanted to believe in....
eace
