repeter
DP Veteran
- Joined
- Apr 2, 2009
- Messages
- 3,445
- Reaction score
- 682
- Location
- California
- Gender
- Male
- Political Leaning
- Centrist
Absolutes work, if you let them... just because you don't want to deal with the pain of a true recovery does not mean it was not the better option. It is a simple point...when companies cannot compete.. they need to fail... not get bailed.
Yes. We should have let all our major financial corporations along with our automotive industry all collapse. First of, our unemployment would be a hell of a lot higher then 9.5%. Next, no one would have any trust in the remaining banks, and they would fail soon too. Overseas, it'd be the same thing. The world economy would collapse, millions upon millions of people will be unemployed, and our governments won't be able to support them. Any person to honestly want that is either insane, or a sane fool.
This would have been several times worse than the Great Depression, and we wouldn't have a world war to save us. We'd be screwing ourselves for generations to come.