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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (555188)3/15/2010 7:34:15 PM
From: tejek  Read Replies (1) of 1576324
 
Ted, > No one is claiming America is "too big to fail".

Of course no one is publicly claiming this. Few want to even consider the possibility of failure, much less come up with ways to clean up our act.

My point is just the opposite....there have been any number of articles claiming America may well be in decline. It started in the latter years of the Bush administration and the chatter has increased during the past year.

The mentality of "too big to fail" revolves around taking everything for granted. Too many people considered the great GM to be "too big to fail," so they never prepared for the possibility that GM could go bankrupt. Too many people considered the financial institutions to be "too big to fail," so they never considered what could happen if the market for derivatives collapsed like a house of cards.

Are you not flexible enough to take into consideration that external factors may come into play when such decisions are made? Too big to fail may not have been a problem in the late 90s when things were booming. However, last year, loosing both our car and bank industries in one fell swoop would have seriously damaged the American economy and put the nation into a depression. Why do you ignore this salient point?

I hear liberals always talking about the way things should be in a country as rich as ours. I can understand wanting to help the poor, but most of their policies take that richness for granted.

Now you are switching gears.....another criticism that is leveled at you frequently by those you perceive as your opposition. Is that your real axe.....that you don't want to help the poor rather than America is not too big to fail?
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