You guys have no concept of the long term consequences. It's utterly amazing. Everything I read from you guys are short term benefits, but you never talk about the costs.
With the banks, this "never let them fail" philosophy means they take greater and greater risks, because when their bets pay off, they get to keep the profits and when their bets fail, the taxpayer picks up the tab. Is it any wonder we have $16 trillion in debt and a Fed that has printed more money in the last couple of years than in all of its history combined?
"Let them fail" is not an inhumane concept, but rather it is found in the natural processes of almost every healthy system on this earth. "Never let them fail" is a recipe for long term disaster and it is destroying the US economy as surely as Communism destroyed Russia, Cuba, and every other country that has tried it.
According to your philosophy, why don't we apply it to every situation? If your neighbor decides to quit working and not pay his mortgage, let's band together and "never let him fail" by paying his mortgage for him. Or better yet, let's pass a law where the government can force all of us to pay for that delinquent's mortgage. How humane!
Please, this Communism that all of you guys have fallen in love with will destroy this country. Wake up. There is no free lunch. |
