Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Bread Upon The Water who wrote (105995)	3/12/2009 1:02:26 AM
From: Cogito	Read Replies (1) \| Respond to of 541991

>>The argument is being advanced that what we're doing is neither fish nor fowl and will just prolong the muddling. The gist of it is that you have to help business first and all else flows from that.<< Vinter - Supply side economics. I understand the theory. But for people who don't have enough money to feed their children, and who have no decent job prospects, waiting for businesses to decide it's time to stop laying people off and start hiring again isn't a good option. Such people need help now. - Allen

To: Bread Upon The Water who wrote (105995)	3/12/2009 1:03:57 AM
From: Sam	Read Replies (1) \| Respond to of 541991

What matters is how business is "helped." John posted an article on "Looting" upthread. It is worth reading. There are a number of people who are now wealthy businessmen who got to be wealthy (or at least much wealthier) essentially by using taxpayers to socialize their losses while they absconded with the profits from their enterprise. Helping business turns into a form of corporate welfare at a cost which dwarfs welfare for the poor, and impoverishes many others while enriching a few.