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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: RMF who wrote (71409)	9/2/2009 3:40:32 AM
From: Jorj X Mckie	7 Recommendations Read Replies (1) \| Respond to of 224718

People in the U.S. seem to think we are somehow SPECIAL and we don't have to suffer the same fate as others. The people who think we are special and don't have to suffer the same fate as others are the ones who try to avoid paying for their economic sins at the cost of their children's future. Who do you think is shouldering the bailout? We don't get a free pass, no matter how you want to spin it. If we let the banks fail we could start the recovery. Instead we have prolonged it and pushed the real economic trauma out to a later date. So yes, look at Japan, the reason that they are STILL in economic doldrums is because of their government policies. Raising taxes....keeping up to 17 million employees on company payrolls who do not need to be on the payrolls. Articially keeping companies from going bankrupt. We have to pay the piper someday and I'd rather do it now when I am able bodied rather than when I am retired and then letting my son pay for our generations stupidity. you obviously think that the stimulus and bailouts don't cost anything, but they do. YOU are the one is spoiled, you are the one who seems to think you are special. I am a simple man who thinks we should pay our bills and that if a financial institution had inane policies that let it get insolvent, let them go bankrupt.

To: RMF who wrote (71409)	9/10/2009 1:08:23 PM
From: TimF	1 Recommendation Read Replies (1) \| Respond to of 224718

Study what happened in Japan after THEIR real estate bubble burst. And that was AFTER they pumped in gazillions of dollars. Which is a good argument for not pumping in gazillions of dollars. There have been a LOT of Countries (empires) that felt the same from the Sumerians to the Babylons to the Egyptians to the Greeks to the Romans, etc. Those states lasted a long time, the fact that nothing lasts forever is not a justification for a massive increase in government spending and power, esp. in the context of government intervention (for example Roman price controls) contributing to the problems leading up to their downfall. In any case none of them fell because of the popping of a real estate bubble.