To: koan who wrote (1057349 ) 2/27/2018 2:15:54 PM From: RetiredNow Respond to Yes, the wars are bankrupting this country. However, bailing out Wall Street like Bernanke and Yellen have done, with Obama's full throated blessing, I might add, have resulted in another $12 Trillion stacked onto our debt. Were Wall Street fat cats really the ones who needed a bailout? I argued vociferously during those times that if a bank was too big to fail, then we should have had our government take it over and sell off the parts and wind it down. However, Democrats wanted bigger and bigger bailouts. I'm never in favor of business bailouts. Let the free market rule. There's nothing better for the economy when bad managers are forced out of business along with investors who made the mistake of investing in bad managers, and then that clears the way for good executives who know how to manage risk and reward. When government gets involved, they ended up rewarding the criminal bankers and absolutely screwing the savers. What exactly do you think 0% interest rates and QE has done to capital formation and to savers in this country? 0% interest rates from the Fed has meant that retired people and poorer people who don't have as much in the way of assets are getting 0% returns on their cash savings. In addition, QE drove massive inflation in everything that matters, even though the gov't hides inflation with the use of hedonics. All of this hammered the middle class.
