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 Posted: Fri Jan 23, 2009 12:04 pm
Well, the governments gone and done it again. They've decided to interfere with the economy even more with another $800 billion of taxpayer money (a.k.a. stolen money.) All research on this points to the fact that bailouts simply don't work, so why do so many so-called "economist" seem to be reccomending it?* The reason, I think, is Consumer confidence. The Governemtn seem to think that if they promise massive bailouts and assistance, confidence in the economy will skyrocket, and consumer spending will increase. It is just like a placebo, the bailout itself has no real value, (and might even be harmful,) but it makes people THINK things are getting better, which might lead to them actually getting better. What do you guys think? Is the Placebo effect what Obama and his team are really after, or do they honestly think the "stimulus package" will actually make things better?
* According to CNN.
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Posted: Mon May 04, 2009 3:18 pm
As un-libertarian as this may sound, the UAW is a primary source of the american auto industry's failure. with rising oil prices, we, as americans, exercised our freedom to hemmorhage money in Japan's direction for their cars. Because the american auto industry has FAILED to keep up. it will CONTINUE failing to keep up as long as the UAW is in place and demanding ridiculously high wages for bullshit work. my fix: college students.
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Posted: Thu May 07, 2009 11:52 pm
I think it does what it does: bailout companies, nothing more. As for permanently fixing economic downturns, I don't think it has. For a variety of reasons, people don't have much confidence in the bailout. Seeing as many Americans, with homes or no homes, have personally seen some of their capital decrease somewhere, pension plans or whatever, many are clingy with their money.
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