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Old 10-01-2008, 11:30 AM
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Default Bailout? Not with my money!

If the politicians think they can use my hard-earned money to help bail out a private company, they are crazy. It's not my fault those companies made bad investments. I know...others will say...think of the big picture and how this will affect the economy and I understand that. But the idea of using taxpayer money to bailout a private enterprise is just wrong. Chrysler back in the 1980s survived so why can't others?
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Old 10-01-2008, 07:58 PM
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Actually, I believe Chrysler got some help in the form of government loan guarantees and yet they still paid their creditors something like 30 cents on the dollar (because the government stepped in and wrote legislation forcing the lower rate), so Chrysler was indeed helped. It wasn't the taxpayers who footed the whole bill though. Certainly Chrysler paid back their government guaranteed loans, but the taxpayers still lost on the interest.

None of this was close, however, to the $700 billion that is being talked about today. Really, there are better solutions.

I find it interesting, that large real estate tycoons such as Steve Wynn, Donald Trump and Warren Buffet all disagree with the bailout.

-- Jeff
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Old 10-11-2008, 12:41 AM
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Was this the proper way out. This is not even close to the loses that are there because of the ongoing Economic Crunch.Moreover how it is expected that people will step forward to pool in their hard earned money.

Last edited by sanju123; 10-11-2008 at 12:44 AM.
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Old 11-17-2008, 01:00 AM
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I knew from the very beginning that it was a trash idea. This was just a stupid attempt on the part of the politicians and you see nothing came out of it. This act was just an eyewash.
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Old 11-17-2008, 07:36 PM
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I believe this "crisis" is a result of excesses both in business and personal. We all wanted more and we wanted an easier way to get it. Thus, the credit companies made it so easy to get the credit to buy the houses, big cars, electronics and so on. We all got caught and now we have to reign it in and spend more wisely. All of us! I don't think there should be any kind of a bailout.
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