I think this Bailout is the Mirror Image of the New Deal

[Wiley50]

Think about it. We are basically in the same mess as we were in 1931. And for much the same reasons: Corporate Greed.

So we are about to elect Obama who has the potential to be our generations FDR.
and if there's anything we need right now it's another New Deal

But this time the crooks turned the tables on us pre-emptively
They come up with this bailout to:

This time instead of bailing out the people with WPA and other public works programs
and restructuring and regulations to prevent the abuses again

This time we spend even more money BAILING OUT THE CROOKS!

and putting us in hock to them for generations

I SMELL A BIG OLD STINKY RAT!

[alittlelark]

1. 'Atlas Shrugged' is also a mirror

Reverse positions, and you get reality.

[babylonsister]

2. No joke, I think you're right. So Obama will fix it, because they can't.

I think he will, with time and intelligence. I totally believe that.

[Wiley50]

4. But See? He Won't Be Able to because they are Spending that Money on this Bailout

[babylonsister]

6. Who is your choice? He will be able to if he gets the opportunity.

Yes, he will. :hug:

[nadinbrzezinski]

3. They could have done what they did in 1929

that is nothing, and that would have led to the crash

They tried first the Japanese model, cutting those interest rates and injecting liquidity? You remember that, don't you? Didn't work... don't know why, since it didn't in Japan either

This is unprecedented

But if they did nothing I can guarantee you a crash

This... may work to stabilize, or not...

Regardless you and I need to ACT now, or what is next, regardless of who gets elected, is an IMF styled austerity plan... Gramn AND Rubin are chicago boys

[Oregone]

5. I think this bailout is a reaction....

Its not "good" or "bad". Its amoral. Its a reaction.

I think this bailout benefits greedy irresponsible businessmen, but it also benefits the common man that would have to live in the alternative environment. This bailout also hurts everyone equally, as the dollar begins another decline and our budget is strained further.

No one knows what to think of this now, or what will happen in 10 years. No one knows what will happen in 10 days.

Its possible the corporations that were irresponsible knew it was coming, but its possible they were too big at the time for the government to talk down off the cliff (which is the fault of the government allowing their size).

I think it is all very complicated. I don't think crisis has room for dogma though. Everyone needs to abandon their automatic hatred of this until we know a bit more. This isn't a democratic or republican crisis, or a rich or poor one. This is an American crisis.

As Krugman said tonight, there are no free-marketers in this crash. I think he is right. :)