The 2008 Bailout
Created on: December 4th, 2008
Preliminary statistics. Adjusted for inflation. The actual cost of the bailout will probably be more.
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| ?LOL NORTH KOREA BLOWS UP MOON? by kylerstfu |
| User: kylerstfu |
I like how everyone seems to interchange the bailout plan which was valued out at $700 billion dollars with ever single dollar that the government has invested in virtually every program thst ISN'T the Iraqi war this year and assessing it as part of the 'bailout'. I also like forbes' fearmongering breakdown of this bailout money which shows the first $350 billion of the bailout being counted 4 times thus turning $350 billion into 1.4 Trillion. I stopped reading the report after that.
"Also, try reading a bit about Keynesian economics."
Ive read Keynes, and he would argue that cutting taxes at the expense of defecit spending is not beneficial. And yes I agree that spending in WWII helped fix the US economoy. but remember that War f*cks the economies of those invaded. Also, one could argue that the New Deal didnt go far enough in fiscal consumption to jolt us out of depression. When we beefed up spendign in WWII we created enough jobs and enough materials to sustain the economy.
This bailout isn't socialist as the socialist ideal would be to seize the assets of the companies that are being bailed out and have them run by the government. It isn't capitalist, as the capitalist ideal would be to let these companies go bankrupt. This is pure Cronyism, where the banking institutions with friends in Washington are being allowed to cash out at taxpayer expense for there own poor business practices, that were brought about by a lack of regulation in the market.
IT'S ALWAYS SPELLED "YOU'REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!" YOU F*CKING GOD DAMNED C*NT LICKING PIECE OF N*GG*R SH*T!!!!!!!!!
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