Good to know there are some conservatives around...this bailout stinks.
We would be better off with no bailout. There is not guarantee that a bailout would fix the problems with bad loans...and the whole bailout deal would be very inflationary.
Of course, its the liberal globalists who want the bailout...since most of that bailout money would be given to foreigners and foreign banks
“We would be better off with no bailout.”
Doing nothing is better? It pretty clear the pain of doing nothing will be greater. The credit system got into a meltdown mode. What’s your alternative?
Here’s some ideas:
http://travismonitor.blogspot.com/2008/09/some-ideas-to-fix-credit-crisis.html
“Of course, its the liberal globalists who want the bailout...since most of that bailout money would be given to foreigners and foreign banks”
Not so.
This is mostly about bailing out the credit system itself.