AGAIN, I am not an economist. I don’t know if there was a viable alternative. What I DO know is that smaller companies lost their operating capital when these companies failed. This would not be a simple recession but more like a depression.
Yes, inaction may have brought on tough times for you and I. However, this action, in spending over a TRILLION DOLLARS will bring tough times for our children, grand children and great grandchildren.
As for me, I would prefer we have reality and do the tough times now as opposed to saddling future generations with a TRILLION DOLLARS of debt.