Hamilton was a lover of of strong central government and the British monarchy, while Jefferson favored small, limited government.
If I understand correctly the bailout McCain supported was to purchase sub prime loans, so in effect its not a handout but a purchase of debt.
Just because a welfare payment is one-time doesn't mean that it's not a welfare payment.
The "bailout" set up a terrible precedent, and the question of where the line ought to be drawn has been raised. Will the Government buy student loans next? Auto loans? Personal loans? Credit card receivables?
The persistent manipulation of the financial markets by the do-gooders and nanny staters in our Government is what distorts the business cycle by interfering in the choices of individuals and other entities in the marketplace (through the introduction of new risks and uncertainties). The end result is the amplification (or reduction) and the prolonging (or shortening) of various financial events.
a one time bailout using tax money to make a purchase is much different than reoccurring taking taxes from just a few hand handing the money over to others, Obama just wants to hand out money, whereas the bailout was a purchase. yes??
We used to get raises at work once a year, then somebody had a bright idea to lower our raises, and give us bonus profit sharing instead making it sound as if it were better, I would have preferred just getting raise, because that is reoccurring whereas a bonus is just a one time payment Obamas plans to spread the wealth around will be reoccurring, and it will not be a government purchase, say as like a loan the bailout has done but it will be a handout, and it will be a precedent that will be hard to roll back, taxes never go down...