[quote=SD Realtor]How do we know the bailouts worked?
How do we know that the financial system would have failed. Sure this is what we have been told but do you believe everything the govt tells you?
To me the bailouts have done nothing but preserved the system and resulted in keeping those who had power and wealth, in that same position if not solidifying the positions they had.
I guess if you are happy with the way things were then yes they worked.
No pain, no gain. Just remember the chaos you think we averted is chaos that you were told would happen, that you have been programmed would happen, and that your government 100% counted on you to believe it would happen so a bailout MUST be passed immediately. In fact, to take a page from Arrayas handbook, if the chaos would not have happened, maybe our govt would have…. created some chaos.
Never waste a good emergency.[/quote]
Good post, SDR. I agree that it would have been bad without the bailouts, but we would have gotten a fresh start, and the majority of the pain would have been felt by the guilty, whereas now the innocent (savers, and people who were not borrowers or lenders) will feel the brunt of the pain.
The guilty have been rewarded, and I firmly feel that those who tried to live within their means have been sacrificed to make it happen.
The vast majority of politicians suck because they only care where the money is coming from. Their constituents are just sheep who are meant to be manipulated by propaganda and flag-waving ceremonies.
