I’m not saying that bailouts were the best things to happen or that they were fair. I’m just saying that they worked in restoring economic growth.[/quote]
Brian, that’s a very bold statement. Robbing Peter to pay Paul doesn’t really justify “restoring economic growth”. Looking back to 2008 I’d still say America made some very poor choices that we’ll have to carry the burden of for years to come. Failure is not allowed in America, which is a problem. I believe we learn from mistakes, whether big or small. Printing money and handing it out so that we continue our giant spending spree will merely stall a larger problem.
Minus the 4-5 months after October 2008, we’ve had 2 years that would make any investor proud. Considering that was one of the lowest points in American history I think something is missing. Where was the pain or suffering? Bailing out those that didn’t do the right thing set a huge precedence in this country.
I don’t think Arraya truly wants the markets to collapse. I don’t think anyone wants to see that, but the inevitable is there if this country doesn’t make some very big changes. Look what’s going on in Wisconsin. People are getting very angry in this country and that’s not going to stop anytime soon. If you think riots are far fetched on US soil, think again. We aren’t immune to problems in this country even if our politicians believe failure is not an option. Sometimes in life failure is the only solution.[/quote]
