[quote=urbanrealtor]I disagree with you on 2 of your points.
1:
I think that bailing out poor or disadvantaged people is a lot of what governments do (and what they are supposed to do). While this is not the capitalist thing to do, it is the democracy-driven thing to do. Oftentimes democracy and capitalism are at odds. Its a big part of the reason that FDR (and Reagan) were re-elected.
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You are joking right? Poor disadvantaged people who bought big mansions costing 10 times their income on liar loans, extracted home equity to live the high life, those that participated in rampant speculation and of course Wall St. who ran their companies to the ground while making huge commissions and bonuses…sure it’s the government’s job to bail these people out ..sarcasm off..
