Yes, they are mentally retarded. They don't seem to be able to grasp the concept that if you help the business, you must help the consumer as well for the simple fact that most of these businesses are suffering because consumers are suffering. We must help the consumer, or else these businesses are going to come back half a year from now, asking for more money because consumers aren't spending.
Beyond the bailout of the financial sector, it is obvious to anyone with a clue that there is a greater underlying problem than mortgage defaults and foreclosures. Look around. The auto company is going bankrupt, retailers like Circuit City are going bankrupt, manufacturers are going bankrupt, and it is 100% NOT because of subprime defaults. Subprime defaults were caused, largely, by people not having enough money; we don't have money to spend, and the money we do have, isn't worth shit anymore. As much as people would like to believe we need to save business to save consumers, we actually need to save the consumers so we can save business. If consumers aren't spending, businesses will fail no matter how much money we throw at them. Wake up. There is a money shortage amongst both businesses AND consumers, and the consumer money shortage, if not taken care of, will be the downfall of business as we know it.
The worst thing we can do right now is bailout businesses and do nothing for the consumer. If we bailout the automakers, and people still don't have much discretionary income, these companies will be begging for another bailout Q2 of '09 because no one will be buying their products; it will be a waste of money, period. Example: AIG. Already asking for more money. It is rediculous to think that just because we bailout a business, consumers are just magically going to have the kind of extra income they used to. We have a very serious problem here in America, and it seems our leaders only want to address one side of the issue. If our leaders don't get their shit together real soon (as in the next month), Americans, we will be severely screwed for the long haul. Better start stocking up on Ramen noodles and Chef Boyardee, because the storm is about to hit and level the entire middle class
Beyond the bailout of the financial sector, it is obvious to anyone with a clue that there is a greater underlying problem than mortgage defaults and foreclosures. Look around. The auto company is going bankrupt, retailers like Circuit City are going bankrupt, manufacturers are going bankrupt, and it is 100% NOT because of subprime defaults. Subprime defaults were caused, largely, by people not having enough money; we don't have money to spend, and the money we do have, isn't worth shit anymore. As much as people would like to believe we need to save business to save consumers, we actually need to save the consumers so we can save business. If consumers aren't spending, businesses will fail no matter how much money we throw at them. Wake up. There is a money shortage amongst both businesses AND consumers, and the consumer money shortage, if not taken care of, will be the downfall of business as we know it.
The worst thing we can do right now is bailout businesses and do nothing for the consumer. If we bailout the automakers, and people still don't have much discretionary income, these companies will be begging for another bailout Q2 of '09 because no one will be buying their products; it will be a waste of money, period. Example: AIG. Already asking for more money. It is rediculous to think that just because we bailout a business, consumers are just magically going to have the kind of extra income they used to. We have a very serious problem here in America, and it seems our leaders only want to address one side of the issue. If our leaders don't get their shit together real soon (as in the next month), Americans, we will be severely screwed for the long haul. Better start stocking up on Ramen noodles and Chef Boyardee, because the storm is about to hit and level the entire middle class