Do you support all the bailouts?

[pawel]

Do you think all the bailouts we have seen recently are ok? All the crooks at the top of big banks made big mistakes and instead of paying for their mistakes by going to jail, the government is throwing more money at them. Do you agree with this? It makes me sick.

If one bailout has been determined not to work why does our government think another will? Anyone out there ever read the definition of stupid?

[mismas]

I am not sure about this, I am not an Economist, but it could be the case that the economy is in such a bad shape that the first bailout just was not enough.

I am sure those smart guys are looking at what have happened in the past in other countries, such as what happened in Japan in the 90's. They had a similair economy breakdown and the government just let it run its course. The result in Japan was that right now house value's are still 40% less then before the collapse. Japan's GDP is even today less than 20 years ago. Japan is not moving anywhere. It could be possible that what is going on in the USA and in the rest of the world today is the same that has been going on in Japan in the 90's. They also call it the 'lost decade'.

[bugibar]

I do not support the bailouts. If the government just continues with bail outs and just prints more money, we will be paying for these mistakes for decades. The government can't keep rising their debt. Once its debtors realize too much of debt is too much, they will stop lending money to the US government. And the USA WILL HAVE TO DECLARE BANKRUPTCY.

Do you know what it means when the government goes bankrupt? That means all your 401k plans go into toilets. All your stock market investments will go down the toilet. Banks stop lending. Money becomes value less. That would mean a depression like never seen before. We all would have to eat grass.

The government just needs to leave the markets alone. We are in this mess because of intervention and the only thing that will save us is allowing market forces to hone the competitive edge that we have lost and drive us to create new technologies. Well, that or a war, but let's hope it doesn't come to that.

[atari]

The time to oppose bail outs was in when Reagan was the president. In 1979, Reagan first suggested sending our jobs overseas, then he normalized trade with China, and that is where the problems started. When passing NAFTA, it was another foundation for future bail outs. At that time, future bail outs of the middle class were pretty much guaranteed.

I remember what Senator Byron Dorgan said on May 6, 1999 when talking about the Gramm-Leach-Bliley Act:

Code:

"...this bill will also, in my judgment, raise the likelihood of future massive taxpayer bail-outs. 
It will fuel the consolidation and mergers in the banking and financial services industry at the 
expense of customers, farm businesses, family farmers, and others...."

Congress did not listen to his warning. After this bill was signed, it was a little too late to be opposing bail outs. Nobody took actions that would prevent them from being needed.

And I fully agree with this thread:
   The USA economy wont improve until trade with China is restricted
   http://www.maxi-pedia.com/forum/index.php?topic=76.0

[sunset]

No, I do not support any of them!

The intent of the bailout was to flourish bad debt. In other words to ensure that badly run businesses keep running, do not go under and their top management does not loose.

The problem that got us here is that bad business practices occured alongside with bad policies from the government. Monopolies that eliminate competition, loose control from the government, moving production overseas, accounting fraud are examples of where the bad business is on the same ship with the government.

Even if Americans still pay their taxes, why should taxpayers pay up for bad ethics and pay for their forgiveness? That was what led to these kinds of problems in the first place.

It is interesting to watch how some conservatives use the word SOCIALISM as a derogatory term, yet encourage the bail out.

We know that if these bad companies go under, the economy will be hurt. We will suffer in the short them, but in the long term, we will be ok. If the badly run companies bankrupt which is what they should do, new companies will take over. Let's give it some time.

[antony96]

I just got my Schengen visa from Embassy of Spain, they gave me multiple entry visa. This coming June I will travel to Spain for a short visit (tourism). Since my visa validity is up to September, I am planning to travel again to Europe in August but that time it will be in Austria.

My question is, can I enter in Austria directly in August instead of Spain? or should I enter again in Spain because they are the one who issued my visa?

Thank you.

[yaris]

I just got my Schengen visa from Embassy of Spain, they gave me multiple entry visa. This coming June I will travel to Spain for a short visit (tourism). Since my visa validity is up to September, I am planning to travel again to Europe in August but that time it will be in Austria.

My question is, can I enter in Austria directly in August instead of Spain? or should I enter again in Spain because they are the one who issued my visa?

Please, do not double post, and the same question under different names. This question has been answered here:

Schengen entry point with multiple visa
(http://www.maxi-pedia.com/forum/index.php?topic=1426.msg3440#msg3440)