Rant on the economy

[dodger098]

Hey guys, I know this is a Mopar forum but I don't really have any other place to put my rant. 

Call me a fiscal conservative if you want.  I'm of the idea that when the government gets it's hands on something it'll screw that something up.  The $700 billion bailout did not pass the house of representatives in a vote earlier today.  In a way I'm sad because I know if something doesn't get done it'll mean a recession, maybe a really bad one.  At the same time I'm glad since it means that the government stays out of the economy.  And there are some comments that outrage me:

"With this strong and decisive legislation, we will help restart the flow of credit so American families can meet their daily needs and American businesses can make purchases, ship goods and meet their payrolls," Bush said.

American families should not need credit to pay their bills.  Sure you buy a house or a car with a loan.  And sometimes you run into an emergency that require carrying a balance for a few months on a credit card.  But if households in the US need to keep piling on debt just to pay their monthly bills then they're living outside their means.  I have a feeling that there is a good deal of families out there living this way. 

You realize that you get more of whatever it is that you reward.  So if you reward irresponsible spending you'll get more of it.  I bought a house that was within my means of living.  If my tax dollars go to bail out people that bought a house 2x as much as they can afford and they get to keep the asset then you better believe I'm going to get out there and buy a huge house way beyond my means.  If my tax dollars are going to bail out some people I might as well be one of those people.

We should not bail out the credit markets, let them choke on their own greed and mistakes.  If we bail them out it'll just happen again, and that time we won't be able to afford the bailout.

This quote pretty much sums it up for me:

Thaddeus McCotter, R-Mich., said the bill posed a choice between the loss of prosperity in the short term or economic freedom in the long term. He said once the federal government enters the financial market place, it will not leave. "The choice is stark," he said.

/rant

[hemiram]

I hear you, and did you know that the fed pumped another $600 billion into the economy on monday?  I don't agree with any of this policy but we have to do something.  If credit freezes up then no one can buy vehicles and all the automakers will suffer.

[MegaTruck]

Well the bailout went through today.  I guess we can say hello to massive inflation.  I hope this works otherwise we'll be in the hole with inflation and a bad economy.  At least Warren Buffet said that it's a good idea, he's a man of integrity and investing genius.

[Mr Anderson]

I'm right there with you dodger.  It seems like the bailout happened and the dow tanked, if the bailout didn't happen the dow would tank.  I don't think there's anything that congress can do to make this work and now we're another 700 billion in the hole.  Awesome.

[gman]

From my perspective the best thing that could happen is the dummies in DC ban guns and then the midwest seceeds allowing us to form a more sane government.  One that doesn't regulate business to bankruptcy but also doesn't bail them out in the face of it either.

[raman noodles]

From my perspective the best thing that could happen is the dummies in DC ban guns and then the midwest seceeds allowing us to form a more sane government.  One that doesn't regulate business to bankruptcy but also doesn't bail them out in the face of it either.

That would be a big mess.  No one is going to try that.  Guns are too much a part of our culture.  And the country is too big to actively patrol for guns, too many criminals would make the country too unsafe.  Even the liberals have to agree to that.

[gman]

From my perspective the best thing that could happen is the dummies in DC ban guns and then the midwest seceeds allowing us to form a more sane government.  One that doesn't regulate business to bankruptcy but also doesn't bail them out in the face of it either.

That would be a big mess.  No one is going to try that.  Guns are too much a part of our culture.  And the country is too big to actively patrol for guns, too many criminals would make the country too unsafe.  Even the liberals have to agree to that.

Exactly, I don't think it'll work if they try it.  Maybe like 200 years from now it could work, but not in the next 50 or so.  Guns are too much a part of our culture, they can have the coasts I don't like the ocean anyways.  Give me a sane government again.

[05ram]

Business for me is way down.  I'm almost in default on a lot of my bills.  Luckily I have some money saved up too but no one is spending money on contractors in my area.  We're all lowering our prices to the point where we don't even break even sometimes just so that people see us doing work.  If this doesn't get fixed soon we'll all be out of work.  I don't like bailing anyone out either but we need to get this thing fixed fast.