Had the banks that were useless been allowed to fail, then those that functioned correctly would have received the excess business. Hence, Obama is keeping afloat failure, just like himself.
Which is why its in constant need of the government to step in and fix the shit piles it causes german, british, and korean
It's not in need of anything. The governmen steps in and screws everything up. Let's not forget the recession we're in.
Its not a bailout...its a buyout. The government owns 60% of GM common shares. If the new CEO can turn things around the government will make a fortune. Its a BIG if.
Get some common sense, then run your mouth off. The government interventionism in the economy is unconstitutional and it limits freedom; and on top of that, it harms the economy. Ever heard of the Great Depression?
prove it. I have common sense its why I am not a member of the free market faithful. yes. the greatest argument against the market their ever was. we got out of it because of government intervention. your historical revisionism is not welcomed.
The free market, without a few arbitrary-seeming rules is like Football or Basketball without a few arbitrary-seeming rules. Just as the games would be no fun to watch and/or the players would get hurt too often, so also an unregulated free market economy falls into ruin very fast.
There is no single example of successful communism/socialism or any of their derivatives. Nonsense. The interventionism of the Federal Reserve and the expanded government caused the Depression, and WWII got us out of it.
Actually, when there are no "laws" then the local unwritten social rules take over. I read a story about how a rugby team went to play at another area in Britain and when they did something that the home team hadn't seen before, they simply told them that that's not how they play and asked them if they wouldn't do such things. The fact that we have so many laws is a sign that we have no cultural foundation.
War is perhaps the largest government intervention into any economy, aside from pure communism. Of course, pure communism cant exist, as it always creates a huge black market. War is also the largest destroyer of wealth. When a bomb explodes the wealth used to produce it disappears...and the wealth used to produce whatever it blows up disappears as well. WWII simply racked up a massive government debt which required over a decade to pay off.
Right, but wars can also provide a false 'boost' to the economy. You get jobs, production, and "war-time prosperity".
Because of the availability of cheap domestic energy and technological advances...some of which were derived from military applications.
The deaths among your own people increases per-capita wealth, (which is the only kind of wealth that matters in the first place) because the survivors inherit the possessions of the deceased. The most important impact is the impact this has on the real estate market, since it is impossible to produce new real estate. Land prices drop, and people can afford to own their own home, or start their own farm. Food prices also drop, because food production is determined far more by the availability of fertile farmland than it is by the availability of willing farm workers.
non sequiter hogwash. the depression started before the government got involved and start ed to get better when the government did though WW2 was a boon in that regard.
Bullshit, I'm a licensed loan officer and I can tell you that no Bank is forced to make loans. If so, I would be retired already. Almost all banks sell their loans in the secondary market, and before another financial firm buys your loans, your loans have to meet certain financial standards(Fannie Mae, Freedie Mac). The quickest way for a Bank to go out of business is by approving loans they can't sell. If a Bank can't sell a loan, they don't make any money. That's one of the many reasons that the banks failed, that's why I lost my job. No financial firms wanted to invest heavily in mortgage backed securities.
That's true, too, but you know what I said is also correct. Banks were threatened with discrimination suits if they did not lend to just about anyone. I know. I saw it. One of the people we can thank is Barney Frank.
