tag:blogger.com,1999:blog-7370534.post3494411465796554462..comments2023-10-31T04:37:20.113-07:00Comments on Bloviating Zeppelin: Bailouts?Bloviating Zeppelinhttp://www.blogger.com/profile/01359816456769157176noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-7370534.post-58015513658717735692008-09-18T17:59:00.000-07:002008-09-18T17:59:00.000-07:00Have to love those holding the keys to the debts o...Have to love those holding the keys to the debts of Freddie and Fannie: Russia and China. Yup! Lets bail them out to make sure that Russia and China get their money's worth...<BR/><BR/>I have <A HREF="http://ajacksonian.blogspot.com/2008/07/failings-of-bailings.html" REL="nofollow">had it with bailouts</A>. This is America where failure *is* an option. Hell, <A HREF="http://thejacksonianparty.blogspot.com/2007/02/modern-jacksonian-chapter-4-perfection.html" REL="nofollow">the country failed the first time out of the chute</A>... called The Articles of Confederation. Not that anyone wants to remember that we are founded on failure. Blows your ego all to hell when you realize that... and then builds it right back up when you realize we didn't let that stop us from succeeding.<BR/><BR/>Nothing is 'too big to fail'.<BR/><BR/>You can't regulate a perfect, ever growing economy. You get the USSR if you try. Strangely we have lots of people crying about not enough regulation... and that, too, will fail us. Again.<BR/><BR/>If you don't like the failures and the business cycle, get rid of capitalism. Then nothing will ever fail... or ever really succeed. You can't regulate it to perfection: that is a direct contradiction of what capitalism is and does. We need failure to wipe out the inefficient business ideas... or asinine federal programs, come to that, not that anyone ever wants to do that, either.A Jacksonianhttps://www.blogger.com/profile/07607888697879327120noreply@blogger.comtag:blogger.com,1999:blog-7370534.post-8450023434124608622008-09-18T15:01:00.000-07:002008-09-18T15:01:00.000-07:00Loser pays would work most of the time.That and pr...Loser pays would work most of the time.<BR/><BR/>That and prosecute any lawyer that files an absurd lawsuit.shoprathttps://www.blogger.com/profile/05265612188236394307noreply@blogger.comtag:blogger.com,1999:blog-7370534.post-48270490472937164122008-09-18T07:39:00.000-07:002008-09-18T07:39:00.000-07:00Altho I do agree with the let those that did the s...Altho I do agree with the let those that did the stupid stuff suffer I have to admit that the bail out of AIG was the right thing to do. AIG has a MAJOR fottprint outside the US. If they had gone under the world economy would have taken a dive. Ifthat had happened we would loose the foriegn investment into the US and lost external US markets for our goods because they wouldnt have money to pay for the goods. This would prolong by a good deal of time the current mess. Bailing out AIG keeps the timeframe of this mess shorter.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7370534.post-40667109286161084512008-09-18T06:48:00.000-07:002008-09-18T06:48:00.000-07:00I'm not an economics whiz kid either, but I can un...I'm not an economics whiz kid either, but I can understand what's going on here. We taxpayers are being crapped on, as usual! I agree with you, BZ. I'm very happy that Walt and I haven't placed our eggs all in one basket, but the shame of it is that people who had nothing to do with any of this are going to suffer and it stinks! Of course Obama blames it all on the GOP. He doesn't take personal responsibility for anything.Gaylehttps://www.blogger.com/profile/02540710405153666843noreply@blogger.comtag:blogger.com,1999:blog-7370534.post-47233842480877741522008-09-17T22:44:00.000-07:002008-09-17T22:44:00.000-07:00Johnson made something like ninety MILLION from Le...Johnson made something like ninety MILLION from Lehman and Freddie and Fannie..........Gee, maybe he can just keep five and help the families he profited from to get lower mortgage payments, ya think? I'm obviously (very, I know) not an economics whiz kid, but I really believe capitalism doesn't work without thinking of the little guy. This MESS is JUST the kind of ammunition the Left needs to continue teaching our kids that capitalism is a bad idea (and they ARE teaching that..a nearby high school has an after school CLUB on the subject, i swear)<BR/><BR/>Loser Pays<BR/><BR/>Term limits so NO FAT CATS PADDING THEIR POCKETS<BR/><BR/>NO BAIL OUTSZhttps://www.blogger.com/profile/15989573357446569262noreply@blogger.comtag:blogger.com,1999:blog-7370534.post-6201280169293929912008-09-17T20:40:00.000-07:002008-09-17T20:40:00.000-07:00These companies put their money in places with lar...These companies put their money in places with large risks and lost the gamble. It's NOT our job to bail them out.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7370534.post-69850204798073900342008-09-17T18:27:00.000-07:002008-09-17T18:27:00.000-07:00I'm definitely on that line. One thing I believe ...I'm definitely on that line. One thing I believe will actually clear up MUCH of our current problem is Tort Reform. And I can sum it up in two words:<BR/><BR/>Loser pays.<BR/><BR/>Want to stop ridiculous and unwarranted lawsuits resulting in ridiculous decisions made in terms of liability exposure?<BR/><BR/>Loser pays.<BR/><BR/>BZBloviating Zeppelinhttps://www.blogger.com/profile/01359816456769157176noreply@blogger.comtag:blogger.com,1999:blog-7370534.post-68558768822140423692008-09-17T17:16:00.000-07:002008-09-17T17:16:00.000-07:001st, we hang the lawyers..2nd, we hang the execs, ...1st, we hang the lawyers..<BR/><BR/>2nd, we hang the execs, no person in ANY business is worth a $^B *golden parachute*...<BR/><BR/>3rd, we hang the dumb son of a bitch that authorizes those $6B bullshit bail out contracts...<BR/><BR/>4th, Sink or swim, I have never heard of the feds doing a damn thing to save the little guys... <BR/><BR/>5th, vote out ALL incumbents, get a fresh batch of fresh faces and make them painfully aware that they too will hang if they mess up!!TexasFredhttps://www.blogger.com/profile/06412925337032937983noreply@blogger.com