Bailouts have NOT and will NEVER work

[DarkMonkArt]

If during the depression it prolonged it.

[InTheEndIWasRight]

@carnypimp And why is that?

[carnypimp]

@InTheEndIWasRight I cant remember.

[theabomation]

If your product doesn't sell, you go to hell. This keeps the Capitalism Gods happy and smiting the rest of the world with bankruptcy. The reason the Big Three automakers are in trouble is that they make crappy cars that no one wants to buy. By all the laws of capitalism, they should make way for cars that people do want to buy.

[wanderers16]

@theabomation Actually the reason why the big three need the governments help is because they are pretty expensive to make due to labour costs as the US and western europe have high living costs.

What would you rather have? people unemployed taking up resources in unemployment benefits miserable or happy in a good job?

[theabomation]

True i know about GM high labor costs but why would they promise something they knew might drive under? and before GM fail they shipped most of there jobs to Mexico so again why should we care if the fail?@wanderers16

[wanderers16]

@theabomation Most of the head office jobs are still in the US makes up quite a few jobs plus the fact that GM and Ford are companies traded on the stock exchange and are worth quite a bit to the people who have shares e.g. as a pension pot. If GM went bust then they would lose that money.

[carnypimp]

@theabomation Yeah and that is spoken like a true Republican and that is why the Gop will go extent! Go cry some more. Those of us that are struggling are what makes up most of america and we will never let another GOP Rep back in as president nor controll congress again.

[theabomation]

I am not a Republican or Democrat they are both incompetent in my eyes I believe in follow the Constitution and Bailouts are illegal under the constitution. You should check your facts Bailouts have never work though out history and Big Company's fail all the time. @carnypimp

[carnypimp]

@theabomation Under what amendment? Jeffersons notes and spaeachs are not part of the constitution. If you are reffereng to the Tyrant government BS! It is the big governments job to take over when the states can't do theres. If neccessary for the sake of the economy it is legal for big government to buy buisness!

[FreeDayton]

I freaked out when Banks bailed out last Summer B4 Obama! Bailed out banks bought other banks but do they loan to the credit blemished. A Realtor for 14 years in Dayton, Ohio the FIRST and TOP Foreclosure Town in USA back almost a decade ago! I have documented and watched the foreclosure fiasco ravage our town! Dayton, Ohio is known to investors all over the Country and World! They bought up our town & left vacant to rot. Now banks are pulling REO's from market & selling them internally!

[carnypimp]

@FreeDayton Dayton has went to hell because the hole city is nothing but black people and places of buisness cant stand hiring that many. I don't feel that way that is the way it is and that causes more crime. That is why I moved the fuck out of Dayton and now live in Indiana!

[forestskog]

(part 2). Notwithstanding what I said above, I also have come to believe from my experiences around the world that CLEAR and TOUGH and, cruically, UNDERSTANDABLE regulation in line with common sense and morality is equally vital to successful capitalism. It's not that different from baseball. You have an umpire with clear rules. No one says the teams should "self regulate." At the same time, the rules MUST be clear and simple enough for the players to understand. But tough AND clear.

[forestskog]

I'll be brief. I'm a WTO specialized lawyer I represent companies & governments in disputes with the US Gov. or the EU Commission. I'm center right but have no iron-clad ideology. But, visiting companies around the world, it simply cannot be denied the government CONTROL (not regulation) of companies is 99% of the time a beyond-belief disaster. I mean worse than your worst expectations. Why? I'm actually not sure. But from China 2 Ukraine 2 Ecuador gov. control of companies is a HUGE disaster

[mookixox]

Anyone who wants the truth about the economy come to my profile and watch my favorite videos...especially the glenn beck ones...everything u have been brought up to believe is a fucking LIE that the rich,greedy elite have brainwashed us into believing. Free market capitalism is dead, always has been...it's only been official NOW*

[CardsDefense]

I am energized by the strength of the Youtube Resistance. There have been many great videos posted in the last few days that clearly show more and more people are beginning to realize we live in a world overpopulated by lies and deception.

We are making a difference!

Support 4409!

[CardsDefense]

inflation = theft

[boltville]

Hey Canada owns a whole 12% but it only cost us 10.5 Billion we couldn't afford. Honestly I would never have invested my personal funds in that company. Our governments have gone nuts.

[19lfm12]

Soros has links to Opus Dei.....not enough room to explain here.....Carlyle Group is a tip off among his many associations.....a clue is in the title of his book: "The Alchemy of Finance".

Obama is a great showpiece:p

What I learned from college economics courses is that it is voodoo; what you are taught is buillshit. The courses are a cover story for how it really works.

[Whattheshizispie]

The government almostowns the bailed companies

[SPDRACER1231]

What is the important message that is not being told is that this has been scripted for years. The end result will be the erosion of the middle class. People will be begging the govt. for handouts of food and basic needs. less freedom and more reliance on the govt.

[oldhacks]

as a socialist I don't really see any difference between "private" and "state" here in America... since it's the private industries that own the state. its communism. plain and simple.. what we need is socialism.

the difference being that under socialism we own the shit. not private industry, nor the state.

[oldhacks]

the military industrial complex is not what I'd consider a worth while gov jobs program...

they've nationalized the car industry without taking over it's infrastructure. basically just gave them all our money and very lightly tapped them on the shoulder and asked them nicely to try and do better. it's meaningless. won't make them make better cars and won't help us get off of oil. Obama is a total let down for anyone who actually thought he Was going to change anything. I knew it all along.

[oldhacks]

please show me evidence that they're putting forth government job programs. because I would be greatly relieved to see such evidence.

[19lfm12]

The only sane thing that could have been done is:

1. Moratorium on house forclosures; force lenders to restructure morgages based on TRUE value of house, allowing ppl to keep their homes!

2. Similar proceedure in re credit cards, reducing interest rates to that of home mortgages - that debt becomes manageable.

3. Forbid hospitals/doctors from grossly overcharging AND persuing bills where the patient obviously cannot afford to pay!

Of course that would not benefit the wealthy...

[19lfm12]

Many make two mistakes:

1. Assume that these concepts are Obama's ideas. They are not; he is obediently following a script written prior to his presidency.....he just understands it more then Bush:)

2. Assume that the author(s) 'do not know what they are doing'.

I assure you: they DO know what they are doing. This was all pre-planned using mathematical models. The intention is to sink the US economy.

No joke.

[NewOperationDarkStar]

Great Video Bro., And your right on the money., I love your Video's., Keep up the good work., And may god watch over you and yours.

[oldhacks]

government job programs work.

[NewOperationDarkStar]

Yeah but do you want to be a programmed Robot that agrees with a Corrupted Goverment., Or work with out the Corruption.

[oldhacks]

no but I'd like to have some job security. and I'm a socialist. so no I don't trust the government for a second. but hey you should because apparently Obama agrees with you guys that it's better off to have all the jobs he's proposed be set in motion through the private sector...

[mortson978]

BLOCKHEADS! Ah, gumby.

[magichandpuppet]

thanks for sharing this article. Lew is the man. I love reading the Mises articles and books. It's amazing how "Austrian" economics simply makes sense and shows how ridiculous and unethical the Keynesian voodoo crap is. 5*

[WakeUpNow2012]

i cant believe ppl are blaming bush or obama...there nothing more than puppets! its the ppl that pull the strings at the top that are higher than the presidents that are at fault..