the bailout package is a sucker's payoff and not pareto optimal. i commend the us congress for rejecting this bill. inflation is inevitable whether you pass this bill or not. but if you pass this bill, inflation will be higher and worse. It will be worse because the us will have more debts and that means paying more taxes. i will also vigorously oppose this bill if i am an american.
I blame Obama and McCain and all those who vote for the bailout for not taking the personal money and going to banks in trouble and buying at least some of these bank's bad paper, buy some of the bad mortgages and put them in their personal portfolio for investments, that will help America.
Good point. We know they would never do that with their own money, it's the worst possible investment they could make. But with public money? Sure, why not!
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3904070 3 years ago
the bailout package is a sucker's payoff and not pareto optimal. i commend the us congress for rejecting this bill. inflation is inevitable whether you pass this bill or not. but if you pass this bill, inflation will be higher and worse. It will be worse because the us will have more debts and that means paying more taxes. i will also vigorously oppose this bill if i am an american.
xpressivist 3 years ago
The stock market today (9/30/08 up 500 pts) showed just what most of us already know. The crisis is just to bail out the Rich and wall st Bankers.
MrZip66 3 years ago
I blame Obama and McCain and all those who vote for the bailout for not taking the personal money and going to banks in trouble and buying at least some of these bank's bad paper, buy some of the bad mortgages and put them in their personal portfolio for investments, that will help America.
bigdog49094 3 years ago
Good point. We know they would never do that with their own money, it's the worst possible investment they could make. But with public money? Sure, why not!
xTheOxx 3 years ago