Bonus Commentary #1 - The Bailout Bust?

A commentary on the bailout bill passed by the House and Senate on 10/03/2008.

Category:

Education

Tags:

• microeconomics
• economics
• UCI
• Irvine
• Merage
• Business
• McKenzie
• bailout

[fladdog]

My take is that Dr. McKenzie supports a free-market solution and that government intervention will be worse than the crisis. This is what I call the Clockwork Orange Effect. In Stanley Kubrick's movie, the cure had worse consequences than the crime. Dr. McKenzie presents clearly both sides of the argument for government intervention and let's you decide what you think is right. His commentary is poignant.

[jonnniefivemiles]

I listened to the entire 9 minutes. Geez its not that long. I sit in micro lectures for 2 hours.. what are you 12?

[animals0feel1pain2]

Wow. You hit it right on man. Three years into the future and what you said came true.

[krinkly]

your comment is indicative of why our society finds itself at this crossroad. terse sound bites, style without substance, lack of understanding of policy and their effects, no interest in how the law and economics impact society at large, an insular self-involved world view. worse, an arm chair quarter back's involvement in regards to events as they unfold. screaming from the sidelines at your televisions and computer screens. i look at our country and i want to vomit all over the place.

[aikido7]

What are you gonna do, dude?  You Repubs don't like the AIG bonuses but yet you don't want the government involved.

You can't do jack.

[Sepero1]

Welcome to the problem of majority rule. The government is completely incompetent. It cannot be expected to do anything responsibly.

Politicians aren't elected for their fiscal or economic skills, but for their BS skills.

Promises of increased tax cuts and increased spending?! A person has to be a fool to even listen to the rhetoric.

[brian12934]

Good man! Thank you for this.

[thomuk2006]

great video! thanks

[dapoazeez]

Im willing to bet my money that you do crack or snuff ?

If you down with the bet.. Holler.

[M1I2K3E4567]

Dude, nobody is listening to 9 minutes of all that. Make it short. The bailout was to finance the CEO's on Wall Street at $70,000,000,000.00 in bonuses to create more failure, doom and gloom for the American tax payer. The candidates, senate, congress and the president passed the Bill just and only for that. Also, to make their fat cat friends even richer

[pinochio1212]

Common sense tells me Dr. McKenzie view is strong. However I wonder what alternatives there were to keep the financial markets from gridlock?

In reading the news, I see even with the bailout and the investment by the government in financial institutions banks are still very cautious of lending. I believe that is great! It seems we are moving toward back to basics.