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re: Subprime is over.

Posted on 6/12/09 at 6:49 am to
Posted by Rivers
Florida
Member since Nov 2008
3256 posts
Posted on 6/12/09 at 6:49 am to

quote:

As I've written many times, my biggest fear that this recession will be worse than it has to be comes from Obama's policies: cap and tax, protectionism, unfettered unionization and not allowing companies which should fail to fail.


Does your response mean that you think capitalisim should have been allowed to take it's natural course from the beginning of the current economic crisis? Should the large banks, insurers, vehicle companies, etc, been allowed to fail with no creative accounting changes, government interventions?
Posted by Colonel Hapablap
Mostly Harmless
Member since Nov 2003
28791 posts
Posted on 6/12/09 at 8:44 am to
Of course not.

Bush bailouts == Good
Obama bailouts == Bad
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