DanS.

Okay...and? Small business and large will fail alike....

itsmeeeeeee

well, perhaps i misunderstood your post, but wasn't it you who said "just say no to corporate welfare!"?

initially, based on bush's plan, i would have agreed with that sentiment. but this bill wasn't about wallstreet, and in fact it regulated wallstreet better than it's been being regulated within the limits of the context of this "bailout".

the people were being bailed out...
because the people are the ones who're fucked if they can't get something done to unfreeze these credit markets.

bank failures are like dominoes.
first it's the big ones, then the little ones topple.

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DanS.

*bangs head on desk*

okay fine...you guys are more than willing to sell out your country men to prove a point about capitalism....so be it.

25% unemployment? no retirements? homeless...who cares...we have to stick it to wall street.

itsmeeeeeee

no, it's not.

oversimplifying the crisis won't make it get better or go away.

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PursuitOfHappinessParty

Or, with the bail-outs, just the small businesses. With the bail-out money being tacked onto the national debt and its increasing percentages the internal domestic percentages will go up and that impacts small businesses because they're...well small. They also have 75%ish of the total emplyees in the US.
The bail-out endangers peoples incomes, not bailing-out endangers investors. I'm more supportive of the first and less the second.

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" Tie two birds together and though they have four wings they cannot fly " Blind Master in 'Circle Of Iron'

DanS.

People...there is such a thing as externalities...where people will suffer consequences even though they reaped none of the benefits of a particular action nor played any part of it. That is what this is about...not the businesses themselves failing, we saw that with Lehman brothers, it's about the rest of the economy and everybody else....

Externality - Wikipedia, the free encyclopedia
In economics, an externality is an impact on any party not directly involved in an economic decision. An externality occurs when an economic activity causes external costs or external benefits to third party stakeholders who cannot directly affect an economic transaction. In other words, the producers and consumers in a market either do not bear all of the costs or do not reap all of the benefits of the economic activity
In a competitive market, the existence of externalities would mean that either too much or too little of the good would be produced and consumed in terms of overall cost and benefit to society

DanS.

EVEN if you were right(which you're not) you would rather say screw it...


NOT bailing out endagers EVERYBODY greatly...bailing out endagers everybody slightly...A tax is preferential to NO employment any day of the week. You're assuming that this is going to be a net loss...even though similar positions have never been.
You're right about the 75% deal but you're NOT right about small businesses getting screwed here. They will suffer the most or have the most to gain depending on whether or not this gets adopted.

guest1234567

And your point about free market and capitalism is?

Government has never attempted to buy out small businesses, the back bone of this country. They actually make it harder for a small company to get government contracts, even though it could save them Billions. They just let them fail and the same old Martin Mariettas and Northrops become facility operators and shut down any chance. At best, the little guy might be able to get in league with one of these kind of guys, but they will get virtually nothing out of it (except fodder for advertising) while the big boys pocket the extreme profits.

PursuitOfHappinessParty

*bangs Dan's head on desk some more*

So says the corporate handbook, however the truth is altogether different.

I say raising the national debt and raising interest payments to communist china is more a selling out my country.
I say the attending loan percentage rates will cost jobs, which directly leads to homelessness more than lost investments if those investments were diverse and done with prudent income to investment philosophies.
Wall Steet stuck it to themselves, they're just trying to pass the buck and keep their money, I'm sorry, OUR money. So with small businesses employing the vast majority of American's, I guess the 25% unemployment is erroneous and would be more likely to happen if the bail-out went through.

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" Tie two birds together and though they have four wings they cannot fly " Blind Master in 'Circle Of Iron'

guest1234567

Small businesses have been getting screwed for years already. The banks bundled up their insanely valuable, high risk mortgages and sold them to wall street instead of investing in main street.