13 Sep 08
2 edits
Originally posted by mbakuninThe invisible hand is pulling my ass out of poverty, my friend. From living with my Mom to buying a brand new car and looking at property within a year.
with the recent events concerning fannie mae and freddie mac, and now the possibility of lehman brothers being rescued from collapse by the government, like Bear Stearns before it, where does the theory of economic liberalism stand in the us? where is the invisible hand?
I'm a charter school science teacher. These government bailouts will not help my life I don't think, and I am not convinced they're a good idea. I am very skeptical of them. On the faith that trained economists know what they're doing better than I do I don't criticise this much though. I keep hearing experts say this could cause a worldwide depression. I wonder if any of them have...personal interest...in the topic?
13 Sep 08
Originally posted by AThousandYoungThe Bear bailout isn't as bad as it appears. Hopefully, Treasury won't do anything to help Lehman. Lehman means nothing in the grand scheme of things.
The invisible hand is pulling my ass out of poverty, my friend. From living with my Mom to buying a brand new car and looking at property within a year.
I'm a charter school science teacher. These government bailouts will not help my life I don't think, and I am not convinced they're a good idea. I am very skeptical of them. On the faith that t ...[text shortened]... e a worldwide depression. I wonder if any of them have...personal interest...in the topic?
As for F&F, they were Government guaranteed, so they can't very well let them go. More importantly, people in both parties should realized that F&F have done a tremendous amount to make home ownership possible for the middle class, therefore adding a tremendous amount of wealth to the middle class. For perspective, the mortgage industry is $11 trillion, a couple hundred billion into F&F is a drop in the bucket and well worth every penny.
14 Sep 08
Originally posted by AThousandYoungAs for the worldwide depression nonsense.... the US is about 25% of global GDP. It's far more likely that the rest of world would drag us down than us dragging the world down into a depression.
The invisible hand is pulling my ass out of poverty, my friend. From living with my Mom to buying a brand new car and looking at property within a year.
I'm a charter school science teacher. These government bailouts will not help my life I don't think, and I am not convinced they're a good idea. I am very skeptical of them. On the faith that t ...[text shortened]... e a worldwide depression. I wonder if any of them have...personal interest...in the topic?