United States Heading towards a Depression?

Sorry, did you answer my question? I can cut and paste it in for you if your scroll bar is broken.

 

Ok so you wanna play? Cool.

To answer your Q, no, handing out taxpayer money does not figure in capitalism.
Now, You claim to be a supporter of capitalism, small government and call Reagen your favorite president, but you have supported:

1) Bailing out corporates with taxpayer money
2) Government forcibly breaking them up
3) Excessive government regulation
4) Cap on executive salaries
5) Banning Investment banks from selling what they like and banning investors from buying what they like.

This proves that you don't believe in capitalism and support socialist measure as your idea of reform ("if I were a dictator"). I'm glad about that but would be more glad if you'd openly support it.

 

So we agree. Terrific! I'm going to ignore the remainder of your post, which consisted entirely of you incorrectly stating my position on the issues, and focus on the cause and effect of the item we agree on. If handing out taxpayer money has no place in capitalism,

1) why did we do it?
2) was it necessary?
3) how do we avoid doing it again?

The fairly simple answers to these three questions lead to the logical conclusion I've already presented, making my conclusion about as capitalist as you can get. Answers as follows:

1) Why did we do it?
A) Because most economists agreed, had we let AIG and Goldman fail, our economy would have collapsed in a way that would have made the great depression look like a party.

2) Was it necessary?
A) Is it necessary to hand your wallet to the guy pointing a gun at you? Perhaps not, but it beats the alternative.

3) How do we avoid doing it again?
A) Eliminate the person who robbed you.

Our president has gone down the path of saying the problem is the gun that was used, and not the company that used it, yet the fact remains, so long as these companies exist in their current format, the chances are they will be back for another check from the US taxpayers. Too big to fail = too big to exist. Period.

Also, for the record, I've never been a Libertarian, in favor of eliminating all regulations. Some regulation has always made sense, and in that regard, I weigh in far more to the libertarian side than you do, so your criticisms come across as trolling.

 

You don't know what the bottom is kid.

 

Capitalism is working out great in Iceland... I wish America would follow their lead. LINK

 

Is this the lead to follow

 

Hmmm.. are you getting blocked ? I used the link from your post ( # 6507 ) and I can access it, no problem.

 

Gotta agree here, Goldman is running things. They appear to be running Obama as well.

 

So quiet in this thread. President Obama might have done something good lately.

 

I doubt that very much.

I've lost count of how many of his early supporters now criticise him.

 

Actually I think the majority of people that supported him in this thread, no longer do.

 

Great news for the present Administration.

The Contract for Budget Deficits after 40 years of sound management joins the broadening field of Republican candidates.

 

Yoda?

............

 

I was just asking no biggie. May it be recession or depression it does not matter to me. I'll just sell my house and retire with my few savings, retirement benefits on my 8 bedroom house beside the beach. Long live King Popo.

 

I hope you have a good portion of your savings in precious metals my friend.

 

I have a few but I bought it in India and Thailand better quality than what are offered here locally of 10 and 14. India has 22 to 24 and Thailand has baht.

 

Well, unemployment is UP again at 9.2%. I'd say that after two years of Obama, all but the most coldhearted would say the economy still sucks.

 

An AP poll conducted by two people suggests Obama's approval rating is 60% and goes on to illustrate how great the economy is, the recovery and jobs numbers... Funny how people are still writing the opposite of what is really taking place. I'm as bewildered as ever. I thought for sure it was meant to be satire.

 

The momentum in favor of the Republican's control of the house not withstanding, with the continued improvement in the overall economy and general approval of the Administrations policies improving sequentially a swing of 25 seats in the House in a contentious 2012 election is indeed a distinct possibility. A reversal in the economy may very well as not be a catalyst for the Democrats.

 

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I think I figured out where breeze goes to translate: http://www.rinkworks.com/dialect/