Bailout Banks or Not? You've Been Elected.

You have just been elected a congressperson for your district by a mock ATS thread. Can you see through all of the chaos, smoke and mirrors and make a sound decision?

I am just curious how many ATSer's say let congress pass a bailout plan and push it all onto the tax payers of the USA, with zero return on investment?

Or let the banks and Wall street failures work themselves out of bad decisions?

And what is your reasoning behind either answer?



[edit on 26-9-2008 by Realtruth]

Originally posted by Realtruth
You have just been elected a congressperson for your district by a mock ATS thread. Can you see through all of the chaos, smoke and mirrors and make a sound decision?

I am just curious how many ATSer's say let congress pass a bailout plan and push it all onto the tax payers of the USA, with zero return on investment?

Or let the banks and Wall street failures work themselves out?

And what is your reasoning behind either answer?




[edit on 26-9-2008 by Realtruth]

No bail out money.

Reason: If fixes nothing only delays the inevitable and the more we spend to stay out of this situation the further in debt we go and the less the dollar is worth world wide. Not to mention a buildings on fire you jump out the third story window chances are you will be hurt pretty bad but chances of death are pretty slim. You run up the the stairs cause the higher you go the less flames there are. But when the flames catch up to you on the 10th floor and you have to jump, chances are your dead.

Congress needs a new mentality of thinking outside the box. Right now, they think if they throw enough money at a problem it will somehow go away...they have been doing this for years.

They need to let em sort it out themselves. I guarantee when the banks fail and new ones pop up to take their place they will be more careful. We learned this in kindergarten. If you touch something hot and it burns you, you will not touch it again.