Do you believe in welfare for Wall Street?

The Wall Street titans have turned into a bunch of welfare clients. They are desperate to be bailed out by government from their own incompetence, and from the deregulatory regime for which they lobbied so hard.





In the conservative enthusiasm for deregulation that took root in the late 1970s, flowered in the Reagan era and reached its apogee in the second Bush years, we forgot the lesson that government needs to keep a careful watch on what capitalists do.





So now the bailouts begin. %26quot;We have been saying for so long that government is the enemy,%26quot; William Cohen once said. %26quot;Government is the enemy until you need a friend.%26quot;

Do you believe in welfare for Wall Street?
I think it%26#039;s right that our govt try and prevent melt downs but think the people who caused it as individuals should pay a high financial price, as an example during the huge savings and loan mess, McCain who was one of the Keating five, help cause that mess should of been bared from politics right then and there. Milliken one of the big offenders, junk bonds, when he left prison, he left with million and millions of dollars - think he should of been made a permanent street person.
Reply:That is a loaded question. Please reword it.
Reply:I don%26#039;t believe in Welfare anywhere...period!
Reply:NO





In theory Government, through our taxes, exists for the health and welfare of United States Citizens: Infrastructure, Education, Healthcare, Housing, Regulation of Corporate Capitalism and National Defense.





In practice our Government, through our taxes, gives tax breaks, economic incentives, bailouts and lax regulatory conditions to Corporations; including a half Trillion Dollars for the Pentagon-much of it for Military Contractors, while at the same time decreasing Federal funding for Infrastructure, Healthcare, Housing and Education.
Reply:The government has been supporting irresponsible lazy free loaders for a long time, at least the people in Wall street are working, not watching the soap operas at home, while getting a check in the mail.
Reply:Without welfare, system cannot stand if we understand enough that short term couldn%26#039;t built a society indeed.





Wall Street should earn more and more and no redistribute for citizens... more than people are include inside economy, more a country could increase the growth...





Who can say that make homeless could be useful ?


Who cares about subprimes crises and Katrina consequences ?





(Sorry for my English)
Reply:Free market has a way of rooting out bad inefficient industries that dont make profit. Why the govt should feel a need to bailout is beyond me. Its sets a terrible precdent when taxpayer money is used to prop up failed industries. Most sub prime mortgage companies and those that bought the securities wither have totally collpased or are in serious financial conditions that there is no where else to place anymore punishment on.





When and open and free markets see significant changes like this it portends important evolutionary(free market) characteristics that are both very terrifying and exciting. We continue to deplore outsourcing when the jobs being outsourced are only manufacturing jobs the main staple of our employment base for 100 years. Our economy is changing ina whole new direction that shouldnt be interrupted with. Let companies make as much profit as possible, this ensures economic stability and growth that will greatly exceed everyones standard of living.
Reply:You don%26#039;t suppose the government flooding the world with cheap dollars and then raising the fed funds rate had anything to do with the turmoil on Wall Street?



online payday loans