Source: Detroit News
quote: If GM goes under, you can just buy a different car. If the largest lending institutions go, well, the fallout from that would obviously be significant.
quote: north western europe seems to have managed to deliver more equality (1)and more happiness (2) without creating evil communist dicatatorships.
quote: Was that an attempt at a logical economic argument, or just expressing your preference for economic apocalypse if it manages to stick it to those you dislike for their success?
quote: Because, that's what would've happened. Most of the rich and powerful would've had their power stripped, a few (probably the government) would've become further entrenched, and everyone else from the bottom of the economic ladder up through the upper middle class would've had any and all savings annihilated. At least, if you'd had your way.
quote: That brings up another point: it's almost useless trying to create an equal society. In history, I'm not aware of it ever being the case. Some lead, most follow. There's always someone "more equal" then the others. In China, 99% were equal, but Mao, he was more equal. Stalin, same thing. Chavez. Castro.
quote: All any plan to remove the powerful simply replace them with someone else. Typically it's a change for the worse. At least in America, the majority of millionaires are in fact self-made, so that should be something to be proud of, even though they're objects of hate for most.
quote: grasp the fact that the USA is an extremist capitalist country.
quote: If people expect a society to work effectively then it needs to be classless. I would never agree to welfare handouts, but I do believe that all people within a society should have more-less equal opportunities to find success as opposed to being under the collective thumb of the "ruling class".
quote: This is nothing but thinly veiled class warfare. The US Treasury created the problem that you're now blaming on a select few rich people. And it's the US Treasury that's going to always prevent any significant changes to the system.
quote: Your opinions are disgusting and divisive. And not at all accurate of the situation.
quote: More proof that YOU'RE the extremist. We haven't been "extremist capitalist" in over half a century. No economist in his right mind would call us extremely capitalist anymore. We're as mixed as can be. Our country is capitalist with corporatist and socialist ingredients mixed in.
quote: In an "extremely capitalist" country we wouldn't be having this discussion. Because bailouts and handouts wouldn't have happened in the first place.
quote: No, it's not success. It's the result of being able to exploit the system since they are the ones controlling the system.
quote: I'd be willing to wager that the bloated facist regime we have now would implode.
quote: Wait..who said anything about equality? I merely said the distribution of wealth would be more spread out...i.e. thrown back to a time when currency actually had value based on goods/services and not the volume of paper money being printed or the Fed's interest rate for banks.
quote: Allowing too few to wield absolute power guarantees corruption...spreading the power around and preventing any one entity from consolidating it maintains a kind of balance.
quote: If people expect a society to work effectively then it needs to be classless.
quote: To be fair, couldn't that be said about every politician?
quote: He says he "had to" break with his rigid conservative roots and craft the bailout, in order to "safeguard American workers and families."
quote: He takes credit for crafting the financial tools that President Obama would later use to slow the recession and set the nation back on more stable financial ground
quote: Reagan actually managed it during a single month if I recall, with a smaller population.
quote: He extended EVERY Bush policy, even the tax cuts Liberals railed against, even things he campaigned on ending when running for office. He piled even more debt on top of those policies, astronomical amounts of it.