The bail out money is throwing tax payers hard earn dollars down the drain.

United States
January 23, 2009 11:49am CST
The only thing that the bail out money is doing, is giving more pork to the banks and shell we not forget the Auto industry. This is not going to solve the financial problems. Over inflation is the problem of our economy. It has been out of control since the 60's. What this economy needs is a good enema. We need to deflat the cost of goods, housing, energy, tranportation, Taxes, health care,etc. The government has to regulate and control banks, there is to much money being paid out for bonus's etc. Regulate how the auto industry spends their money. Get rid of the auto unions their the reason for the auto inflation. over the last 50 years. Regulate housing, this industry has been out of control since the 70's. The only way your going to turn the economy around is deflation. Deflation is the key to restarting the economy. Housing costs have to drop to 30 year lows. The cost of an Automobile, Food, Health Care, Education, Taxes etc. All have to drop to 40 year levels to jump start the economy. Because all the government is doing is feeding fire with fire and not really getting to the meat of the matter. You have to wipe the slate clean and start over. What do you think?
1 response
• United States
23 Jan 09
Deflation poses its own risks, I vote we stagnate it. Accept that we aren't going to grow for a while. Those who are overspending because they are assuming future growth will have to cut it out which will slow things down, then we cut taxes to offset the slowdown, and maintain the status quo while people and business trim fat, re organize and prepare for growth down the line.