Government Messups: Which one hurt most?

United States
October 31, 2009 5:05pm CST
You see it everywhere, someone talking about how our Government has messed up in one way or another. It got me thinking, what was the most damaging mistake of the US Government in its 200 year lifespan? In recent blunders, I would have to cast my vote for the bailout of General Motors. The company should have been left alone to either survive or fail, just like Ford had to. It's not like the only car manufacturers are the big three anymore. What happens if GM does not rebound and become productive in the near years and the government is stuck holding a worthless company?
3 people like this
11 responses
@lilaclady (28207)
• Australia
31 Oct 09
I don't know about the US but here in Australia our Government froze certain investments and for the people who were living off those investments had to live on practically nothing as the investments he froze was the ones that retirees are living off...so long as it didn't affect the prime Minister then it was ok by him...horrible little man.
• United States
31 Oct 09
Did he unfreeze them? Man, that sounds horrible. I've seen stuff like that with the stock market here in the US. The SEC will suspend a stock or halt it then when it does/if it does reopen the price plummets. Investments are a risky thing.
@rjl1989 (190)
31 Oct 09
It depends on the investment, risky investments are risky, if you stick your money in a bank it's safe (up to the amount guaranteed by government at least)
1 person likes this
@lilaclady (28207)
• Australia
31 Oct 09
No they are not unfrozen they do let you get 2% out a month...he has done it because he needed to have money to prop the banks up..I always thought banks were safe but apparantly not, it is this money that he has frozen that is giving the banks a guarantee, I guess when he lifts the freeze the banks won't be so safe.....
• United States
1 Nov 09
Everyone makes mistakes from time to time. It happens. But some blunders are so %^&(*&*%^% heinous, it's unbelievable. The stimulus plan was a big one. Not staying in Germany after WWI was a big one too. The fairness doctrine was pretty stupid. Chattel slavery--it was a bad idea. Social security seems like it's not going to work. All of these were pretty boneheaded moves. The biggest one, though, is allowing our country to get indebted to others. Once we allowed ourselves to get in the red, it was incredibly easy to stay there. America was once the manufacturing capital of the world. We won two world wars because we outproduced our enemies. Now, nearly all our factories are overseas, and those that are here are unionized and can't compete in the world market. Union salaries artificially inflate the price of manufactured goods. The quality of union labor is no better than that of non-union labor (some can argue that unionized labor is worse), but the price is much higher. But I digress. America once imported raw materials and turned them into finished products which were then exported to the world. We've got natural resources here, but we don't use them because of animal rights groups. Instead, we purchase our resources from militant nations who wish to do us (and have, in the past) done our nation grave injury. We spend our money stupidly, and don't run this country like a solvent business. If we ran this country well, we'd make money, we'd use our own resources, and we'd still be able to buy an 8 oz Coke for a nickel.
@oneshy (18)
• United States
1 Nov 09
This question has been made difficult because of the MANY mistakes made. Giving up control of our money to the private banks. Although Jackson fought them congress was responsible for that. Going off the gold standard is the primary reason, although not the only one, for the present problem with the dollar.
• United States
1 Nov 09
You talked about allowing our nation to go into debt. Our government use to run a balanced budget until a man, forgive me I forgot his name (if you know please do refresh my memory), basically said that on the long model, a government should not worry about carrying a balanced budget and that it was okay to run a deficit. Yet, if you do run a deficit, he said you must pay the piper and run surpluses in times of prosperity until the budget is balanced. Unfortunately, our government went allong with this but there is a major problem and it is tied into our politics. In a time of prosperity, who is going to win an election, a candidate wanting to raise taxes or one who either wants to leave it alone or lower them. The second one hands down. Without raising taxes, you can not chip away at the deficit and even if you run a balanced budget for your term, the national debit will still be there. Again, very interesting to think about.
@laglen (19759)
• United States
2 Nov 09
So many to choose from - Republican and Democrats alike. Vietnam? bail out? slavery? new deal? great society? There are so many and I really do not think I could pin point one. But I do have to say that these days it is constant and not slowing down. :(
@hmkoct5 (2065)
• United States
31 Oct 09
That is a great question. I don't know if I am knowledgeable enough about history to answer this question. I do think the most recent stimulus plan we a mistake. I hate that we are so in debt to China. Basically, they own us and this bothers me very much! I'm just not sure the amount spent on the stimulus has helped this country in return.
@solared (1207)
• United States
1 Nov 09
Hmm I would say handing over the panama canal, also not guarding the borders, not allowing amnesty, so everyone else can pay taxes also, and not going with the fair tax.
• United States
2 Nov 09
In recent history anyways, I have to say that the bailout of AIG insurance was a major mistake. I don't agree with this too big to let fail thing. If they are going under, then let another company who has been doing good buy parts or all of it at market price. That makes the most sense to me.
@xfahctor (14118)
• Lancaster, New Hampshire
1 Nov 09
WOW! where o where to begin? lol. I wish first to differentiate between stupid government mistakes and actions that we the people allowed them to take. In the latter, I would place thngs like the 16th amendment, the organic act, the removal of the original 13th amendment, (not the slavery amendment) the slow surrender of our state soviergnty, the slow growing dependence by us the people on government and the willingness to trade our liberty for security. On plain government action, I would say things like the creation of the federal reserve, allowing ourselves to become so entangled with the UN and hosting and paying 20% of their operating budget. removal of Glass Stiegle. T.A.R.P. was probably the biggest mess up in recent history (don't even get me started). Followed by both "stimulus" plans. Cash for clunkers was another "winner" too.
• United States
1 Nov 09
One thing not mentioned so far is the IRS. Maybe not as bad as the ones already mentioned, but still a mistake. Is such a huge discouragement to savings and investment.
• United States
1 Nov 09
Florida, there are so many that I don't think that you really could pick just one. Recently I would have to say the was in Vietnam, and befriending, and supporting two stand up guys in Saddam Hussein, and Osama Bin Laden. But, I am sure that there are millions more.
• United States
1 Nov 09
If GM does not rebound, well then, we'll just have to fund other useful alternatives. Cars aren't the end of the world. We as a country can just as well excel in technology, maybe beat China?
@epicure35 (2814)
• United States
1 Nov 09
The most egregious error made by the US Government has been to allow treason and seditious subversion of our Constitution to be committed by the depraved Nancy Pelosi, the DNC and those gangsters and America haters who knowingly and with malice of forethought and afterthought, installed into the office of president an illegal alien, usurper, traitor whose mission is the destruction of our freedom and once great country. From this "error" we may never recover and extend our "lifespan" as a free nation. The 2008 fraudulent "election" has led to one horror after another as our Constitution continues to be subverted and the lawlessnes of the Chicago mob, radicals and creeps of all kind in "high" places prevails.