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you know where the $ for credit comes from right? investors, foreign & domestic
if we don't pass the bail out do you realize how many businesses that depend on credit won't be able to make payroll or continue to do business, how many people will lose their jobs, how many people won't get paid, how many people won't be able to pay their bills because of this and the cascading effect it will have?
from your perspective this works - the work you do is talent based... you don't need supplies, materials, goods, etc..
but what about the hosting company your servers are hosted at? (hypothetical, i know there are plenty out there that won't be effected.. but can you afford the downtime?)
credit is extremely important - not bailing out will have a huge effect on all credit lines out there, not just irresponsible credit
i'm not saying people shouldn't be penalized for making bad decisions and getting in over their head as far as credit is concerned... but even the average & even highly responsible credit consumer is gonna feel this & not in a good way
the market will end up evening out, home prices will level out & things will return to normal eventually but so many GOOD people are going to get screwed by this too
main st & wall st work hand in hand, people don't see this now & it seems to make sense not to bail out the 'fat cats' - but wait until their payroll check bounces, isn't even cut or they get laid off... THEN a lot of people will be saying "HEY! WHAT THE FUCK? FIX THIS SOMEBODY!"
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