Originally Posted by joshgirls

im confused on what side i should take, pro or con?

pro - if obama lets all these companies that failed just die, there will be millions of more unemployed people with no prospects of them getting new jobs anytime soon. the unemployed would place bigger burdens on govt. (unemployment & healthcare costs) & make the deficit swell anyway. so its better to bailout these companies, keep the economy as stable as possible & hope these failed companies get back on their feet. Airlines, banks & automakers have been bailed out before & they succeeded.

con - in the long run, the government is propping up failed economic models that are going to die anyway. There are plenty of banks & automakers that did not need to be bailed out. The ones needing bailouts were the ones that were badly managed & could not survive a recession. The point of recessions is to kill weak business so the fit get stronger. This rewards success. & bailing out Chrysler how many times now? is only costing the taxpayer money & interfering with mechanisms that keep the economy strong in the long run.

My liberal side says bailouts are the right move. My republican side says fuck no.