Comments on: Credit Crisis News — Pay Attention This Weekend http://www.thelibertypapers.org/2008/11/13/credit-crisis-news-pay-attention-this-weekend/ Life. Liberty. Property. Defending individual freedom and liberty, one post at a time. Wed, 22 May 2013 18:26:11 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: The Liberty Papers »Blog Archive » Germany Enters Recession — Europe Expected To Follow http://www.thelibertypapers.org/2008/11/13/credit-crisis-news-pay-attention-this-weekend/#comment-61143 The Liberty Papers »Blog Archive » Germany Enters Recession — Europe Expected To Follow Fri, 14 Nov 2008 06:35:23 +0000 http://www.thelibertypapers.org/?p=3191#comment-61143 [...] Akston: Was I asleep when we all decided to abandon this “freedom&#8221 ; thing and simply anoint emperors,… [...]

]]> By: Akston http://www.thelibertypapers.org/2008/11/13/credit-crisis-news-pay-attention-this-weekend/#comment-61139 Akston Thu, 13 Nov 2008 21:13:09 +0000 http://www.thelibertypapers.org/?p=3191#comment-61139 Was I asleep when we all decided to abandon this “freedom” thing and simply anoint emperors, kings, and noblemen to proclaim how “we” will all run “our” economies? Didn’t we already have a few millennia of this style of abuse?

Note to Ben: “Apparently, we can’t keep it.”

]]> By: TerryP http://www.thelibertypapers.org/2008/11/13/credit-crisis-news-pay-attention-this-weekend/#comment-61137 TerryP Thu, 13 Nov 2008 15:08:02 +0000 http://www.thelibertypapers.org/?p=3191#comment-61137 They don’t need to increase spending, they need to decrease it. Increasing spending means you are just taking money out of private hands that are already hurting and putting it into a bureaucrats hands to dole out to people and businesses that do not deserve it. We will get out of this situation far faster if we lessen the burden on the taxpayer then increase it. If the gov’t insists on spending our money at least let the companies fail without bailouts and help people on the backend that may lose their jobs to get trained for diffferent jobs. This insulating businesses from their bad decisions just doesn’t work and makes things worse in the future.

The sad thing is that they will blame this on capitalism, even though they are not allowing capitalism to work. If they allowed capitalism to work these businesses that made bad decisions would be allowed to fail and either be restructured for the better or have someone else take their place if their is still a need. i.e. if GM fails it doesn’t mean cars will not be built. If someone wants a car and is willing to pay for it, someone will build it, either a current company or someone new. By allowing GM or others to go bankrupt you will allow the industry get down to the size and structure that is sustainable instead of a bloated industry that is not allowed to restructure because of union contracts and gov’t meddling.

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