This is scary. Even the extreme left has to wonder if printing and pumping this much money into the economy will land us on the road to recovery. My thoughts: embrace Darwinism, let unsalvageable companies fail, let unqualified homeowners lose their homes, and downgrade expectations.Throwing money at an imminent failure—whether that be a mortgage or a business—will just prolong the inevitable and inflate the USD. If it's not sustainable, it's not sustainable: AIG, GM, $50k salary-earners with half-million dollar homes, etc. The bailout and subsidy requests will never stop. How many times is it for AIG—three now?
But let me step back for a second. While my approach is business-sensible, as the President of the United States, how do you cut off your nation and tell them that you're not going to provide help? As the gap beween the have's and have-not's widens (with more people joining the latter), how could you not devote all of your resources to stimulating the economy and giving our nation a chance (albeit slim) to stabilize? These are some really tough decisions and either way, America is going to go through devastation and despair before coming out of this. Everything is debatable, but in the end, I support the Obama administration and trust that they are working in our best interest.
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