This Is One Scary Clock

[Sheriff Gonna Getcha]

Originally Posted by jsarno

I've said it before and I'll say it again...if the gov bailed out HOMEOWNERS instead of businesses, our country would have had an instant rebound! Don't think for one second there would not have been some other company willing to pick up where GM (for instance) left off. If you can't run your company to profit, you need to shut down, not be bailed out.

I pretty much agree when it comes to bailing out auto companies, but I disagree with respect to TARP. Had the government let all the banks fail, new ones would not have sprouted up in their place overnight. We were facing a massive, massive meltdown that even ardent free marketeers (e.g., Paulson) agreed necessitated the stimulus spending and investments.