So a recession now, in a global economy and with our current state of power, should take how long? Longer or shorter? At what cost to the people or government?
At a guess, I'd say longer considering we no longer are the big exporters that we were then, nor the manufacturing powerhouse, but I could be wrong.
I do know that the Congressional Budget Office claimed that the Trillion dollar "stimulus" package will Triple our debt in 10 years and that the private sector will shrink considerably. It's already been stated that our grandchildren will be mired in debt and paybacks to China for the money we borrowed, so that's approx. 60+ years. assuming that each generation comes about every 30 years (I'm taking into account that if born this year, our children will have children in 30 years, and when their children are in the workplace, 60 years will have passed from this year).
I voted for quite a few federal offices. Explain how it does not equal me.
Voting does not mean the government equals you, as you, do not make up the whole of the people. If the government really equaled the people, then I think you need to ask yourself why today, on tax day, we have over 2000 national tea parties going with pissed off Americans protesting the very actions of the federal government bailouts and tax and spend.
And if I read the arguments correctly, some are arguing the federal government shouldn't even have looked into it at all.
Which is the correct path here, to do something about it, or not?
I think that investigations into the financial industry should be sanctioned independently and guilty parties found doing something illegal to be prosecuted to the fullest extent of the law. Normally, I'd actually have the government do this, BUT considering the lack of stewardship of Fannie and Freddie by such renowned boobs like Barnie Frank and Chris Dodd, I'd prefer to NOT have them part of the investigation.
I would NOT bail out failing companies. If you wish to reap the rewards of a capitalist system, you must also consider the possibility of failure. It IS a risk-based system.
I may even consider other measures if appropriate and applicable to solving the problem pendent on further research, but that, is currently the conclusion I have arrived at.
Getting angry at the CEOs for being greedy is like expecting wolves not attack a flock of sheep. It is simply the nature of the animal. Now understand, that this isn't some moral justification bull****. Knowing that some CEOS will inevitably take the path of the "bad guy", government comes in as the "good guy" and says it will "right the wrongs of the evildoers".
Yea, but you don't let the wolf eat the sheep "cause that's what they do". You try to stop them. That's a poor analogy.
I think you misinterpreted this analogy as I was comparing the natures of government and the CEOs. What you're supposed to get from this is that Government (or more accurately, the politicians running the government) basically claim to be helping you, while doing the opposite and rewarding bad behavior (due to political contributions, no doubt). In other words, you seem to be pissed off only at the CEOs and dismissive of those in government who allowed for this fiasco to happen, which suggests to me, a double standard due to an ideological belief that government can do no wrong (which of course if hogwash, because government is run by man who is a corruptible creature and thus prone to imperfection). Now, if I am wrong about my analysis of your perceived anger limited only to one party and not the other, please say so and I'll retract that statement.
However, it turns out the "good guy" isn't as good as it claims it is, allows for the "bad guy" to do more things that pisses off the people, then claims it didn't know anything, then retracts and says it did. Either the "good guy" is just another "bad guy" with a false moniker and is outright lying to the public, or is grossly incompetent and easily manipulated by the "bad guy". Either way, the people are getting screwed. So, what's worse, the bad guy we all know about, or the "bad guy" pretending to be our "good guy"?
By that horrible logic, it doesn't matter, since they're both bad guys. But in another way, I wouldn't trust a CEO or business exec with my freedom or liberty because I know he is concerned with neither. He wants what is in my wallet, period.
Ironically, the politicians who run the government don't much care for your freedom or liberty either, because if they did, Congress would NEVER have allowed language to be put into the bailout that created this situation where AIG execs are entitled to their bonuses. Face it, you've been had.
And I do agree that the logic is horrible, especially because one must consider the reality that government is corrupted. The approval ratings of the House and the Senate haven't been in the toilet for the past two years for no reason.