Okay, so I have been away for awhile from my usual blogging, but now I'm back. So, here is what is on the docket for this post:
-Where is the logic in the new "Obamanomics"?
I am not quite sure where the reason is in spending trillions of dollars on the unnecessary bailouts. To be quite frank, I can't see any logical reasoning at all.
Actually, let me go out on a tangent for a moment real quick. Basic economics teaches us that when times get hard, and companies don't get bailed out, there is a fantastic product that comes of this, "efficiency". We learn how to produce a product faster, cheaper, and better. Yes, there are those people who suffer at the hands of economic downturns and lose their jobs, but that is a part of the life of the economic cycle. You know what the great thing is, though, about those people who lose their jobs? They can go and help the economy flourish in other areas. They can help us to be more efficient overall, as a nation. Not only that, but it teaches an invaluable lesson as well to those companies who were less than wise with their fiscal and other decisions. That lesson is accountability. Okay, so there was my side note. Now, back to the matter at hand. Let me ask this question:
How does bailing these companies out teach them efficiency and accountability for their decisions?
Here's the answer for those who do not know...It DOESN'T! Point blank, it is the worst way to fix the problem. This country's economy IS failing slightly, point taken, but again it is just a part of the economic cycle that leads to an overall betterment. The economy has always found a way to fix itself without much, if any government intervention. These bailouts suck! They are not going to fix this problem we have, they will make it worse! This country's financial woes are only going to get worse while "Obamanomics" is in place, and that's a fact.
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