I Admit It: I am torn over the bailout (user search)
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  I Admit It: I am torn over the bailout (search mode)
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Author Topic: I Admit It: I am torn over the bailout  (Read 2888 times)
Fmr. Pres. Duke
AHDuke99
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« on: September 25, 2008, 06:34:25 PM »

Well I'm a business major which is much like Economics. I will say that I am torn over it too. My principles are against big government intervention, but I am scared of what will happen if we just let the market decide. These businesses don't have any liquidity at all, so if they don't get relief, they can't do business. If they can't go business, ordinary Americans who use them or invest in them will be really hurting.

Things are getting bad now that my family's income class is beginning to feel it. We've got a lot of investments in the market and my college fund has dropped 30% this year which is big considering I'm paying $50,000 a year in tuition. I'm just afraid if this bailout fails that my life savings will go down the tubes. A lot of people, including the investor class, will be hurting.

I'm surprised you're possibly against the bailout. I figured you'd be a regular old Keynesian when it came to this. Wink


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