Quote:
Originally Posted by gimpy117
A lot of those jobs were going to "cost way to much money". Which is ironic because nobody on both sides of the isle batted an eye when they decided to continue with the republican bailouts.
as far as im concerned, those banks should still be under direct government control until we get every cent back.
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Those bailouts were wrong. The Democratic Party had the opportunity to stand on principle and stop them. They did no such thing.
Are the banks to be like General Motors? They gave the money back, but are still majority-owned by the government. That's the problem with government bailouts; once given, the government
never relinquishes conrtol. And since the government generates no revenue, it makes you, and I and every other American now responsible for a failed company. Given the track record of the banks, I do not want that responsibility either.