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Government Intervention in the Economy Should it happen?

#1 {lang:macro__useroffline}   MA-53 {lang:icon}

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Posted 30 September 2008 - 12:12 AM

So I've heard that Real Life™ has been having some issues since the last patch. As an 18 year old who just got his first job, the economic issues going on right now sort of scare me.

Today that bailout bill got shot down in the house, and the DOW Jones suffered the largest single-day point loss ever. I don't pretend to understand everything about how this whole thing got mucked up, but I do have an interest in how it gets fixed.

I don't think that the bill was a good one, but I do think that the government needs to do something to help the economy, and fast.

What do you guys think? Was the bailout plan a good one? What sort of changes would you make? Have an idea for a bill that could really fix things up?
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#2 {lang:macro__useroffline}   Aaron {lang:icon}

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Posted 30 September 2008 - 01:11 AM

I'm not sure just how much they -can- do. Deficit spending can't go on forever, and they can't buyout the entire country.
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#3 {lang:macro__useroffline}   Zoo {lang:icon}

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Posted 30 September 2008 - 01:41 AM

I can't say I really know. I'm just sick of hearing about it. I have to wonder though if bailing companies out actually fixes anything or if it's more like putting a band-aid on a broken leg and there might be a more appropriate remedy.
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#4 {lang:macro__useroffline}   Aaron {lang:icon}

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Posted 30 September 2008 - 08:02 PM

QUOTE (Zoo @ Sep 29 2008, 08:41 PM) <{POST_SNAPBACK}>
I have to wonder though if bailing companies out actually fixes anything or if it's more like putting a band-aid on a broken leg and there might be a more appropriate remedy.


Good point.
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#5 {lang:macro__useroffline}   Zziggywolf5 {lang:icon}

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Posted 30 September 2008 - 11:06 PM

Well, from my understanding of the whole bailout thing, the government wants to buy people's loans so the loaning companies and such won't have to worry about giving credit. The people will then pay the loans off to the government.
Personally, I see a problem with hoping that people who couldn't/wouldn't pay off loans the first time would do so if it's the government they pay instead of a company. :/

QUOTE (JGJTan @ Jul 17 2008, 04:48 PM) <{POST_SNAPBACK}>
I endorse stalking. :thumb:
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#6 {lang:macro__useroffline}   Zoo {lang:icon}

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Posted 01 October 2008 - 01:38 AM

QUOTE (Zziggywolf5 @ Sep 30 2008, 07:06 PM) <{POST_SNAPBACK}>
Well, from my understanding of the whole bailout thing, the government wants to buy people's loans so the loaning companies and such won't have to worry about giving credit. The people will then pay the loans off to the government.


Yeah, there seems to be a flaw in that thinking. Two, actually. One being what you mentioned. Another being that the lenders aren't suffering much from this sort of deal, and thus have little incentive to change their practices, at least as a result of this sort of bailout.
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#7 {lang:macro__useroffline}   Atilla {lang:icon}

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Posted 02 October 2008 - 10:02 PM

No thanks. Not for any of your standard political reasons, I'm just hoping for an extreme depression followed by a proletarian revolution.
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#8 {lang:macro__useroffline}   Aaron {lang:icon}

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Posted 03 October 2008 - 08:37 PM

Karl Marx would be proud.
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#9 {lang:macro__useroffline}   delta_3mo {lang:icon}

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Posted 03 October 2008 - 09:50 PM

QUOTE (.Bryce. @ Oct 2 2008, 06:02 PM) <{POST_SNAPBACK}>
No thanks. Not for any of your standard political reasons, I'm just hoping for an extreme depression followed by a proletarian revolution.


Thomas Jefferson said that America would experirence a revolution every 20 years to keep the govt. in order. Its been 200...
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#10 {lang:macro__useroffline}   Owenskie {lang:icon}

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Posted 08 October 2008 - 01:26 AM

There is nothing wrong if a government is helping its businesses, after all it's also the government's obligation BUT they have to make sure that the money they will be releasing should at least be also very beneficial to its taxpayers. It's the taxpayer's money. Something like in return to its citizens
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