02-14-2019, 09:28 AM | #101 | |
Head Coach
Join Date: Oct 2005
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Quote:
I don't disagree they were insolvent at the time of the GR. However, for the years preceding, they produced, they employed alot of people, they helped alot of companies/startups with financing etc. They "produced" significantly. Not so much the IB, but during the GR, there were Banks and Insurance companies that were "too big to fail". Auto companies were also "too big to fail". I was all for the bailout because IMO it prevented us from diving off the deep, deep, deep end. |
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02-14-2019, 11:52 AM | #102 | |
Grizzled Veteran
Join Date: Nov 2006
Location: Backwoods, SC
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And I think we should have dove head first. It would have been painful, very, for a while. But it would have forced a reset. Now we have just kicked the an down the road....this battle will be fought again, who knows when. |
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02-14-2019, 08:11 PM | #103 | |
Head Coach
Join Date: Oct 2005
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Quote:
Nope not me. I'm not sure what "battle" is but I am positive there are easier ways to get to some sort of reform vs a Great Depression. |
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02-15-2019, 09:21 AM | #104 | |
Hall Of Famer
Join Date: Jan 2001
Location: Decatur, GA
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100% with you. Even though I am well certain that a second Great Depression would have (like the first one - remember the New Deal was enacted partially because FDR feared a socialist revolution would arise) led to far more controls and limits on businesses and more governmental programs to help the poor, I wouldn't want the suffering of millions/billions to occur to achieve those ends.
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"A prayer for the wild at heart, kept in cages" -Tennessee Williams Last edited by ISiddiqui : 02-15-2019 at 09:22 AM. |
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02-15-2019, 09:25 AM | #105 |
Hall Of Famer
Join Date: Nov 2002
Location: Newburgh, NY
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Yeah if I could go back to 1929 and alleviate the suffering of the 30s and 40s, I'd have to be a monster not to do that.
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To love someone is to strive to accept that person exactly the way he or she is, right here and now.. - Mr. Rogers |
02-15-2019, 12:50 PM | #106 | |
Hall Of Famer
Join Date: Jun 2006
Location: Chicago, IL
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So did Circuit City. Does having past success mean the government needs to subsidize your losses and give you a competitive advantage forever? |
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02-15-2019, 02:00 PM | #107 | |
Head Coach
Join Date: Oct 2005
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Quote:
Lets be clear and say that forever is a long time and I don't think I said or implied it. With that said ... Not sure if you are comparing the relative importance of Circuit City to IB, Banks, Auto companies during the GR because that was the context of the quote? If so, don't think its a good comparison. In order of relative importance/repercussions to the economy and market, Circuit City is insignificant. If you are bringing Circuit City in the non-GR sense, where they produced in the past and then floundered with competition ... No, government doesn't need to get involved because the market and IB could have kept CC afloat if they thought them worthy of it. Last edited by Edward64 : 02-15-2019 at 02:11 PM. |
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