Quote Originally Posted by thcbongman
His suggestion not to devalue the American dollar is true. Is the US government in the business to bail financial companies who are not responsible? More companies are going to keep failing, should the government bail out every company? It sets a precident. One of these days the bullet has to bitten, otherwise the deficit will continue to rise.

McCain is definitely an elitiest, after all, he voted against keeping companies from price gouging oil and gasoline. He's the typical for-profit republican. However, I think he's right in some sense. When do we draw the line?
They let Lehman Brothers go under. That was bad enough.

This is only a loan, which they (AIG) must pay back with interest. If the company really takes off agin, and it very well could, the taxpayers will be rewarded with profits. To let the company go down would have been a disaster.

AIG aside, 40,000 jobs in NYC alone are lost because of the economic downturn in the past few weeks. Additionally, for every job in the security industry that is ended, two or three jobs in other sectors are lost accross the country.

We're trying to avert a major depression, the beginnings of which have already has had worldwide consequences.

I did not intend to vote for Obama, but I'm afraid he's the only one smart enough to understand the situation.