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09-26-2008, 08:55 AM #4Senior Member
Alternative to a "bailout"
It could be interesting to see a day when economics is a regular class in all basic school programs. Why it isn't already is a mystery to me.
If we want our national books to be balanced and keep them that way it means we all have to do our part and stop living beyond our means. putting yourself in debt for something that will eventually pay dividends is acceptable, going in debt just because you had to have that navigator with the 24 inch spinners, even though you could never afford it, is not ok.
We need to start teaching the new generations how to be good consumers. Since weve chosen to be a consumer nation we should strive to be better at it.
In a society where most of the population understands how it's economy works the situation we find ourselves in would never happen, people just wouldn't do business with the people who are gonna run their companies into the ground.
I guess I don't have all the answers but I do know that this whole buyout thing just sounds way too communist to me.
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