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10-12-2008, 02:34 PM #31
Senior Member
national debt guessing game
Opinions vary:jointsmile:
Originally Posted by Tokerx
The government bailout is a little too encompassing to consider US actions socialist. The world markets are collapsing. The US is not in as bad of a position then other countries (the UK has higher leveraged ratio defaults). Thursday night (Friday in Japan), the Nikki dropped nearly 10%. This is all very bad, therefore government intervention is needed because it is their actions that have led us to this field. Had markets been allowed to fall and rise at their own speed and way, a massive bubble such as the one we now all face would not exist. One of the contributing factors of the great depression was the fact that world wide market collaboration did not exist.
In almost any other scenario, i would loath government intervention, but the cost is just to great at the present time. I do not want to see mass people starving, living in the slums, mass suicides etc... By not having Universal Health Care, the scenario described will not take place.
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