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Yes because if they went down, they would've brought down a lot of smaller companies with them and we would be in a much worse position than where we are now.
WRONG!!!
How many times must I say this?
GOVERNMENT NEEDS TO KEEP ITS MITTS OUT OF PRIVATE BUSINESS, PERIOD!!!
When government interferes in the course of business, that is socialism – and that is deadly for the economy and the average person, let alone the nation.
When one business, be it manufacturing or financial, fails there are always other businesses out there ready and willing to take their place. THAT is called free enterprise.
No business is too big to fail. So when government steps in and puts taxpayer money into a bad business, then it puts the country at risk of failing.
Unfortunately, those who believe in the fallacy of socialism/communism do not have the brain power to see, understand, or comprehend that. (our currant batch of DC idiots seem to have fallen into that category)
Jared, do you have a link to some actually predictions of what would happen if we did bail them out (by that I mean predictions made by those who wanted us to bail them out regarding the positive impact of doing so). I just want to know if the only argument made fro bailing them out was the horrible result of not doing so, and if any measurable predictions were made.