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The Bush administration bailouts are a different matter. The people advocating them would agree with what you have said, they were just scared that having most of the banking sector fail simultaneously would ruin the economy and sink us into a second Great Depression. That argument makes sense to me, as does the argument this provides future incentive for bad behavior. That's why I really hope that we either a) restrict bank sizes, or b) restrict bank behavior more heavily in the future to prevent this from happening again.I agree with this, but propping up failing industry is not what the stimulus was. If you break the spending down by categories, most of the $ went to tax breaks, supporting state economies with things like medicaid and education, unemployment compensation and food stamps, and construction/repair projects. Honestly, I wish that we had spent a lot more on our infrastructure. Our nation has been letting its bridges, roads, trains, and sewers crumble for half a century now, and it will take about 2 trillion $ of work to repair everything, according to estimates (direct link broken, had to link an article about it) by the American Society of Civil Engineers. Only a very small part of the stimulus went to things like renewable energy projects, which is the only thing on the list I can see which might fit the description of what concerns you.Thanks for sharing the video by the way. I didn't follow everything, but it was interesting and funny.
The Bush administration bailouts are a different matter. The people advocating them would agree with what you have said, they were just scared that having most of the banking sector fail simultaneously would ruin the economy and sink us into a second Great Depression. That argument makes sense to me, as does the argument this provides future incentive for bad behavior. That's why I really hope that we either a) restrict bank sizes, or b) restrict bank behavior more heavily in the future to prevent this from happening again.
I agree with this, but propping up failing industry is not what the stimulus was. If you break the spending down by categories, most of the $ went to tax breaks, supporting state economies with things like medicaid and education, unemployment compensation and food stamps, and construction/repair projects. Honestly, I wish that we had spent a lot more on our infrastructure. Our nation has been letting its bridges, roads, trains, and sewers crumble for half a century now, and it will take about 2 trillion $ of work to repair everything, according to estimates (direct link broken, had to link an article about it) by the American Society of Civil Engineers. Only a very small part of the stimulus went to things like renewable energy projects, which is the only thing on the list I can see which might fit the description of what concerns you.
Thanks for sharing the video by the way. I didn't follow everything, but it was interesting and funny.
