I've been kinda noodling this for a few days now.
One of the big things between republicans and Dems has been, Republicans are "small government, let the market do it's thing" and Dems are more government regulation, etc.
So I'm curious how republicans see the huge government bail outs of our lame ass financial institutions? I mean now that I am part owner of AIG and Freddie and Fannie, doesn't that pretty sizably increase the government?
Doesn't that also kinda fly in the face of the whole, "let the market handle itself" stuff? I mean, if the company I work for makes a bad bet and we lose some deals, is the government gonna bail us out? If I buy a house in a risky neighborhood, and lose that bet, will the government bail me out?
I have no doubt AIG and Freddie and Fannie, and the others tanking would be very bad for our economy, but still. How is it ok to simply bail these businesses out?
Fire the CEO? big freakin' whoop. "I almost toppled the American Banking Sector, and only lost my over paid CEO job. SCORE" That's kinda like taking a bank robber once you've caught him, and cutting him lose without his latest heist. Yeah lesson learned.
I'm certain a Democrat would react the same way, i'm not saying otherwise, but government interferring with the market is what we're all about (according to Republicans). AIG, Freddie, Fannie, and who knows who else will follow suit, all need to suffer the repurcussions of their bad decisions. You take a risky bet, you have to be able to lose. It's called gambling, and if you're gonna gamble you have to be prepared to eat it.
This is speculation, but in the best of times, I don't AIG was cutting a check to the government, "We had a great year! tons of bets went our way. Here's a little something extra"
Mainly thinking out loud on this, but would love your opinions on it. I've very torn on whether it was in our (the populaces) best interest. yeah AIG didn't collapse, but now we're starting a new administration that's 1 trillion in the hole, for no other reason than big business needed a bail out.