Comments on: Filibuster Forthcoming? http://trustreagan.com/2008/12/09/filibuster-forthcoming/ Sun, 17 Apr 2011 18:07:38 +0000 hourly 1 http://wordpress.com/ By: russellkirkcon http://trustreagan.com/2008/12/09/filibuster-forthcoming/#comment-1051 Wed, 10 Dec 2008 15:03:23 +0000 http://trustbutverify.wordpress.com/?p=1556#comment-1051 Financial markets are the grease that lubricates the economy. If financial markets lock up and there is no liquidity of funds for businesses to tap to conduct normal activities there will be serious impacts throughout the entire economy. For example, look at the factory in Chicago that is in the news because they abruptly shut their doors when BofA pulled their financing. This was a major problem in the Great Depression. I don’t like bailing them out, but I understand the necessity.
The auto companies on the other hand do not hold that kind of a place in the economy. And we need to draw the line somewhere or every poorly managed business, state, and city in the country will be lined up for handouts and the feds will be running everything. They will not hand out this kind of money without lots of strings. And the longer term consequences on the national economy of all this is likely to be very negative. Where are these trillions of dollars coming from? I shudder to contemplate. Better to suffer some pain now rather than much worse problems in a few years.

]]> By: smartandfemale http://trustreagan.com/2008/12/09/filibuster-forthcoming/#comment-1047 Wed, 10 Dec 2008 00:27:34 +0000 http://trustbutverify.wordpress.com/?p=1556#comment-1047 I guess my real question to them is…how do you bail out Wall Street? No stipulations. No set amount. And then come back and give the Big Three such a hard time?

Now I’m not saying I think the Wall Street bailout was handled well at all…and I’m not saying just fork over the $$ for the Big Three.

What I am saying is why the double standard?!? Why are we so hesitant to save blue collar jobs, but insurance and financial execs get a free pass?

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