Should the government allow businesses to go to the wall

[betpartners]

Should the US government let companies like GM, AIG, banks and other huge conglomerates go bankrupt and let the chips fall.

Is it fair that other industries do not get any help while Banks in particular are given bailouts and yet it was them that caused this crisis.

Is it time to let the natural course events play out so that what comes through the other side is a cleaner stronger economy

Can the economy really be built back up loans.

Personally i would let them go broke, but i am no economists and cannot predict the outcome of this policy, but listening to economists, politicians experts etc seems to me they dont know either.

[mojo]

Is it fair that other industries do not get any help while Banks in particular are given bailouts and yet it was them that caused this crisis.

I had seen a while back that Larry Flynt has asked for a bailout for the porn industry. Not sure he even got an answer.

I did see on the news yesterday that AIG were giving themselves huge bonuses. This is what is driving everyone mad. There should be restictions on these bailouts!

Grassley, an Iowa Republican, asked Treasury's inspector general, Eric Thorson, to look into whether Treasury officials "made any effort to forestall payments of bonuses or demanded waivers of bonuses" by American International Group Inc.

The call for an internal investigation came amid rising anger among the public and lawmakers over news that AIG spent $165 million on bonuses after taking about $180 billion in rescue money from taxpayers.

"AIG is largely funded and controlled by the U.S. government, after having incurred massive losses from ill-conceived and executed investments and transactions," Grassley said in a letter to Thorson.

"I am concerned to see taxpayer money being used to pay bonuses to employees associated with these massive problems," he added.

Inquiry sought into U.S. Treasury's role in AIG bonuses | Reuters

[Spry]

of course the govt should 'allow' businesses to fail. Ridiculous to think otherwise. Creative destruction.

A business fails and stops providing a service or product.

If there is demand for the product or service, someone else will provide it if they can make it profitable.

If GM and Ford fails then someone will fill that marketspace.

These 'bailout' funds are good ole boy politics paying off the people who helped put them in power while royally fucking the rest of us.

[affcorner]

Is the USA capitalist anymore ?

[BTF]

Let them fail....it'll hurt for a period of time, but will make other markets grow.

I agree if GM goes under, the other car companies will have to pick up the slack, which will be good for them....