Comments on: What the $700 Billion Bailout Means to Small Business

By: Wendy Piersall

Wendy Piersall — Tue, 14 Oct 2008 02:56:29 +0000

I got flamed for my tongue in cheek suggestion that big oil pay for the bailout with their oil windfall profits.

Thanks for the link love!

By: James

James — Thu, 09 Oct 2008 05:09:33 +0000

If you want to understand the bailout and how it will help the economy, watch this very informative interview with Warren Buffett-

http://video.google.com/videoplay?docid=4537231419795681197

I don’t agree with Buffett on some of his political philosphy, but his economics sense is about the best in the world!

By: aikiwolfie

aikiwolfie — Wed, 08 Oct 2008 20:36:19 +0000

Didn’t the US have a budget surplus before Clinton was impeached? How did it get to $9 trillion in debt?

Anyway at this point all our governments are doing is damage control. Capitalism has always depended credit to function because you need to spend money to make money. When there’s no credit capitalist economies just stop dead. And that is what has happened. Nobody is lending so nobody can spend which means everything stagnates very quickly.

Governments shoring up banks won’t make them lend to each other. It’ll just keep them ticking over. Our modern economy can’t function properly without the banking system. So if it’s screwed, we’re all screwed.

One things for sure. We better see some banking bigwigs hung out to dry for this. They caused this mess we’re fixing. They were in charge of the institutions spending our money.

By: Mike

Mike — Mon, 06 Oct 2008 21:10:09 +0000

Bingo John. However, they did give money to American taxpayers (well, kind of), in their first round of multi-billion dollar “stimulus” packages, but it didn’t work. Neither will this one. When you want to get out of a hole, the first thing to do is stop digging, but what do we get? A $700 billion bailout from a government $9 trillion in debt. Makes perfect sense to me.

The Keynesian blunders of the last century are finally catching up with us. It’s going to be bad for everyone, and small businesses (getting smaller by the day) will be no exception.

By: John Maszka

John Maszka — Mon, 06 Oct 2008 20:29:20 +0000

This bailout is just one more example of the indivisible handjob stroking irresponsible CEOs and CFOs with billions so that they can run the American economy even further into the ground. So much for Keynesian economics. If the goal is to stimulate the economy, why not give the money directly to the American taxpayers? We could do twice as much good for the economy by giving half as much money directly to hardworking American taxpayers. A bird in the hand is worth two in the bush administration.