All this $$$ we gave to "too big to fail" corporations - when does it start to tricke down?

Hugabear

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Wed Jun-09-10 11:21 PM
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All this $$$ we gave to "too big to fail" corporations - when does it start to tricke down?

I mean, that was the goal behind giving billions upon billions to all these corporations that were deemed "too big to fail", right? We were told that we absolutely had to prop up these corporations in order to stave off economic collapse. The money that we gave these companies was supposed to help them hire new workers, make new investments, loosen up credit, etc.

Wasn't that the whole rationale behind Reagan's "trickle-down" economic nonsense? It didn't work then, it's been thoroughly discredited, so why is it any big surprise that after giving away billions of dollars, we're still in the same mess if not worse?

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Phoebe Loosinhouse

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Wed Jun-09-10 11:22 PM
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1. Never. Sucker!

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Oregone

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Wed Jun-09-10 11:23 PM
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2. Never. Thats not what corporatism is about

Edited on Wed Jun-09-10 11:23 PM by Oregone

But if you were fooled by that, then these politicians certainly do a thing or two properly in regards to their populace and political theory

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Catshrink

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Wed Jun-09-10 11:23 PM
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3. Right when the Reagan tax cuts for the wealthy do.

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bluestateguy

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Wed Jun-09-10 11:46 PM
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4. The banks should have been ordered to lend as a condition of getting money

Ordered, as in forced, compelled, required and mandated.

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Abq_Sarah

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Thu Jun-10-10 12:08 AM
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7. And then

We'd be right back where we started.

A loan does me no good if I don't have customers to pay for our services.

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phasma ex machina

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Thu Jun-10-10 12:29 AM
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9. Perhaps a depression's inevitable, beyond anyone's control.

People go through mood swings all the time, why wouldn't their economy?

The powers-that-be keep trying to use obsolete irrelevant models (Keynesian) on a monetary system that began evolving away from gold nearly a century ago.

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amborin

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Wed Jun-09-10 11:47 PM
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5. Summers, Obama's Economic Advisor, was a Reaganomics advocate

Edited on Wed Jun-09-10 11:48 PM by amborin

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girl gone mad

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Wed Jun-09-10 11:59 PM
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6. Yes, it was supply side economic garbage..

as I pointed out to the many bailout boosters around here.

Funny, most of them just vanished not long after our treasury was plundered.

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Individualist

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Thu Jun-10-10 12:16 AM
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8. Trickle down means we get pissed on.

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Scuba

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Thu Jun-10-10 04:19 AM
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10. When hell freezes over and the devil's ice skating.

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