Search SEARCH

Why are people sooooo against the bailout?

I believe that the bailout is a necessary evil... unless you don't want to be able to take out a loan in the near future... or if you want the stock market to crash. Yes... there are some dumb@ss CEO's and rich people we are bailing out.... but both candidates are working to hold those companies more responsible... meanwhile.... If we didn't bail out these companies. BANKS would be affraid... Banks WOULDN'T WANT TO LEND OUT MONEY FOR ANYONE!!! Andy they would eventually Fail !!! You've seen the stock market... it thrives off of whatever is happening in the government. ex: they didn't agree on a bail out plan... stock market plundged almost 800 points in one day Ex2: Bush met with countries to adress the crisis... market shot up around 900 points. Finally... what the source of the problem is: - People not living within their own means - Government deregulation of the banks - banks making bad decisions - Housing bouble: people relying on their house as their major asset/investment GOP lisa... i'm not looking to blame individual(s) or parties.... i'm merely stating why it's necessary.

Asked By: Draft Dodger - 10/14/2008
Best Answer - Chosen by Asker
The only people who are FOR the bailout are the ones that have no understanding of basic economics, or even money really... More
Answered By: Giordano - 10/15/2008
Additional Answers (28)
Very good. I agree with you.
Answered By: Susan J - 10/14/2008
 
A rich man runs his lexus into a brick wall. The government buys him a new one. Smart move?
Answered By: ryan o - 10/14/2008
 
It's never been attempted before so it's shaky ground. I wasn't against it but I wasn't really all that informed and didn't feel I would have a say anyways.
Answered By: 100% Naytural - 10/14/2008
 
Because it further extends the size and scope of the federal governement into areas that it had no business snooping around in. In short, its the first step on the road to socialism.
Answered By: Oklahoma State Alumnus (8) - 10/14/2008
 
Because it is really a Relief Package, and the main substance was supplied by the Democrats with little help from the Republicans who created the disaster that needed this relief. So, many Republicans are against the so-called bailout, which is really a relief package... More
Answered By: D1 - 10/14/2008
 
I do want to see the stock market crash... More
Answered By: arcanum70 - 10/14/2008
 
it's very difficult for the average person to comprehend and also a lot of people don't do the research to make an informed decision.
Answered By: jhall20032003 - 10/14/2008
 
The problem for this financial crisis is boiled down to a couple of things... More
Answered By: gop_lisa - 10/14/2008
 
The majority of Europe and Asia will go throughthe *rescue plan... More
Answered By: pablo_asawa - 10/14/2008
 
BECAUSE THEIR GIVING MONEY TO THE ALREADY RICH ON THE TOP. BUT THE PEOPLE ON THE BOTTOM DONT GET SHIT. WHEN THE HOUSING MARKET CRASHED NOTHING MUCH RELAY HAPPEN BUT WHEN THE STOCK MARKET CRASHED THEY GOT BILLIONS. OBAMA 08
Answered By: blue_frto - 10/14/2008
 
People are against the bailout as it very much lets the people who caused the problem to get off the hook... More
Answered By: bundygil - 10/14/2008
 
...you are failing to see the bigger picture...what is the point of flooding the market with more liquid(bailout), if all it is going to do is kill the purchasing power of our currency...it wont matter if you are able to get a loan or not if currency keeps getting debased... More
Answered By: magico - 10/14/2008
 
I believe this should not have been a bailout to begin with. I liked the idea of the taxpayers essentially loaning the money & acting as investors, receiving money back + interest. What could have been a potentially profitable business move turned into a freebie with pork. Let the thumbs down begin!
Answered By: operasnob - 10/14/2008
 
You are correct. The bailout is necessary. Does it suck? Yes! But allowing our banks to falter at this point in time would be perfect lunacy and those who are opposed to it would feel that reality in ways impossible for them to comprehend.
Answered By: Chaz - 10/14/2008
 
Actually, the bailout was pretty bad for the economy... More
Answered By: Pacifist Warmonger - 10/14/2008
 
It is admitting that the Free Market Capitalism has failed... More
Answered By: GraphicsGnome - 10/14/2008
 
I think the people that are against it don't understand how necessary it is. I was at the mall and I saw people charging and using their credit cards. They don't understand how it works, they're probably wondering why the interest rate went up.
Answered By: Mary Alice_1979 - 10/14/2008
 
I agree with you to a point. However, I think it also sends the wrong message to banks....{Sure! Make stupid choices and lend suckers money who really can't afford it. If it fails, don't worry...we got your back!} It doesn't really teach anyone a lesson. For example, just days after the bailout those idiots at AIG took... More
Answered By: katrinagibson13 - 10/14/2008
 
A lot of the opposition to the bailout comes from people who believe the markets should be allowed to sort themselves out. Companies should be allowed to fail if they made bad choices and/or investments... More
Answered By: Justin H - 10/14/2008
 
The bail out is BS... More
Source(s):
Answered By: Lemoned - 10/14/2008
 
I haven't a clue why so many people are against the bailout now. It's what Americans asked for. I am not a huge fan of this deal, but there was no other alternative. I'd rather bail out the putzes on Wall Street than stand in a bread line.
Answered By: Dolly - 10/14/2008
 
I have already yelled at my mother about the bailout. She is in short sale for her home... she is just taking advantage of this economic crisis... they don't have to move... they can afford their house payments... they just need to quit f*cking spending their money on crap... it's called a BUDGET people... USE one... More
Answered By: actuary0424 - 10/14/2008
 
People are not happy about it because the basis of our economic system is Capitalism. And our government has just taken control of most of the banks and some of what once were private corporations. That is not capitalism, that is socialism. They are preparing the way for your Marxist Messiah Obama.
Answered By: tonks_op - 10/14/2008
 
Because it's a band-aid. You can't solve a problem with the same thing that is responsible for the problem. Which is inflation... More
Source(s):
Answered By: It's me, Barry! - 10/14/2008
 
I hope nobody is living in a dream world and thinks this bailout plan is going to work. It is only going to slow the process a little. The fall of our financial system is coming.
Answered By: natsum1978 - 10/14/2008
 
This bail-out takes us to the brink of Socialism. This country was built on our ability and freedom to succeed or fail On Our Own.We are teaching our kids that it's okay to live way beyond what we can afford cause 'good ole uncle sam' will be there to pick up the pieces for us.. The government can't afford to do this... More
Answered By: Mickie K - 10/14/2008
 
I have a lot of ideas about your question, but really, I think someone as intelligent as you seem, by your question and your qualifications of the question, you might actually benefit from watching a well made video about the American money system. Be warned a head of time, it's a very long video. So watch it in small... More
Answered By: BIGDAWG - 10/14/2008
 
Because it is a swindle... More
Answered By: Ruby - 10/15/2008
 
Sponsored results
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Jobs.Quick-com
Click. Search. Apply. Free!
www.JobDiagnosis.com
Jobs hiring near your local area. Part-time, Full-time, Work at home.
www.HiringLocally.com
Sobre 287 Trabajos en tu area. $15-87/hora - Aplica Ahora.
JobsToLatinos.com

Other Career Questions

What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
3 answers - Asked By: drop pants not bombs!.♥ - 3/2/2010
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
4 answers - Asked By: bayebd24【ツ】 - 11/21/2007
Hi ok im 19 and about to start college to do an acess course into a university. Ive been browsing through all the courses and im tottaly stuck! I thought politics but im scared ill end up with some r...
1 answers - Asked By: roseparkerly - 1/26/2009

Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.

Popular Articles

Best-Paying Work-from-Home Jobs Article Rating
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook Article Rating
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
For Employers: Post Jobs | Search Resumes | Advertise
About Monster | Work for Monster | Advertise with Us | AdChoices | Partner with Us | Investor Relations | Social Media
Terms of Use | Privacy Center | Accessibility Center | Help | Security | Contact Us | Sitemap | Mobile
©2014 Monster - All Rights Reserved U.S. Patents No. 5,832,497; 7,599,930 B1; 7,827,125 and 7,836,060 MWW - Looking for Monster Cable? - V: 2014.1.40.24-319
eTrustLogo