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
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 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 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
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
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
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