WTF, when did i ever say that???
I have said many times that i would have let the banks burn, i only pointed out that it was a hell of alot better of an investment then the garbage stimulus, if you are looking at it from a jobs perspective, and how many jobs it saved, vs how much it cost the tax payers.
I have also said that its money which is alot better spent if the alternative option is giving money away to government employees, obviously the tax payers have a much higher chance of recouping money lent out to huge companies.
Somewhere you must have confused something I have said, because i have never been in favour of bailouts, i have only pointed out that if it is a choice between bailing out a company, or simply giving money away, id rather see the people with the greatest chance of paying the money back get the money.
I have said many times that i would have let the banks burn, i only pointed out that it was a hell of alot better of an investment then the garbage stimulus, if you are looking at it from a jobs perspective, and how many jobs it saved, vs how much it cost the tax payers.
I have also said that its money which is alot better spent if the alternative option is giving money away to government employees, obviously the tax payers have a much higher chance of recouping money lent out to huge companies.
Somewhere you must have confused something I have said, because i have never been in favour of bailouts, i have only pointed out that if it is a choice between bailing out a company, or simply giving money away, id rather see the people with the greatest chance of paying the money back get the money.
Quote from Ricter:
But as Max has pointed out, they have paid back the money with interest. So from an investment perspective alone it was good for us to have done this.