The $700bn Question? – Robert Reich, The Guardian, September 26, 2008
“Never before in the history of US capitalism has so much been asked of so many for so few.”
I think the bailout plan is a horrible idea, because taxpayers should not be asked to give so much money to bailout banks and companies that made many mistakes. How will these bankers and investors learn from these mistakes if we just give them money to cover their losses?
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7 comments:
You make some good points in your arguement, but I'd like to see more detail and maybe a longer blog. Many agree with you, but apparently the majority of Congress think it will help America. Congressman McCaul (Texas congressman) voted against the Bailout Plan. He has a good, strong argument for his side. He agrees with what I said in my article(last paragraph).
Why more detail? I made my point. I think the banks should suffer their mistakes, instead of making taxpayers pay the price.
I agree with Elizabeth. I want 2 more reasons why you think the bailout is a bad idea. The last time the gov bail out banks it was a boon to the failing economy (FDR was president). Many economists fear that without a bail out there will be severe consequences to the middle class (not banks). People will be homeless and jobless. I would like you to specify about how the banks would suffer. --Really Ms.M
Also, if we don't do something about it(if you see in my blog) we will go into another Great Depression. The Stock Market drop has also been a big part of this and this drpp(777) is bigger than the plunge in 1929!!!!
What mistakes did the banks and investors make? what do you think mccain and obama would say about what you think? also, please be more specific about who said “Never before in the history of US capitalism has so much been asked of so many for so few.” and include the quote in a paragraph instead of leaving it floating in the middle of your blog
I think the quote is OK where it is because it is sort of the Topic sentence, I think it starts the blog nicely.
The quote is from Mr. Robert Reich, who wrote the article. I felt the message of the quote was so powerful, it could stand by itself.
Please see my new post about the AIG insurance company for more reasons I think the bailout is a bad idea.
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