Profits made by payback of bailouts excuse?
While it is true that the bailouts worked and the tax payers made a profit, how the fuck does that excuse the initial behavior that caused the mess in the first place?
While we had no choice to bail out the banks and car companies, and we did make some profit in doing so, how the fuck does this excuse the behavior in the first place? The profits we did make did not go directly to the individuals fleeced by the scams, nor did the individuals who lost their homes or their jobs get back what they lost.
Not to mention that this is a bad model for ANY country to live by. Basically it amounts to advocating a ponzy scheme.
Our economy would be clearly better if the crimes committed never happened, despite the profit we made. What we have gained pales in the damage it has caused in the lagging "recovery" and the trust in our free market. The profits we made on these bailouts pail compared to the damage done.
To say the bailouts worked is to reward bad behavior. Certainly you can rob a bank or steel a priceless painting and sell it on the black market for a profit, but that does not make the initial crime moral or good long term for society.
"We are a nation of Christians and Muslims, Jews and Hindus -- and nonbelievers."Obama
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Please tell that to the developers who are building luxury apartments and homes here (Bloomington IN) like they're going out of style. Thanks.