ST Alpha - "Repost: I don't want to be a Chicken Little or anything, Heaven forefend, but some people think the government should do *nothing* about the economy?" (Reading a Post)

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Repost: I don't want to be a Chicken Little or anything, Heaven forefend, but some people think the government should do nothing about the economy?

Posted by nubby Feb 25 '09, 17:12

I'd imagine the scenario would be massive unemployment and homelessness and many major companies vital to the country would go under. What do people who think the economy needs "good ol' free market capitalism" think will happen in that scenario?

(I didn't get a direct answer this morning, so I pose it to the night crew.)

Responses:

They need to stop picking at it! -- nm - Qale Feb 25, 18:50
[deleted] 4
- What was the ratio in the final bill? -- nm - nubby Feb 25, 17:45 3
  - [deleted] 2
    - Hmm, I thought it was an objective measure. - nubby Feb 25, 17:53 1
      - 37/63 according to recovery.org -- nm - nubby Feb 25, 18:03
I am not on the " do nothing" camp but I think we are currently doing too much - Epiphany Feb 25, 17:23 2
- Yeah, it seems somewhat ironic that mocking those who believed that we would never have to face falling housing prices... - Dr.Vermin Feb 25, 17:42
- I agree. We are going to stabilize poorly run companies that should go under and allow them to continue running in an inefficient manner, while - jnine Feb 25, 17:34
[deleted] 11
- The question was what would happen if we did nothing. -- nm - nubby Feb 25, 17:22 10
  - Oh. Well, in that case, my answer is "I don't know." -- nm - mara Feb 25, 17:26
  - [deleted] 8
    - The banks would fail also. Savings would decline and runs on the bank would increase. - Krusty Feb 25, 17:30 5
      - badly run banks would. Canada's banks are fine. -- nm - Beaker Feb 25, 17:31 1
        
        I can't say I know how this all affecting Canada, I don't. -- nm - Krusty Feb 25, 17:37
      - So, Great Depression levels? -- nm - nubby Feb 25, 17:31 2
        
        Hard to compare, things are different all around. - Krusty Feb 25, 17:40
        
        [deleted]
    - Without a bailout, would the Big Three automakers go under? -- nm - nubby Feb 25, 17:29 1
      - unless they get some Union concessions they might as well of -- nm - Beaker Feb 25, 17:31
I stand by my answer. Government can assist citizens, entrepreneurs, and worthy business without bailing out poorly run companies. -- nm - mara Feb 25, 17:18
I'll just say this... - Dr.Vermin Feb 25, 17:16 4
- [deleted] 3
  - "same for the budget" =/ "same economic consequences" -- nm - Dr.Vermin Feb 25, 17:47 2
    - Of course, a tax cut when people are scared sh**less and the banks aren't lending isn't really getting money into the economy either. - Will Hunting Feb 25, 17:51 1
      - [shrug] Entirely possible. I'm certainly more in favor of cutting business taxes. - Dr.Vermin Feb 25, 17:56
Well, you already answered your question. - the liioulu with overdue book Feb 25, 17:14

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Repost: I don't want to be a Chicken Little or anything, Heaven forefend, but some people think the government should do *nothing* about the economy?

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Repost: I don't want to be a Chicken Little or anything, Heaven forefend, but some people think the government should do nothing about the economy?