You're right about that...Bush was responsible, but not solely. I dare say that I have not heard of one single conservative that agreed with "W" on his initiation of gooberment bailouts.surprise_i'm_armed wrote:03lightningrocks:
To answer your above post about the differences between liberals and conservatives:
Although the Republican mantra about personal responsibility is well-known,
it's a heck of a way to run an airline when corporate profits belong to the corporation
and its shareholders, but gargantuan losses are socialized to the taxpaying citizens of
the country to absorb.
Who is reponsible for the losses? It's not Joe Workerbee, but Joe has to pay for the
failed risks of the corporations. The companies keep the profits when times are good,
then the same companies expect to be bailed out by DC.
Who is reponsible for this shifting of corporate loss to the citizens? Bush, Jr. started
it at the end of his term, but Obama is continuing it.
It's unsettling to see billions in taxpayer dollars given away over a weekend to corporations
whose failed bets didn't work out, while getting anything substantive done in DC doesn't
happen.
SIA
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EDIT TO ADD: As a matter of fact, the only folks I've seen in favor of the bailouts were the unions and the DC elite...Pelosi, Reid, Frank...you know, that crowd. The same folks who are currently trying to cram a massive healthcare bill down our throats.