Comments on: Why most people don’t like the bailout http://bearingdrift.com/2008/09/26/why-most-people-dont-like-the-bailout/ Fri, 25 May 2012 13:41:30 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Joel McDonald http://bearingdrift.com/2008/09/26/why-most-people-dont-like-the-bailout/#comment-7447 Joel McDonald Fri, 26 Sep 2008 14:44:14 +0000 http://bearingdrift.com/?p=2063#comment-7447 It's a mess. People are angry, confused, and scared. This doesn't leave a lot of room for rational thought, and even we when do find the room; it's too big and complex for many of us to wrap our minds around. I've been trying to keep up with the various proposals, purposes, and consequences of such actions and non-action. We knew the economy was in a pit, spinning its tires, but this latest shake-up has me wondering how far the failure of these institutions will reach. Can we even be sure if $700 Billion will save us from what is claimed will inevitably happen if we don't move forward with some type of bailout. This kind of uncertainty has me wondering if I really am willing to accept a position with a private company. Something likely must be done. Exactly what and exactly how are beyond me. Further regulation, executive pay caps, etc. Who knows? It’s a mess. People are angry, confused, and scared. This doesn’t leave a lot of room for rational thought, and even we when do find the room; it’s too big and complex for many of us to wrap our minds around.

I’ve been trying to keep up with the various proposals, purposes, and consequences of such actions and non-action. We knew the economy was in a pit, spinning its tires, but this latest shake-up has me wondering how far the failure of these institutions will reach. Can we even be sure if $700 Billion will save us from what is claimed will inevitably happen if we don’t move forward with some type of bailout. This kind of uncertainty has me wondering if I really am willing to accept a position with a private company.

Something likely must be done. Exactly what and exactly how are beyond me. Further regulation, executive pay caps, etc. Who knows?

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