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Mercnbeth -> RE: GOP Splits With Big Business (3/9/2009 4:35:33 PM)
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quote:
ORIGINAL: SpinnerofTales
Well, far be it from me to break a good metaphor. But the ship hasn't sunk yet. We have a big damn hole in the boat, but we have had holes before and managed to get out of it without ripping down everything and starting from scratch.
Of course, if you have some hidden idea of how to rip it all down and build it up better from scratch, by all means share it. Because, frankly, all I hear being bandied about is isolationism. a dismantling of the societal safety net and a return to the good old days of J.P Morgan and his fellow robber barons.
Pumping a Trillion dollars into it may be keeping the stern out of the water, but it's sunk just the same. I have some experience running financial institutions, and with a Trillion dollars, I think I could put a plan of action out there with a better focus than the one this Trillion of spending bought. At minimum it would have a focus and a goal that would give the investors something to discuss and say other than; "I hope it works!", "We had to do something!", and "We have not seen the worst!" Come to think of it - I've yet to see anyone from this Administration say it will work; have you? They say "we have to struggle", "we've overcome in the past"; but "It WILL work!"? Nope - I guess they have their doubts in Washington too.
You see results and project conclusions what your limited viewpoint lets you see. You define any alternative as "dismantling of safety nets", and "good old days of JP Morgan" and "robber barons". Can't help you with that condition. The Administration seems to share your "no other possible solution" too; no wonder you support it so vehemently.
Yet - still no 'plan' only following old paths, and trying to either save a sinking ship or salvage a sunk on (your pick) instead of building something else. There are PLENTY of ideas in that regard. You just have to read sources other than those who agree with your position and have an open mind. One of the things you assume is that it requires tearing down the existing structure. Why? There are viable parts of these failed entities of great value to other entities; sell them.
The path of failure and defeatism expressed by this Administration is getting tiring. No investor in their right mind, corporate or individual, would buy into the economic conditions that this Administration has created.
As amusing as it is to see the exact same people who complained about 'corporate welfare', influence and favor being bought and sold in Washington, and political mismanagement now championing those same causes being done by this Administration; I'd much prefer to not be so amused. I'd prefer something other than continuing the Bush Stimulus II costing a Trillion dollars. I prefer money going to successful people and industries to invest in creating a modern financial institution. I think, and see, that the policy of rewarding failure only generates more and disincentives any success. As great as the Titanic was, it sank; bad design, bad management, the autopsy matters little to the people who died. As bad as it was to leave the Arizona and her crew on the bottom, it was the right thing to do. The problem with your 'solution' is that even if you managed to 'Raise the Titanic' - its still an antique and even if it is raised, it doesn't have a long life-line in the modern world.
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