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Do you think there should be a bailout?posted by dennisn on September 30th, 2008 at 9:25PM
Just to make sure we're on the same page. Poll: Do you think there should be a bailout?No (1/3) 33% Yes (2/3) 67% (The title of your last reply gets polled.)
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Yesposted by Driusan on October 1st, 2008 at 5:58PM
It's completely wrong philosophically and is very unpopular, but absolutely necessary to ensure enough further damage down the road to bring upon the collapse of the american empire.
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posted by rick on October 2nd, 2008 at 2:23AM
If you're looking for a catalyst to a revolution, wouldn't a complete and utter collapse of the economy serve that purpose as well?
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posted by Driusan on October 2nd, 2008 at 10:56PM
Yes. I guess I wasn't clear.
I think the bailout will ensure that the economy recovers for a bit in the short term, but there's a depression or outright collapse in the long term. The obvious alternative (no bailout) would mean that there's a recession in the short term, but people learn and the market eventually corrects itself in the long term.
Therefore, I support the bailout in order to have it act as a catalyst.
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posted by dennisn on October 1st, 2008 at 11:46PM
Why do you want to force such a dramatic and violent revolution?(--even though a revolution is far from guaranteed. It could just as easily, if not more easily, revert back to the same old injustice.) And how can you accept enslaving millions of people in the process. In the unlikely event that freedom should be at the end of your proposed violent tunnel, would history look back upon you as a promoter of freedom, or sadism?
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yesposted by rick on October 1st, 2008 at 4:25PM
It's completely wrong philosophically and is very unpopular, but absolutely necessary to prevent an economic collapse.
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posted by dennisn on October 1st, 2008 at 8:15PM
Sigh. Do you not like individual liberty? Don't you respect the "right to one's own life"? How can you possibly promote the violation of other people's liberties for OTHER people's mistakes?
There is NO justification for such a violation of our most fundamental social contract!!
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posted by rick on October 2nd, 2008 at 2:21AM
I already said that I disagree with it on a philosophical level. It's absurd that the bailout will, at least initially, benefit the financial institutions that created this mess, rather than going to the individuals who will suffer the consequences the most.
But I think the spiralling effect of the collapse of those financial institutions is a greater evil that needs to be addressed.
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by rick on October 3rd, 2008 at 5:12PM.
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NOposted by dennisn on September 30th, 2008 at 9:25PM
Get government the fuck out of our pockets. (And, by inference, out of the god damned economy.)
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