Barack Obama

[randolph]

Originally Posted by TracyCoxx

No, a purely capitalist system would allow a failing company or financial institution to fail. That's what bankruptcy is for. A socialist system would make them part of the government.

Conservatives are highly critical of the bailouts. Since you seem to be an expert on this issue, what do you think the consequences would if there was no bailout by the government? What would happen to the economy, jobs, medical care, education, food supply, energy supply, a place to live? What would happen to credit, loans, financing food production, construction, infrastructure?
Just wondering