Jarhead
Gold Member
- Jan 11, 2010
- 20,670
- 2,378
That's what it's designed for. As you hinted at, where's the jobs? One Hung Lo in China making WalMart products is sure benefiting, or wherever those jerks outsource jobs to. Shit, I've lost track. That's what is killing the middle class - or at least a factor - outsourcing jobs to countries whose most sophisticated tool is a hoe.
I agree. Any tax payer funded loan to a company must include certain directives as it pertains to US employment. No one is forced to take the loan....but if they do? They need to follow the rules.
However, do not confuse this with a bailout.
If a company fails due to poor decision making, let them fail. If we, the people suffer the pains of them failing, we will learn from it and not allow it to happen again.
After I lost much cash (actually paper and cash) during the dot com bubble bursting....I learned....and invested wisely.....not looking for high returns....just looking for safe investments. So in 2007 and since? I felt little pain.
Again, no economic expert here, but I am reading where it's "better" to risk high returns after 2007 (today) because of the global market being vibrant - where the higher risks traditionally were. Hey, I'm meeting with my investment guy at 10 this morning, ironically, and I'll ask him what he thinks.
You may be correct....
But I like where I am at and not looking to have my money make a killing for me.
For I know that losing it WILL kill me.