Seeking Alpha

Socialism cannot compete! » Comments » Single Comment |

  • Why Bailouts Are Not the Answer [View article]
    It is NOT the government's job to provide jobs, homes, or income!! It is your OWN responsibility. In America, new jobs have always come from PERSONAL INITIATIVE. Propping up industries & companies that are not profitable, or where the recent growth was phony due to unwise massive leveraging, is NOT going to yield a net positive -- they just become sinkholes. Long term, more jobs & homes are saved by letting capitalism work. That means failure must be allowed!! Those who find themselves out of work will need to retool with new skills (how is that not better, long term?), or come up with a new idea or biz of their own (again, how not better long-term?).

    We need to end this way of thinking that anyone, including government, is responsible for our needs, other than OURSELVES.


    On Dec 02 11:04 AM Lok Sang Ho wrote:

    > It is certainly correct that Americans need to keep spending within
    > their means. But the immediate concern must be to save the jobs
    > of Americans and the homes of those who have been working hard and
    > paying their mortgages honestly. Without jobs and incomes, where
    > can savings come from?
    >
    Dec 03 13:57 pm |Rating: +2 0
All Comments by Socialism cannot compete! »
Comments by Ticker
AA, AAPL, ABB, ABC, ABT, ABX, ACE, ACWI, ADBE, ADCT, ADM, ADP, ADRE, AEM, AEP, AERG, AES, AET, AFG, AFL, AGCO, AGD, AGG, AGQ, AGT, AGU, AHG, AHL, AIG, AIR, AIV, AIVAF.PK, AIZ, AKAM, AKS, ALL, ALX, AMAT, AMD, AMG, AMGN, AMKR, AMR, AMTD, AMZN, ANDE, ANR, ANV, AOB, AOC,
Socialism cannot compete!'s
Comments Stats
1032 comments
Rating: 1002 (2806 - 1804 )