the difference between what we are doing and socialism is that socialists nationalize profitable companies.
It's a tough situation, I don't think there is a palatable solution to any of this. This stems from Nixon breaking the gold standard, Clinton repealing Glass Steagall act, Bush taking it further, Congress rubber stamping etc... This mess is the product of both Dems & Repubs so pointing fingers either way is incorrect & a waste of time/effort. They are equally complicit.
No matter what is done, what is tried, what the solution is, it will be ugly and painfull for John Q Public in America. This cake was baked decades ago. The American public will pay for at least one generation to cover this mess. Chances are high that the mythical trillion being typed up on a computer at the fed will cause more inflation. This will weaken this country economically, militarily and weaken it's position in the world as a major player.
If this is not treaded carefully, we could see a wholesale depreciation of the US currency causing untold misery in the US and elsewhere.
Whatever is done, I hope it works for all of our sakes. I don't think this is a subject to play politics with. Playing politics with this is treasonous in my opinion.
Clean it up, patch it, get it so it doesn't collapse. Then find the culprits (CEO's, CFO's etc...) and strip them of their citizenship, sieze their personal assets and deport them to somalia or some other shithole. Now that would be a nice penalty and insurance so that it isn't done again.
