I am pretty furious about the U.S. economy's bailout of AIG, and the $700 billion bailout of the bad debt in the U.S.

In my opinion, that makes the U.S. government owner of business, which makes them pretty socialistic.

CNN's Mad as hell - taxpayers lash out

The U.S. free economy is supposed to be based on free enterprise without intervention from the government. Of all the businesses that have failed over the years, and the pain people have suffered because of businesses failures, the government never stepped in to help. Which is the nature of business.

Of the 1,000,000+ individuals that declared bankruptcy in the U.S. in the last year or so, the government didn't bail out those families. That's alot of pain and suffering that these bankrupt people suffered.

So.. why now? Why is the government stepping in and bailing out AIG, and then the whole bad debt economy?

Simply put, IMO, if the government doesn't step in, their whole economy will implode. Falling share prices will mean less value on balance sheets for companies to borrow against. This will mean that their loans will be called for lack of collateral and so on...

And, the point is... ???

It's a free enterprise system. It's supposed to collapse if errors are made. While I admit that the whole U.S. economy collapsing would be extremely bad, that's the way it was built, and that's the way it should be run.

I fear that the ramifications of having the government step in will be even worse. If AIG declared bankruptcy, it would have to do what every other business does when it fails. It would have to liquidate assets at a discount and then start over again. While 1 trillion dollars in assets is alot to liquidate, that's the way it should be.

I feel pretty sore as well with the U.S. government bailing out businesses.

I also believe that this move will help other countries lose ALOT of respect for the U.S. economy over the next few years. This may be even more expensive to the U.S. businesses and citizens over the years to come.

GOVERNMENTS... Stay out of businesses' business!!

Memo:
From the desk of Monty Loree

P.S.. I've held my tongue on this... This topic makes me furious.

Questions that this article talks about:
Is the U.S. economy becoming more socialistic?
Who is helping the consumers who declare bankruptcy?
What happens if the government doesn't step in?