Here are some political cartoons regarding the much debated bailout.
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12 comments:
First off, I would like to congratulate the class of 09 for doing a good job keeping this blog updated with fresh and interesting material. Now I haven't seen a political cartoon in a while, and I can certainly say the one's that I read on this blog really grinds my gears. With no real solution to our downgraded economy, what is there left for America to do? Certainly the "big 3" trying to get a chunk of the bailout isn't helping us or the fact that the upper / elite class is still trying to save itself first before the working middle and lower classes. Nothing sucks more than being at the bottom while having guys already on top trying to get to a higher, safer, place first.
I agree with you, Mr. Tao. Very good job with the blog, class of 2009. It looks splendid!
Anyways.. Going back to the blog post, I believe that these cartoons are depicting the bailout as a very negative move. Sure, it may be giving away huge amounts of money to the bank, but it is done for a reason. It is primarily done to boost our economy. According to the multiplier effect, which is one of the main components in the Keynesian economics, it is believed that the government spending will ultimately restimulate the economy. Government spending will create and keep current jobs for people, which will mean that there will be more consumer spending. I believe that there should be more political cartoons that show the positive aspects of the bailout.
Once again, good job on this blog, class of 2009!! YOU GUYS ARE THE FUTURE!!
Keynesian economics is wrong
Not to be rude or anything, but YOU'RE WRONG!
Interesting idea Mr.Kim, but I think that the political cartoons are taking a negative aspect to the bailout plan because it just seems too easy of a plan for the U.S. to solve its economic woes. And when there is a solution that seems too easy for a problem of this caliber, of course there is going to be more criticism than optimism.
Mr. Tao,
I don't understand how you could say that spending $700 billion to try to improve our current economic turmoil as "a solution too easy of a plan." The bailout was not an easy solution/plan. The $700 billion could have easily gone to other sectors such as education and etc. It was obviously not an easy decision for our government to bail out the banks.
And if our government were to leave the failing banks alone, then our economy would have probably gone to an even more devastating stage. Sure many people believe that spending $700 billion to bailout the banks was a waste of money, but I'm sure they wouldn't be saying that if there were no bailout and our economy getting even worse because of it. You should really think about how the U.S. economy would have been like if there were no bailout.
From your fellow A^2.
I feel like this bailout bill is just a way to throw money at the problem. Whether or not it is going to work, I feel that the government should make sure this never happens again and not bailout those who caused it to happen.
I like thise political cartoons. They show good arguments to the bailout.
I like the picture of the piggy bank squashing the family's house because from what I hear, the banks are getting more money, but they aren't doing anything to help the families whose houses are foreclosing.
Also makes me remember a story I heard of a bank using bailout money to throw a party for its executive members.
Maybe a few more guidelines should have been put in for the bailout...
I agree, I think the bailout should have included more guidelines because as we have been noticing the bailout has not been benefiting those who are loosing their homes instead the banks are the ones making the profit, as seen in the cartoon withe the piggy bank
I think my favorite comic is the first one because it really emphasizes how our government has failed to learn from its mistakes, and will attempt to keep throwing money at the problem when it may may the situation worse. Whether or not keysian economics is the right strategy to follow is, as you see, debatable. Too bad by the time we know the outcome it will have been too late.
The 4th cartoon is interesting in that it is referring to the financial crisis of the Big 3 car companies, GM Ford and Chrysler and how senators from automobile-manufacturing states proposed to bail them out, but the rest congress is a bit unwilling to go along with it. I found it a bit surprising that they originally planned to use portions of the $700 billion aimed to bail out Wall Street in helping out the Big 3, because these three companies, while having a huge workforce and a chunk of the automobile industry, have been slowly dying over the past 10 years. Companies like GM especially were nothing compared to what they once were. Seeing as how most of the cars we see today are from foreign based companies anyways, it doesn't seem very reasonable to save dying car companies when the nation is already preoccupied with Wall Street.
I like the cartoon with the parachute. It is true, i believe that the bailout needs to be supervised closely by a comission. We can not allow others to waste the money of the American people.
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