$100 Million for Haiti Seems Very Small After Our Country's Recent Experiences

Now we are faced with a very real human tragedy (as opposed to a financial one) just beyond our borders affecting 3 million. Is our response adequate when compared to our response last year?

Last year, our government spent over a billion dollars between the Troubled Asset Relief Program (TARP), the Term Asset-Backed Securities Loan Facility (TALF), and multiple other government intervention programs.  Regardless of what Obama and the banking world wants you to believe, most of that money isn't coming back, and inured to the benefit of a small handful of people.  In short, our government opened its coffers and acted in a way that will ultimately lead to massive inflation and destroy the wealth that our country created in the past, assuring that future generations will not live the same standard of living that we have experienced in the last three decades.  

Then, now we are faced with a very real human tragedy (as opposed to a financial one) just beyond our borders affecting 3 million fellow citizens.   Obama and Clinton had the opportunity to open the printing presses once again, but this time to respond to a very real human tragedy.  And, when push came to shove, they couldn't even open it more than a fraction of what they opened it to bail out their buddies on Wall Street.

Aron Livrone
Aron Livrone: Aron is a 2008 Wharton MBA with a consulting background prior to moving from Sweden to the US to begin his MBA.

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Comments

  • JB

    January 17, 2010

    We seem to be mobilizing an appropriate response. Money doesn't grow on trees (even though the Democrats seem to think to the contrary).

  • George Eddy

    January 17, 2010

    You are kidding! It was Bush and the Republicans who bankrupted us when the Goldman guy funneled the entire country to Goldman through AIG after the Lehman failure, and if they were still in power we would be completely ignoring Haiti.

  • TBill

    January 18, 2010

    I think the American people are responding appropriately. Let each individual determine how much they want to spend. I personally have donated money and hope others do the same.

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