Give Me Liberty Or Give Me a Bailout Part 3

Bailout type federal government plans have not worked in the past. In the 1990’s, Japan had the same problem that the United States is going through now. Paul Krugman of MIT wrote this about Japan’s economic bailout,
The Japanese bank bailout is supposedly the key to the recovery of Japan's economy, which is supposedly the key to recovery in Asia; optimism sparked by that bailout has fueled a definite improvement in the mood in the whole region. Yet a simple example suggests that the rescue program is likely to end in farce, as banks decline to be rescued; and that if somehow the Japanese government finds the will to force the banks to take money anyway, it will actually be counterproductive (web.mit.edu).
Japan’s bailout was counterproductive. In fact, Japan’s economy is still trying to recover and pay off the debt that they accumulated during that time. President Franklin D. Roosevelt (FDR) during his terms, instituted the “New Deal” to improve the economic situation of the Great Depression. Some of FDR’s new programs included, “Social Security, heavier taxes on the wealthy, new controls over banks and public utilities, and an enormous work relief program for the unemployed” (whitehouse.gov). Most of these programs are not working, or have only raised the cost for the use of these services. A person that has worked for 20 to 30 years, and paid into Social Security (SS), can barely eat, let alone pay their bills from the SS check that they receive. FDR became President in 1933. The United States fell back into a recession in 1937. If Japan had not attacked the United States in December of 1941 and the United States had not joined in World War II, it would not have come out of the Great Depression. Government bailouts have not worked in the past. Why would they work today?
Putting the bailout gum on the leaking economic dam will only coverup the problem, allowing it to become even worse than before. The United States’ founding fathers, human nature, and history show that letting the government bailout companies will not work, but they will also allow the government to have more control, which will lead to a more socialist economy. The people of the United States should not sit back and let the current governmental leaders turn the United States into a liberty restricted, socialist country.