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Originally Posted by Outofdodge Or maybe you and the others are taking a narrow view of the situation and the macro economic risks associated with a failure to act. It was the Federal Reserve Bank's failure to act when the markets crashed that led to the great depression. Even with the subsequent actions of the Roosevelt administration it took six years and the industrial reaction to the Japanese laying waste to Pearl Harbor to climb out of it.. | I'm aware of the negative trickle down impact on the economy. I agree with you on this. When people are losing their homes they are not buying other things and it hurts everyone. I am just saying that we shouldn't bail them out with tax payer dollars.
__________________ LIBERALISM The haunting fear someone, somewhere can help themselves. " I think he (Obama) can be ready, but right now I don't think he is. The presidency is not something that lends itself to on-the-job training.." Senator Biden |