Posted on 09/10/2010 6:25:48 PM PDT by Kaslin
“People will be second guessing this economic event for the next century.”
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I don’t know the details and probably never will but one thing I WON’T be second guessing is the FACT that it was engineered on purpose.
widely credited
Just like Obama is widely credited with being the best president ever. By the same people. It is widely credited as a success by the people who were responsible for it. In actuality, it has been prolonging the recession, and will probably make it worse. Extending the life of underperforming assets is not a good thing.
Take a hike dumbass...because I don't want to live in poverty while a bunch of Austrian idiots sit on the sidelines and think big thoughts, doesn't make me a socialist.
We're talking business loans to prevent a wider collapse, a very capitalist solution. That's what TARP was, and a large portion has been paid back.
Giving trillions to the masses to hook them on the government teat is a different matter, as is rewarding your supporters with trillions of other taxpayer's money.
Extending the life of underperforming assets is not a good thing.
Total economic collapse is not a good thing either.
TARP made economic collapse more likely. Or are you one of those people who believe the economy has turned around since Obama became president?
Individuals shouldn’t be bailed out by the government, but corporations headed by supposedly intelligent people should?
Those who do not remember their past are condemned to repeat their mistakes - George Santayana
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