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To: Tripleplay
To deny the auto industry funds defies any rational logical thought.

And then the line forms to the left for all other industries to get their bailout.

Should have never bailed out Chrysler all those years ago, it set a bad precedent.

61 posted on 11/15/2008 4:31:31 PM PST by dfwgator (I hate Illinois Marxists)
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To: dfwgator

Consider the following alternatives for the long term economic future of the US:

1) give $50 bil to GM, Ford, Chrysler
2) let venture capitalists keep $50 bil more via lower taxes to invest in whatever they think will make the most money

Who on Freerepublic will really argue that in the long term the US will get more jobs, growth and wealth creation from option 1) ?


63 posted on 11/15/2008 4:38:28 PM PST by Reverend Wright (Promise #1: public financing; Promise #2: middle class tax cut?)
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