Quote:
Originally Posted by aceventura3
Why can't you folks understand the difference between failing companies (GM, Fannie Mae, Country Wide, etc.,) and companies doing well given the recession? Most of the firms on "Wall St." are going to make it through this financial crisis just fine. Washington could have let the weak and failing companies fail. Failed companies don't pay bonuses, because a bankruptcy court judge wont allow it unless all other obligations have been met.
Just admit that the folks in Washington don't know what they are doing.
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ace...there you go again.
Anyone who doesnt agree with you that corporate tax cuts and tax cuts for the wealthy are the best job stimulus or solution to the worst economic downturn in our lifetime doesnt "know what they are doing."
We tried your way....tax cuts heavily favoring the wealthy, tax incentives and breaks for corporations,de-regulation, etc...and it failed.
Believe it not, ace....there can be honest differences of opinion. Economics is not an exact science.
You dont know more than the rest of us or those in Washington.
-----Added 2/2/2009 at 07 : 04 : 54-----
Quote:
Originally Posted by JumpinJesus
Pardon my ignorance on this issue, as I haven't fully versed myself on it, but has anyone explained where this money is coming from?
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Unfortunately, the same place as the $trillion that Bush put off-budget to fund his folly in Iraq.
But IMO, there is no other option to "fix" the economy or it will continue to sink. There were other options for Iraq, most notably staying the fuck out since it posed no direct threat to the US.