Quote:
Originally Posted by FuglyStick
And yet, the money is moving again, and the economy is showing tentative signs of recovery. None of which had anything to do with the Obama Administration, though.
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I've worked thru something like five recessions, back to 1974. I don't recall any of those recessions requiring a bailout like this, and the economy recovered from each one of them. With or without any bailouts, this recession will end as well. Eventually, as a consumer, I will need to buy a new car, a new refrigerator, new TV, etc, all in due time.
In the meantime, the taxpayer is stuck with at least a $1.5 trillion dollar bill for government meddling and what the government thinks will result in an economic recovery. So we end up with a government that is wasting money on things like this and not thinking about what happens after the phony incentives end.