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Author Topic: Public approval dropping  (Read 1346 times)

Offline clips

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Public approval dropping
« Reply #15 on: August 12, 2009, 08:20:01 PM »
Quote
You keep saying things could be worse... could be? How do you know, we never went down that path. Are you an economist? No. In fact most economist agree that the WORST thing that you can do is print more money... but our President was too impatient to let things work themselves out so he intervened to engineer a short term fix. It just angers me so much.



I\'m sorry but letting firms like AIG and fannie mae fail,..would\'ve been an astronomical catastrophy....they had sooo many families mortgages tied up in their mess that they would\'ve brought down the whole financial sector. Yet you still would\'ve just let these companies fold with them tied to millions of families mortgages? I don\'t have to be an economist to know that would have been a major mistake to not have done anything. It only takes basic common sense.

Nobody knows what would\'ve happened if we actually have not done anything, but the risk was too big to take. Not to mention other world markets was watching what we were doing as well and i\'m sure china was probably watching with their twirly mustache attitude hoping for our collapse.
knowledge, wisdom & understanding..these are the basic fundamentals of life

if you can\'t amaze them with brilliance, baffle them with bullsh*t....

Offline Mr. Kennedy
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Public approval dropping
« Reply #16 on: August 13, 2009, 07:29:22 PM »
Quote from: clips
I\'m sorry but letting firms like AIG and fannie mae fail,..would\'ve been an astronomical catastrophy....they had sooo many families mortgages tied up in their mess that they would\'ve brought down the whole financial sector. Yet you still would\'ve just let these companies fold with them tied to millions of families mortgages? I don\'t have to be an economist to know that would have been a major mistake to not have done anything. It only takes basic common sense.


But you\'re ok with the hundreds (perhaps even thousands) of other companies that failed.    Guess your job is only important if you work for a big company.  That\'s the message I\'m getting from you.

It was incredibly selective.

Also, I\'d like some documentation on how printing more money is a good thing.
\"In the last 12 months 100,000 private sector jobs have been lost and yet you\'ve created 30,000 public sector jobs. Prime Minister, you cannot carry on forever squeezing the productive bit of the economy in order to fund an unprecidented engorgement of the unproductive bit. You cannot spend your way out of recession or borrow your way out of debt.\" - Daniel Hannan

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Offline clips

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Public approval dropping
« Reply #17 on: August 13, 2009, 09:19:57 PM »
Quote from: Mr. Kennedy
But you\'re ok with the hundreds (perhaps even thousands) of other companies that failed.    Guess your job is only important if you work for a big company.  That\'s the message I\'m getting from you.

It was incredibly selective.

Also, I\'d like some documentation on how printing more money is a good thing.



I\'m not ok with any company folding especially small businesses, but small businesses also need these huge financial establishments to make payroll, to purchase equipment etc....obviously everybody can\'t be bailed out, but i do believe that for the reasons i mention here and above that Obama and to a lesser extent Bush, did the right thing to keep our economy afloat and stabilize it a bit.

If those big establishments weren\'t saved, it would\'ve created a huge vacuum(spel) that would\'ve engulfed alot more americans than the one\'s we have already seen reeling from this recession.
knowledge, wisdom & understanding..these are the basic fundamentals of life

if you can\'t amaze them with brilliance, baffle them with bullsh*t....

 

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