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The Water Cooler
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In all honesty this breaks my heart ...
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<blockquote data-quote="_CY_" data-source="post: 1292080" data-attributes="member: 7629"><p>in full agreement.... stimulus has taken a life of it's own and way past needed. the initial bailout was sorely needed... but most of the BS spending was not. </p><p></p><p>if you count $$$ spent vs getting back.....not all, but most of the initial bailout funds have been repaid back with interest. </p><p></p><p>once politics gets involved in spending $$$$ ... it's hard to wean off. </p><p>we are seeing effects of hard hard it is for the housing market to adjust to no $10k bribe to buy a house. talk about distorting the market. </p><p></p><p>most of the stimulus $$$ have helped the very rich and powerful. who have not passed on benefits of stimulus $$$ received. </p><p></p><p>it's not the govn's job to provide jobs! that's what businesses are for ... a healthy environment creates jobs. once businesses learn to feed off free $$$ from the government. it's that much harder to stand on your own merits. </p><p></p><p>a major part of the problem was created by allowing HUGE corporates to combine into effective monopolies. Those are the firms that were deemed too big to fail and got the bailouts. </p><p></p><p>break em back up... would go a long ways in bringing back compitition and lots of new jobs. mergers means mandatory job loss to save $$$ and higher prices for consumers.</p></blockquote><p></p>
[QUOTE="_CY_, post: 1292080, member: 7629"] in full agreement.... stimulus has taken a life of it's own and way past needed. the initial bailout was sorely needed... but most of the BS spending was not. if you count $$$ spent vs getting back.....not all, but most of the initial bailout funds have been repaid back with interest. once politics gets involved in spending $$$$ ... it's hard to wean off. we are seeing effects of hard hard it is for the housing market to adjust to no $10k bribe to buy a house. talk about distorting the market. most of the stimulus $$$ have helped the very rich and powerful. who have not passed on benefits of stimulus $$$ received. it's not the govn's job to provide jobs! that's what businesses are for ... a healthy environment creates jobs. once businesses learn to feed off free $$$ from the government. it's that much harder to stand on your own merits. a major part of the problem was created by allowing HUGE corporates to combine into effective monopolies. Those are the firms that were deemed too big to fail and got the bailouts. break em back up... would go a long ways in bringing back compitition and lots of new jobs. mergers means mandatory job loss to save $$$ and higher prices for consumers. [/QUOTE]
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