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So the government should have just let things take their course and no one would have an issue.
Yes. Considering the recession ended in June 2009, BEFORE any stimulus money had been dispersed, yes, should have let it run it's course. A lot of the uncertainty, anxiety in business and individuals IS because of the out of control spending and massive new entitlement program passed by the dems. The money that went to "save or create" those jobs is now over. Those jobs were given a temporary reprieve.
Do you have any idea just how bad it was in the mid-west 2 years ago, yes they could have let them fail and chances are they would never be back. The investment in the auto industry was minimal to the investment in the financial companies. The failed banks with the junk mortgages would have been purchased buy whom?
Where did all those junk mortgages go? The auto companies would have survived and if not, if they got where they were through bad business decisions, then like any business, they should have failed.
I though GW was president in 2007& 2008 when he paid out the first stimulus or do you just congress. Did he veto the stimulus bill in 2008 and let bankruptcy takes its course?
The $150 Billion stimulus? Congress controls the purse strings and yes, I was very disappointed that Bush didn't veto the democrats spending binges - and that's why the GOP LOST in 2006&2008.
They will raise the debt ceiling.
They are all too afraid of what might happen if they don't.
They do not want to be named in history books as the ones causing a sovereign default.
If we didn't have $1+ trillion more in debt from the stimulus - that would be a good thing.
But we will always have trillions to wage wars, just not for this country, to protect people from banking collapse, and everything that would have ensued. Clearly, history is better ignored than learned from... but count me out.
Of course, because of the mess made by obama and the dems, where the debt has risen from $8.5 Trillion to $14 Trillion in 4 short years, the GOP might have to make some compromises.
In his 4 years as President, Obama has done so much harm. Except for that saving the economy thing. It's such a mess when people have jobs, and homes, and are able to get credit. Oh wait, Bush did that. Or was it Obama. Your post is confusing because it's full of stuff that don't make sense.
Of course, because of the mess made by obama and the dems, where the debt has risen from $8.5 Trillion to $14 Trillion in 4 short years, the GOP might have to make some compromises.
Let me state, absent visual emphasis, it is more complicated than what you think.
Pursuant to Title 12 USC Sec. 411, only by new debt, can new "dollar bills" be authorized.
Thanks to usury, the outstanding debt requires a growing supply of "dollar bills" to service. Not only that - but Congress has borrowed MORE than it has paid in debt service - in essence paying past lenders with new lenders' "dollar bills".
Back when the banks were "bailed out", folks were wondering, rightly so, where the "new money" went. It certainly wasn't lent out, for profit.
It was desperately needed to fend off a run. Remember this fact, the accounts payable versus the actual "dollar bills" is not balanced. (See Federal Reserve M1 figures).
There's roughly 5000 'dollar bills' per person. If you have an account balance over 5000 owed to you - good luck Chuck. When the "other shoe drops" you'll be lucky to get ten cents on the dollar. (The "Smart Money" cashed out early...like big Corps that are accused of "hoarding" their cash.)
Worse, the collateral pledged as a surety on the public debt is none other than the 308 million "human resources" signed up via FICA.
This insane situation cannot be questioned, pursuant to the 14th amendment, section 4.
Frankly, there is no solution under current conditions that will avert the imminent disaster.
In his 4 years as President, Obama has done so much harm. Except for that saving the economy thing. It's such a mess when people have jobs, and homes, and are able to get credit. Oh wait, Bush did that. Or was it Obama. Your post is confusing because it's full of stuff that don't make sense.
HE"S EVIL MAN.
Well, last I looked, obama has only been president for 2 years.
There is no debating how much he has increased the debt and deficit in those two years and how much the democratically controlled congress for the last four years has engaged in ruinous fiscal policy.
No one ever said that the American public couldn't be incredibly stupid.
We found that out in 2008!
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