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Oh, I see, he was merely saying he had "Little faith in the US governments ability to successfully run GM"?
That must be why he gave the potential collapse of GM a "thumbs up" eh?
Face it, the poster was wanting GM to go belly up.
You inferred it, he never stated it that way. So by this inference you can deride half of the country as wishing the economy to collapse into ruin? I suppose, whatever it takes to prop up your ego, and continue the notion that you are the virtuous one, and anyone else is an evil, selfish, partisan hack. so you can make absurd statements like the one below:
"They ARE fringe - and they populate this board a plenty - and I suspect you'll fit right in with them just fine since they don't seem to be able to read and comprehend either."
That's a pretty sick thing to say - the repercussions to the economy will be huge...
Yeah all that cheap capital will be horrible for companies with new and better ideas. The sad truth is that if you're going to change how economies run and what people buy something things will just have to disappear as they will not be needed. Any attempt to keep dead ideas afloat just to employee people will summarily fail along with the government that tries it.
It already has stabised even without any government help. In fact if governmnet wouldn't keep spending we might actually not suffer the inflation that will follow so badly.
It already has stabised even without any government help. In fact if governmnet wouldn't keep spending we might actually not suffer the inflation that will follow so badly.
It was the government money pumped into the banks that freed up the credit markets and did the actual stabilizing.
It was the government money pumped into the banks that freed up the credit markets and did the actual stabilizing.
Ken
Bawwwww hawwwww hawwwwww, you aren't serious are you? Freed up credit for WHOM exactly and when exactly?
As of last week the biggest lament of people in Congress, the media and business people I know was that credit was not flowing even after the billions we've given them.
Check your magic 8 ball and try again...
Bawwwww hawwwww hawwwwww, you aren't serious are you? Freed up credit for WHOM exactly and when exactly?
As of last week the biggest lament of people in Congress, the media and business people I know was that credit was not flowing even after the billions we've given them.
Check your magic 8 ball and try again...
OK, point taken - what I should have said was: "It was the government money pumped into the banks that kept the banks from collapsing and did the actual stabilizing." The credit situation HAS improved, but not yet nearly enough.
It may recover but then it will fail again. The "stimulus" will cause it to fail WORSE the next time. The CBO itself predicts it.
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