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Analysis: Schwarzenegger: Federal aid request no bailout - Sacramento Politics - California Politics | Sacramento Bee (http://www.sacbee.com/arnold/story/1447487.html - broken link)
whether intentional or not, that's kind of what you've been implying.
I don't know about that.
I think the Federal Reserve might have something to say about that. The Fed is much bigger and has a a lot more power over the financial business in America than Wall Street. Who is bailing out Wall Street? The Fed is the only establishment that has that kind of power.
If Washington where to fall of the face of the earth, the country would be in chaos because we wouldn't have a national government.
Where do you think the Federal Reserve pulls money from? Their ass?
Well considering many of the large banks on Wall Street where threaten by bankruptcy, not there. Tax dollars and deficit spending would be two places that comes to minds.
The Fed is over all the banks in the United States. Wall Street is just the banks in New York. If you know anything about the history and the economy, you would know that the Government drives the economy more than any other establishment (or concentrated group of establishments) in the country, including Wall Street.
Well considering many of the large banks on Wall Street where threaten by bankruptcy, not there. Tax dollars and deficit spending would be two places that comes to minds.
The Fed is over all the banks in the United States. Wall Street is just the banks in New York. If you know anything about the history and the economy, you would know that the Government drives the economy more than any other establishment (or concentrated group of establishments) in the country, including Wall Street.
not a chance, this isn't Cuba or Venezuela, the gov if anything stifles it and helps curb it...
not a chance, this isn't Cuba or Venezuela, the gov if anything stifles it and helps curb it...
Well stimulus funding, national defense funding (as in the military), research funding, highways, roads, and education are just a few of the many many thing that the government does to drive the economy mainly by creating jobs. The National Government is the biggest employer in the country hands down and also gives more money than any other establishment to things like college scholarships and research funding. We're not a communist country, but your kidding your self if you think the government isn't a major player in the economy. We tried keeping the Government out of the economy once. It lead to the Great Depression. That's why we have the Federal Reserve in the first place.
Considering Chicago is also one of the top 5 global financial centers, it seems a lot of people underestimate Chicago's financial impact to the nation. Many people only know NYSE, but fail to realize that stock exchanges aren't the only things that impact finance.
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