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Old 07-16-2009, 12:21 PM   #16 (permalink)
ZahZoo
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Problem is... all that money went to the wrong places IMO.

If this money had been distributed to the "people" rather than the mismanaged banking, automotive and government programs... it would have had an immediate ripple effect in both local and global economies. Quick fix but then nothing to sustain it though.

I still think reducing taxes or in some way getting money infused at a consumer level will do more to build jobs and turn things around. Throwing money at financial institutions does nothing but line deep greedy pockets that got us in this mess moreso than anything.

GM & Chrysler should have went into bankrupcy last year or whenever they bottomed out. The bailouts were ineffective other than delaying then forcing the inevitable.

Regulatory changes to banking/Wall Street still need work, but the measures taken to date to turn them around appear to be helping but we need to reel in those greedy bastards quickly.

Also think the current speculatory crap driving oil prices needs to be eliminated. I view the sharp increases in oil/gas prices was a significant trigger in the economies globally heading south.
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