Hits 11 year high (despite HUGE government programs). Not
surprising since most of the money spent has gone to Investment
Banks (Just Like Here with Wall Street). It would have been
much better to REBATE money to ALL HOUSEHOLDS and have a trickle up
approach. Instead, we see bankers benefiting at the expense
of main street. Just my little rant about all this Keynesian
Economics which is leading to HUGE deficits and very little benefit
to the ordinary citizens.
Trickle up???? Is there even such a thing? If the
money used to bail out AIG and the banks was used to pay off "every
single American that pays taxes and holds a mortgage", the economy
would be through the roof with all of the disposable income that
would become available.
That would be socialists though but money given to all those
corporations that screwed up is........
They gave the money to the Big Banks that send most of their
money overseas. They should have liquefied the
small, local banks that lend their money locally. This would
have helped the credit freeze that is currently occurring.
IMHO.
Posted by oldtrader on 8th of Jan 2010 at 09:33 am
Yep better off to let them all fail, and suspend income taxes
for a year. Cut the size of goverment (all goverments state and
local) by 50 percent and eliminate the death tax.
It would of been painfull but better to take it then and what is
going to happen to this country in the years ahead
Euro Zone Unemployment and US (both problematic)
Posted by steve on 8th of Jan 2010 at 09:07 am
Hits 11 year high (despite HUGE government programs). Not surprising since most of the money spent has gone to Investment Banks (Just Like Here with Wall Street). It would have been much better to REBATE money to ALL HOUSEHOLDS and have a trickle up approach. Instead, we see bankers benefiting at the expense of main street. Just my little rant about all this Keynesian Economics which is leading to HUGE deficits and very little benefit to the ordinary citizens.
Trickle up???? Is there even
Posted by asantana on 8th of Jan 2010 at 09:41 am
Trickle up???? Is there even such a thing? If the money used to bail out AIG and the banks was used to pay off "every single American that pays taxes and holds a mortgage", the economy would be through the roof with all of the disposable income that would become available.
That would be socialists though but money given to all those corporations that screwed up is........
Wrong Banks
Posted by oops1e on 8th of Jan 2010 at 09:35 am
They gave the money to the Big Banks that send most of their money overseas. They should have liquefied the small, local banks that lend their money locally. This would have helped the credit freeze that is currently occurring. IMHO.
Banks
Posted by oldtrader on 8th of Jan 2010 at 09:33 am
Yep better off to let them all fail, and suspend income taxes for a year. Cut the size of goverment (all goverments state and local) by 50 percent and eliminate the death tax.
It would of been painfull but better to take it then and what is going to happen to this country in the years ahead
You have my vote!
Posted by pthoreson on 8th of Jan 2010 at 09:30 am
You have my vote!