UnderseaLcpl |
09-26-08 09:32 PM |
Quote:
Originally Posted by SUBMAN1
Quote:
Originally Posted by Blacklight
Actually, the Conservatives got me down....
...and they're holding me down and stealing my wallet.
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I agree - $700 bil worth. That is dumb! I'm tired of no effort going into lower National debt.
I guess the only plus side this time around, the gov will own a sell-able asset in the end. That is if the extremely smart Warren Buffet doesn't beat them to the punch!
-S
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Sell-able asset my a$$. If a bunch of those loans go bad, they'll be up a creek, too. That's why no-one bought Lehman Bros.
Fecking government started this crap by providing the possibility of bailouts in the event of failures, now they're making it worse by guaranteeing it with nationalization of said institutions and adding a bunch of government administrative spending on top of that:damn:
Just watch inflation and unemployment skyrocket in the next few years. That is all that will come of this. I suspect there will be a temporary respite(fueled by McCain-Palin winning the election), followed by an economic downturn as a weakening dollar and mounting debts from nationalized banks destroy consumer confidence and stunt investment in U.S. companies. The rest of the world will follow suit as they see what is happening in the U.S., and we'll bottomout until the bear-market investors bring us back up. Let's just pray there isn't a war this time.
edit- I forgot something. Worst-case scenario; the economy surges upwards with some new investment bubble fueled by government backing of more risky or stupid ventures, then we fall again when it bursts, but it costs a lot more.
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