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Originally Posted by john
Anyone ever think that the war helped lead to the recession???? Billions of spending, value of the dollar dropping due to increased government spending, gas to $4 per gallon, all costs up (what doesn't require gas?), less money in businesses, less jobs, and Obama sent in to fix it all.
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What does the war have to do with banks giving loans to unqualified lenders? What does the war have to do with businesses like GM being unable to manage their own finances? They post
Now Obama is guaranteeing GM's warranties, but says the government has no interest in running GM. So... Which is it? You don't kick the CEO out the door and give him $20 million, that's the job of the board of directors. What the hell has happened to American business? Oh, that's right, the government is running it. Wait, who in Obama's administration has private sector experience? That would be no one. Obama, Chris Dodd, Geithner, Charlie Rangel, Barney Frank, Nancy Pelosi, Majority Leader Harry Reid... All are professional politicians or attorneys. Name a successful business that just listened to a group of attorneys to fix problems. Guess what? It doesn't exist. This group of people is trying to legislate equilibrium in the marketplace and it isn't going to work.
In the 1970s the government molded a standard by which Detroit would survive and it didn't work. It's considered a bailout by today's terms, so what makes anyone think it will work 30 years later? Ten years ago the big three posted a combined profit of over $16 billion dollars, today they're begging for money from the government. Let them rot.