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Originally Posted by spazlabz
There is no point in arguing if the stimulus had any positive effect or not. If you get a dozen people in the same room you will get a dozen different opinions. I think the stimulus saved the financial institutions, but I think without regulation... just a return to what was established after the depression, is pointless... more abuse is going to take place so nothing is solved... so in that regard, prolonging the inevitable you and dead on
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Bro, opinions are irrelevant, it's the indicators you need to look at. I'm a fiscal conservative who follows the Austrian School of Economics. I don't believe the institutions needed to be saved. We were rewarding them for their stupidity. I love the private sector and if they can get away with ripping Americans off, they should be allowed to fail as well. Instead, Wall Street gets away with ripping people off, and gets bailed out. This is not how things are supposed to work.
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True about post WWII, baby boomers grew up in a good time, but I was speaking more along the lines of my Gen (both just post baby boomer)
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We fucked up allowing Unions to take over the manufacturing industry, increasing the wages and ergo, increasing the prices.