Stimulus Package Working Better than Expected.

[Winehole23]

In the fairly sharp depression of 1920-1921, Warren G. Harding cut taxes and gov't services massively but also insisted -- successfully -- on wage flexibility.

That would be practically unthinkable now. Non-negotiable. But it established a reliable floor for economic expansion.

[Winehole23]

Bottom line, if you don't let insolvent firms fall on their face but bail them out instead, it ain't capitalism anymore...

[Winehole23]

...it's a goddam oligarchy.

[Winehole23]

You weren't saying that when Bush was running up trillion dollar deficits during a economic expansion...

I was. Check me out on SR. My moniker was guerito.

you weren't saying the the new jobs numbers don't reflect private industry jobs when Bush was using deficit spending to keep his unregulated, mis-managed, drown-the-govt.-in-debt economy from going into recession in 2006...

And in 2001. I talked about that too.

the Bush tax cuts were a failure...they created very few private industry jobs and led to a govt subsidy for the rich and a redistribution of wealth from the poor to the rich, something that should be corrected by ending the Bush tax cuts permanently...

Unaffordable then, unaffordable now. Next....

[Winehole23]

Gawd, this wouldn't be quite so drastic w/o the Bush debt.

It would have been a uva lot easer to throw a couple of trillion at had we not run up the deficit/debt quite so much over the Bush years.

War spending had something to do with this too. That's at least another two or three trillion right there.

[EmptyMan]

[Wild Cobra]

Bottom line, if you don't let insolvent firms fall on their face but bail them out instead, it ain't capitalism anymore...

Agreed.

To say a business is "too big to fail" is awful ing scary to me.

Those people need to be shot.

[Winehole23]

Agreed.

To say a business is "too big to fail" is awful ing scary to me.

Those people need to be shot.

Just let them fail. That'd be enough, really.