So it's governments place to invest tax dollars in maybe's, damn all this time I thought is was private investors.
GM should never been bailed out by the government they should have gone through the courts and come out clean and lean. Billions went to GM and that money will never be recovered.
jonhatfield wrote:
Well, I'm not exactly lib but since there are few who post that don't belong to the extreme right wing, I'll answer your question as a somewhat conservative Dem. I don't regard money spent on wars as wasted or budget busting. I do believe we should have funded the Iraq venture with increased tax on wealthy but considered the venture worth the effort to try to create a representative government in the middle of the Middle East even if only partially successful. Stimulus is necessary in recessions--massive stimulus in major recessions. Preferably stimulus would be in the form of investment in infrastructure. Theoretically green energy subsidies are investment...I understand much didn't work out economically yet. Bailouts? Not nice but collapse would be worse. Cut that some slack, you naysayers. Because of stalemate and debt story lines, stimulus to get out of the "Great Recession" has taken the form of Federal Reserve monetary measures of low interest rates. Investment in high speed rail, repair of bridges & highways, tech structure, power grid structure, etc. would have been better and quicker and substantive, but just wasn't workable politically. How's that for lib? ha.
Well, I'm not exactly lib but since there are few ... (
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