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Old 11-13-2008, 12:15 PM   #10 (permalink)
megatanman
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Re: What are they doing with the $700 Billion Bailout?

Quote:
Originally Posted by Ezliving_Jim View Post
Greed grows the economy. Greed builds wealth. Free markets work.

Contrived markets and managed economies always fail.



Did you miss this part? The mortgage crisis wasn't from deregulation. Congress decided they could ignore basic economic principles and get away with making bad mortgages to people that could never afford to pay them.

Reward is necessary for capital to be put at risk. Those with the money have to be encouraged to invest their money. Reward offsets the risk. Failure must be allowed. The free market and capitalism always works.
Greed does nothing but destroy economic growth.

Do you honestly think the mortage crisis is the main reason our economy failed?

You don't think it has anything to to with free trade?

A countries wealth and strength is not based on its assets,but its ability to produce ,manufacture and service.

Look what free trade and the encouragement of has done to the unemployment rate in America?

This is why our economy is failing,If everyone was gainfully employed,how many less people would be losing their holmes,how many people would have been able to avoid foreclosure?

If you cannot see free trade as a contributing factor to our economic status,then theres nothing I can do other than call you an azzhat.

Big companies outsource jobs,receive big tax breaks,provide no means of stimulation to the economy and continue to spend their money abroad.how has this benefitted our economy?
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