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The Watercooler
Bailout effects
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<blockquote data-quote="flutterbee" data-source="post: 198808"><p>Personally, I'm pretty damn angry over the bailout. They created the problem, let them fix it. Politicians are always saying, "The market will fix it." Well, let the market fix it.</p><p></p><p>We don't have money for education, health care, extended unemployment benefits (and unemployment is expected to continue to rise to numbers seen in the early 90's recession), yet we have $700 billion to continue the excess and greed on Wall Street.</p><p></p><p>I know that something had to be done or the economy would have crashed hard. But, there was nothing in there for the average citizen who is going to continue reeling from this downturn for some time to come. There were other alternatives. They just didn't look at them.</p><p></p><p>But, to answer your question, klmno, it's supposed to relieve the current credit crisis. It's still going to be harder to get loans than it was a year or two ago, but it's almost impossible now.</p></blockquote><p></p>
[QUOTE="flutterbee, post: 198808"] Personally, I'm pretty damn angry over the bailout. They created the problem, let them fix it. Politicians are always saying, "The market will fix it." Well, let the market fix it. We don't have money for education, health care, extended unemployment benefits (and unemployment is expected to continue to rise to numbers seen in the early 90's recession), yet we have $700 billion to continue the excess and greed on Wall Street. I know that something had to be done or the economy would have crashed hard. But, there was nothing in there for the average citizen who is going to continue reeling from this downturn for some time to come. There were other alternatives. They just didn't look at them. But, to answer your question, klmno, it's supposed to relieve the current credit crisis. It's still going to be harder to get loans than it was a year or two ago, but it's almost impossible now. [/QUOTE]
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