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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: endless who wrote (176881)	1/13/2009 4:26:11 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

well endless, if the govt isn't going to do anything when one of these economic events occurs, then this should be universally applied. Right now the govt manages the economy with rates, corporate tax breaks etc. Every <banking> company was responsible for destroying their own business, and yet we just poured billions into banks. Every <auto> company was responsible for their corp balance sheets, and yet we just poured billions into Autos. Every <oil company> was responsible for managing their own drilling initiatives and yet the Bush admin passed a 50 billion dollar tax cut to encourage development. Every <farmer> was responsible for managing their own balance sheet and yet farm subsidies in this decade went through the roof despite the largest US deficits ever and farm prices at all time highs. So to say the jobs market is "on its own" and no responsibility of govt is hypocritical to say the LEAST. And just wrong.