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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (112751)	4/23/2012 2:59:23 PM
From: Road Walker	Read Replies (1) \| Respond to of 149317

You are taking two separate actions, stimulus and bail outs, and combining them. The stimulus was mostly infrastructure investments and helping states to retain teachers, police, fire and other services. Where government should stay out of interfering is in choosing to bailout specific companies who are on the verge of failing due to their own mismanagement and poor risk/reward decisions. If they feel they must interfere, because of a systemic risk of Too Big Too Fail, then their actions should be exclusively focused on winding down the TBTF institution and selling off the pieces, as well as creating new laws and regulations to ensure that doesn't happen again. I suppose you oppose the GM and Chrysler bailouts? And the 100's of thousands of jobs they retained? And the ensuing benefits now being felt, mostly in the midwest? Large scale stimulus like the trillions spent on bank bailouts and zero percent interest rates that only benefit the Primary Dealer banks and hedge funds, in other words the 1%, are examples where the government is doing the country a disservice. Now throwing monetary policy into the bundle? BTW low interest rates benefit almost everyone. Buy a car lately? A house? Refinance?