Re: Re: No other option
Businesses will stop sitting on their money when the government gets less nuts.
Business will start spending money hiring when there is demand for what they sell. Period. You can cut their taxes to zero, they still won't hire if no one's buying.
This whole damn thing started in the first place with the government trying to "stimulate" the housing market, and creating GSEs to hold it up.
Can't argue with that. Although that's hardly the entire story. Wall st might have had a "little" to do with it.
A good economic rule of thumb is if you have to shove billions of government money into an economic sector to keep it alive, there may be something wrong with that sector.
I agree there too. Where I don't agree is the idea because something is wrong they should not be helped. If you guys had your way GM would not exist today. As it is, hundreds of thousands of direct jobs and countless indirect jobs have been saved and GM is almost back on its feet. Truly a success story that verifies the good sense of the GM bailout.