http://www.nytimes.com/2008/10/12/business/12imf.html?_r=1&ref=business&oref=slogin

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Libertas inaestimabilis res est - Liberty is a thing beyond all price. | Sic Semper Tyrannis

is it any surprise they r misleading us

Not really...

:: shrugs :: What's really surprising is the fact that we are either going to get stuck with Obama or McCain, both of which have shown that they are not really interested with what is best for the United States, but what is best for their financial backers on Wall St.

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Libertas inaestimabilis res est - Liberty is a thing beyond all price. | Sic Semper Tyrannis

I think this is the first time I have seen Bush change his mind about anything. This might be the first unstupid act of his presidency.

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Grower's Bookshelf

You obviously didn't read the article, or are a socialist.

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Libertas inaestimabilis res est - Liberty is a thing beyond all price. | Sic Semper Tyrannis

Well, there are probably around 20-50 million brand new socialists in the country now -- all the people with retirement accounts, who'd lose everything and end up homeless and starving on the streets in their old age if we didn't throw our financial markets a socialistic lifeline. They've already lost so much that some of them ending up penniless and homeless is inevitable. But a little emergency socialism, a la the New Deal, can probably save quite a few million people from that fate. The free market solution would be to say, oh well, we had some crooks in the financial industry, and we'll fix that, but you tens of millions of people who lost your life's savings because of this, well, sucks to be you.

Bongulator, you sir, need to go and study your history a lot more. The new deal did not end the depression, it extended it. All those useless government programs just interfered with the markets.

Just like this "emergency" socialism has directly caused the crash, or have you been ignoring what the markets have been doing since the worthless bail out has been passed?

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Libertas inaestimabilis res est - Liberty is a thing beyond all price. | Sic Semper Tyrannis

Actually, I was listening to the financial people saying that without this bailout, the crash would have been much, much worse than it was. And the New Deal put millions of jobless people to work, and thereby fed them and their families. We can't know if it extended the Depression or not without a time machine, but would you rather be poor for twelve years, but have enough food to eat, or would you rather have no food or job at all for half that time?

My grandpa endured the Depression, and he told me, without that government intervention, he would have died, which means that my father would not have been born, which means that me and my four siblings would not have been born, which means that their seven or eight kids, and *their* kids would never have been born. The New Deal saved a lot of lives. A whole lot. If it extended the stock market decline and caused a few more fat cats to take a concrete dive, well, that's better than looking away as millions of normal folks die.

Hell, I'm proud of Bush!

He's living proof that any drooling idiot with a rich daddy can make it big in America!

Government intervention under the direction of FDR deepened a recession into a depression and extended it way beyond what was necessary. Its fact ... there were more unemployed at the start of FDR's third term than what there were at the start of his first term.

Another thought ... when government "puts people to work," they are paid from funds taken from private capital. What seems at best to be a wash, isn't, because government bureaucrats extract their brokerage fee from the proceeds.

Vi

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Liberals are people that will believe anything twice.