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Originally Posted by Riot[B
]?? How is the bailout like what got us here? [/b]
The stimulus package isn't "across the board" budget increases, so I don't know why you are using that as a "for example"?
Do you agree that spending is what ends recessionary times?
I think our healthcare system is an overpriced disaster run by insurance companies and having little to nothing to do with medicine, I think sometimes receiving medical care in the US can be dangerous to the patient, and I am not that thrilled with Obama's plan.
I remember when the Dow first got over 1000, then again when it got over 5000. When it hit 5000, all anyone could talk about was how unbelievably artificially inflated it was, and how desperately it needed to fall and correct to reality.
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it's not insofar as bailouts are concerned-i'm thinking of the entire increase in spending as the reason we are where we are. we can't keep operating under deficits, and from what i've read, our horrible debt is the biggest reason our economy is in a shambles. facing future record deficits doesn't help the situation one bit, if anything it only will prolong the pain, and cause further problems down the road.
the adding towards budgets, in a time of lower tax revenue, and running ahead of cost of living increases, imo is yet another recipe for disaster. now is a time for govt to tighten up, not unilaterally increase spending.
and anyone who thinks the market has just been going thru corrections imo should agree that a stimulus package is no way to 'fix' that. you can't fix what is essentially already broken.