Good Policies Can Save the Economy

President Bush argued that the passage of the Treasury rescue plan was necessary to prevent the U.S. from entering a severe downturn. Yesterday, the Federal Reserve announced it will begin buying commercial paper to, in the words of Fed Chairman Ben Bernanke, help "financial firms cope with reduced access to their usual sources of funding." Full Story »

Posted by Kaizar Campwala

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Review

Paul Keene
2.1
by Paul Keene - Oct. 9, 2008

The author shows a clear use of picking only the facts (some are not facts, but assertions) that support his argument. Trickle down economics and reduced regulation do not work, as proved by the last 8 years. Suggesting that only those at the top should benefit from the bailout, as they create the jobs, is laughable at best. In addition, asking to increase immgration because they need the additional workers is an outright lie. The only reason to increase immigration is to further depress wages. The author also claims, using last quarters data, that the economy is strong and not in a recession. Unfortunately, the treasury has officially labled the US economy as already in a recession and headed for worse. As an example, we could give every adult in the US one million dollars to settle all their debts, spend only 200 billion dollars, and see an immeadiate reversal of the downturn. Unfortunately, the money would still be borrowed from China and paid back by our children, their children, and their childrens children. I agree that something needs to be done, but giving more money to those at the top is not it. Creating jobs by a new Apollo project would be the best use of the money, but then the billionaires who are now only multimillionaires would not get the bail out they are whinning so hard to get.

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