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This doesn't make any sense. The F-35 program has no similarities to quantitative easing. First of all, I'm not sure how you even got the idea that Lockheed is
by Aunche 8y ago
This doesn't make any sense. The F-35 program has no similarities to quantitative easing. First of all, I'm not sure how you even got the idea that Lockheed is too big to fail or that the F-35 program is supposed to be an economic stimulus. Second of all, quantitative easing doesn't cost the taxpayers any money, let alone hundreds of billions of dollars.
Most importantly, the quantitative easing arguably prevented the next Great Depression, so how's that for benefiting main street businesses and households? The economy is built on debt, which is a good thing because that means cash ends up with people who are spending it instead of sitting idly. If banks deem it too risky to lend out money, the world's economy would grind to a halt.
- tabtab 8y agoIndeed. The Federal Reserve stated that they'd rather see law-makers act to produce a sufficient stimulus to prevent 1930's 2.0, but since they didn't, QE was Plan B. Our culture-war-obsessed Congress is dysfunctional. We are lucky we didn't (entirely) repeat the 1930's.