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If you're going to compare the US to another country you need to find a country of comparable economic size, complexity. I'll make it easy for you: there isn't
by LostInTheWoods 18y ago
If you're going to compare the US to another country you need to find a country of comparable economic size, complexity. I'll make it easy for you: there isn't one.
As for the bailout being a "scam", would seem to suggest that someone is flying off to Mexico with a bucket of cash. The reality seems to be that everyone is in for some pain. Companies have gone under, people have lost their jobs, and if the government doesnt act, its going to get worst.
- chaostheory 18y agothat doesn't mean that what worked for Sweden wont work for the US. besides just in terms of common sense you don't just give someone money without being able to measure/keep track of anything along with a sizable return on investment without any oversight whatsoever, a certain someone can technically go off to Mexico with 700 billion multiple times without anyone else knowing why or when free markets self correct; if you're going to interfere with it since everyone has pain why not just bail out everyone then and not just Wall St? - hell even the auto makers need bailing out now