However, the bill is also trying to dilute the Fed's power...and I don't like that at all. The Federal Reserve should remain the way it is for the most part; I shutter at the thought of Congress trying to micromanage monetary policy. I have much more confidence in independent technocrats, than I do in partisan hacks in Congress who don't even know what a demand curve is.
Last edited by Kandahar; 12-17-09 at 12:01 AM.
Are you coming to bed?
I can't. This is important.
Someone is WRONG on the internet! -XKCD
I refuse to accept the view that mankind is so tragically bound to the starless midnight of racism and war that the bright daybreak of peace and brotherhood can never become a reality. - MLK
⚧ C.T.L.W. You figure it out
My Endo doc went over my blood work. "I see your estrogen level is now at 315, do you feel like you have too much Estrogen now?"
I told her "... N... N.. No..." and started crying.
How was the government responsible for Adjustable Rate Mortgages? Or subprime lending?
The Makeout Hobo is real, and does indeed travel around the country in his van and make out with ladies... If you meet the Makeout Hobo, it is customary to greet him with a shot of whiskey and a high five (if you are a dude) or passionate makeouts (if you are a lady).
One possible scenario is that a bigger, more competent company would just buy them up. And if not, eventually more jobs would rise up to replace the old ones (and it's not like the same people are always unemployed at the same time, so I'm not saying that the specific people who worked in Detroid would have to wait for said new jobs). Both of those options are better, in my mind, than rewarding incompetence. Why was nobody calling for a bailout of Enron? Lots of people lost their jobs over that.
Also, I'm not sure how anyone can defend what happened to GM. That the Federal government nationalized a freaking car company sets a horrible precedent. Nor am I sure how anyone can defend the initial bailout, which was voted down by Congress and which most people were against.