those who do not see the urgency of the situation fail to recognize the mistakes that preceeded the economic decline that we call "the great depression".
the credit markets are not functioning. if they continue to not function, activity will decrease, investment will decrease, and the engine sputters.
the throwing about of "government takeovers" and "socialism" are just hilarious. beside the fannie and freddie events (which were already quasi-government entities), just what has the government taken control of?
will this $700 B bill "take over" any business? any bank?
the answer is no.
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