[Dialogue] Stimulus package examined

[David Walters]

I do not understand your comment re: Circuit City, Home Depot, home builders, many others. They got in trouble when the banks stopped extending credit to them. These banks were the ones who took cash from the feds and spent on bonuses, dividends payment and buying up other banks rather than opening up credit. Circuit City etc. was further hit by the unemployed who could no longer buy their goods. All of which traces back to failed economic policies. namely deregulation  and massive tax cuts that destroyed the economy the republicans inherited from the 90s. All of which that the lower taxes, smaller government less regulation, trickle down philosophy of Ronald Reagan does not work. 

David Walters





Darrell wrote:
   In fact, to continue the metaphor, Ocala's plan is to build a fence or gate across the pool so the water will in fact get deeper on the shallow end.  The shallow end represents run down schools, dilapidated bridges, pot-holed roads, bankrupt states and cities; the deep end represents businesses that in their exuberance over-expanded (Circuit City, Home Depot, home builders, many others) and now want the government to cover up their mistakes with cash.
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