davet010 wrote:I can see why - after all, rampant corporate capitalism has worked so well.
True. It's only produced the most powerful economy in the world. Small potatoes, I know ...
Take care,
PK
Must be difficult with the resources of an entire continent at your disposal.
"The players come from all over the world, the money from deep underneath the Persian Gulf, but, as another, older City poster campaign put it, this is their city. They may now exist in the global spotlight, but they intend to keep it that way."
Nobody should be surprised by this...every auto industry analyst said that the first cash injection was merely the beginning of a MUCH larger feeding frenzy at the expense of us taxpayers.
A bankruptcy re-org is the only way to go from here, folks...it's inevitable.
pk500 wrote:This entire stimulus package is just a giant vote grab designed to appease a lazy, "IT'S NOT MY FAULT!" electorate and the inefficiencies of certain industries.
The dead leaves on the plant should be pruned, not covered with Miracle-Gro in hopes that somehow the Lazarus Effect will take hold.
No, it isn't. Now that monetary policy has no room to move, the fiscal stimulus is designed to keep the country from entering a deflationary spiral where people's expectations of lower prices and wages become set and as a result they keep spending and investing less and less.
Last edited by Feanor on Wed Feb 18, 2009 3:37 pm, edited 1 time in total.
"Nationalization is an option for dealing with troubled U.S. banks if they fail the U.S. Treasury's "stress test," Sen. Lindsey Graham said Wednesday.
***
Graham told Reuters the U.S. government had already spent over $40 billion to try and rescue Citigroup, but he said the bank's worth currently was estimated at about half that. Likewise some $45 billion in taxpayer dollars had been spent on the Bank of America, but its value was estimated at only $25 billion, Graham said."
"Wells Fargo & Co shares fell Wednesday to their lowest level in almost 12 years before recovering amid fears the fourth-largest U.S. bank could cut its dividend and post higher losses after its purchase of Wachovia."
pk500 wrote:This entire stimulus package is just a giant vote grab designed to appease a lazy, "IT'S NOT MY FAULT!" electorate and the inefficiencies of certain industries.
The dead leaves on the plant should be pruned, not covered with Miracle-Gro in hopes that somehow the Lazarus Effect will take hold.
No, it isn't. Now that monetary policy has no room to move, the fiscal stimulus is designed to keep the country from entering a deflationary spiral where people's expectations of lower prices and wages become set and as a result they keep spending and investing less and less.
Yep, that's exactly how it reads in the official game program. Whether it actually serves that purpose is FAR from certain.
Take care,
PK
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