On Sat, Aug 28, 2010 at 3:51 PM, Judah McAuley <[email protected]> wrote:
>

> You seem to be more interested in trying to "punish" government
> somehow. Fine but not useful.

Not punish, constrain.

> Many people in Congress and the White House have ideas on fostering
> private sector job creation. They seem unwilling to take the risks,
> however, because people like you are going to piss and moan about
> anything the government tries to do. The bolder the suggestion, the
> bigger the blowback.

The Bush-led TARP saved the economy from the abyss. The stimulus spent
$800 billion primarily to forestall layoffs among unionized government
employees, and has done little to help the private sector. Banks are
not lending. Profits are up but CEOs are reluctant to ramp up hiring.
Skittish investors are holding money in cash and bonds. Consumers are
still unwinding debt and increasing savings. And the housing market
has stalled thanks to the end of the short-sighted $8,000 tax credit.
Unemployment is still hovering near 10%. The Democrats had their shot
and they blew it.

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