Also, it allows Obama to avoid being labeled as a socialist. Other than that, it sounds stupid.
Jim Devine wrote:
The only difference from standard borrowing is that if the program is really successful, as I understand it, the lenders get a return above the guaranteed one.
-- Michael Perelman Economics Department California State University Chico, CA 95929 530 898 5321 fax 530 898 5901 http://michaelperelman.wordpress.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
