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Carlos Lam

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  • Six Things Obama Could Have Done Differently [View article]
    The author basically is a Keynesian who supports more gov't spending (money which the feds have to borrow) to somehow "heal" the economy. This despite the fact that "pump priming" didn't cure the Great Depression and did nothing for Japan during its two lost decades.

    Instead of spending money that we do not have, Pres. Obama should let inefficient companies fail. Chrysler and GM were perfect examples: they should've been allowed to fail, their assets sold off, and their debt liquidated.
    Jan 28 06:01 AM | 7 Likes Like |Link to Comment
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