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You make several good points.
Jan 07 15:45 pm
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All Comments by prudentinvestor »Obama - Stop the Bailouts, We Want to Get Off [View article]
Governments have no money, just the ability to tax productive people and corporations. So bailouts of any sort are not paid for by government, they are paid for by productive individuals and companies. The economy as a whole cannot benefit by penalizing the productive to subsidize mismanaged corporations or profligate consumers.