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The rest some I agree with, but most it is the liberal dream. I think there is a great chance of another significant down turn. Remember I work with bankers every day. Most are very cautious about commercial real estate and that coould be bigger than home foreclosures. Vacancies keep rising, lease rates are falling ... not a good sign for paying their mortgages.
We may get some lift in the economy from inventory replenishment ... but you can not get a sustained improvement until employment turns around. The consumer drives the economy.
tarp was to add liquidity to the financial sector to give people security so banks did not fail and they could have an orderly closure or consolidation. which has happened. I agreed with Tarp. I did not agree with how Obama used tarp to control compensation and bail out the auto industry, and not want to take tarp dollars back from banks that wanted to return it and created this fake "stress test" to hopefull keep more banks under his thumb. But he under estimated the power of the bank and people to keep capitalism alive and raise the necessary funds so quickly so they could pay it back. It took Goldman Sachs 48 hours to come up with another $14 billion dollars.
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