Wednesday, September 24, 2008

Dems seek to slash bailout

Probably irrelevant at this point. While any reduction in the size of the bailout will (negatively) affect the markets short-term, the long term result would probably be the same anyway. The proper course of action would be a significant increase in government spending to inject demand into the economy. That would boost employment, output and demand for credit. None of this is being considered, however. We are in trouble.

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