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I'm not political ...

Started by The Buddha, October 30, 2008, 09:56:14 AM

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bikejunkie223

I just read an interview with an economics prof from MIT and he had an interesting idea- instead of "bailing out" banks, the government should buy stock in the top 5000 companies, but not have control - clearly nobody needs the Feds micro-managing companies. This would put money back into the economy to get people working again. All the skilled labor, and infastructure (factorys, equipment) are still here, the companies just need to turn in back on and give people jobs, and if more people are working more people spend and so it goes- he basically put it as a type of social security for the young. I know I oversimplified it but it was a pretty compelling idea the way it read. His point was that during the last depression stocks bought at $1 a share sold for over $6 a share after 20 years- and it just makes sense that if someone is going to buy up American companies on the cheap becasue the economy is in the pooper it should be our own government doing it and not China because they have a few extra billion laying around in hefty bags.

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