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do you think the FED will do QE3 sometime this year?
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<p>[QUOTE="fatima, post: 1409821, member: 22143"]The government saved General Motors and Chrysler, not the auto industry. Ford, Hyundai, VW, Toyota, Honda, Mercedes, BMW, Honda, etc got no subsidies though they do benefit greatly from 0% money. </p><p><br /></p><p>Take that huge amount of money used to save GM & Chrysler and give it back to the people and IMO, a lot more jobs would have been created. The US government is simply repeating the exact same mistakes with the exact same arguments the UK used when it nationalized its automobile industry in the 1970s via British Leyland. How did that end up? The Germans own Bentley & Rolls Royce, the Indians own Jag & Land Rover, Austin is a Chinese brand, and the rest? Who cares. The British taxpayer got rooked out of generational amounts of money and still suffer from very high taxation.</p><p><br /></p><p>I dont believe in socialism and central planning of the economy. The economic demise of the 20th century's other superpower, the Soviet Union, is example enough of that. All the rhetoric about it's benefits never pass scrutiny. However the following, which I copied from another website I participate in, are proven again and again.</p><p><br /></p><p>----------------------------</p><p><br /></p><p>These are possibly the 5 best sentences you'll ever read and all applicable to this experiment:</p><ol> <li>You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.</li> <li>What one person receives without working for, another person must work for without receiving.</li> <li>The government cannot give to anybody anything that the government does not first take from somebody else.</li> <li>You cannot multiply wealth by dividing it!</li> <li>When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that is the beginning of the end of any nation.</li> </ol><p><br /></p><p>-----------------------------------------[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1409821, member: 22143"]The government saved General Motors and Chrysler, not the auto industry. Ford, Hyundai, VW, Toyota, Honda, Mercedes, BMW, Honda, etc got no subsidies though they do benefit greatly from 0% money. Take that huge amount of money used to save GM & Chrysler and give it back to the people and IMO, a lot more jobs would have been created. The US government is simply repeating the exact same mistakes with the exact same arguments the UK used when it nationalized its automobile industry in the 1970s via British Leyland. How did that end up? The Germans own Bentley & Rolls Royce, the Indians own Jag & Land Rover, Austin is a Chinese brand, and the rest? Who cares. The British taxpayer got rooked out of generational amounts of money and still suffer from very high taxation. I dont believe in socialism and central planning of the economy. The economic demise of the 20th century's other superpower, the Soviet Union, is example enough of that. All the rhetoric about it's benefits never pass scrutiny. However the following, which I copied from another website I participate in, are proven again and again. ---------------------------- These are possibly the 5 best sentences you'll ever read and all applicable to this experiment: [list=1][*]You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity. [*]What one person receives without working for, another person must work for without receiving. [*]The government cannot give to anybody anything that the government does not first take from somebody else. [*]You cannot multiply wealth by dividing it! [*]When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that is the beginning of the end of any nation. [/list] -----------------------------------------[/QUOTE]
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do you think the FED will do QE3 sometime this year?
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