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by SkyMarshal
5357 days ago
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It doesn't matter where the stimulus went, but the fact that it was needed at all to prevent (or forestall) a second Great Depression. Of course, the whole idea behind the stimulus was to keep people paying their mortgages so that the trillions of MBS's in the system wouldn't default and bankrupt the banks, pensions, and whatever else had bought them over the years. Basically, another form of bailout for the banking system. |
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