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Old Sep 29, 2008 | 11:48 AM
  #79  
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Epoch
CHRISTMASTIME IN IRAQ
 
Joined: Apr 2003
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From: Bay Area
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Originally Posted by Cosmo M3
"The bailout didn't go through because it was considered unpopular with America. The average American doesn't understand that this isn't just for Wall Street. The American people are very short sighted (we don't need them, fuck those corporate assholes). They don't understand that every is interconnected. Plus with the elections coming up, they don't want anything that will piss off the people and their tax money" -Citi
That's the problem with the majority of the voters. My opinion is that it did not hold tight enough on the ideas of fiscal accountability with this plan. There needs to be tons of oversight, financial tightening of the belts (particularly things like salary and company expenses), and a economically plausible way for the government to gain some vested interest in the companies for all of the money spent (With strict guidelines as to how these vested interests can be used for the government, specifically that they can only be used to give tax cuts directly back to the people).
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