Rudy
03-14-2009, 09:14 PM
This article says that the bailouts are making the economy worse. It makes the analogy that the banks are the parasite, and the citizens are the host.
The real economy is:
(1) People making things or providing real, useful services
(2) People saving money
and
(3) People investing the money they saved into productive businesses which will make more things or provide needed services.
Indeed, the various bailout programs are giving huge sums to companies that make money by pushing paper around without actually producing any useful goods or services.
http://georgewashington2.blogspot.com/2009/03/why-patient-is-not-getting-better.html
The real economy is:
(1) People making things or providing real, useful services
(2) People saving money
and
(3) People investing the money they saved into productive businesses which will make more things or provide needed services.
Indeed, the various bailout programs are giving huge sums to companies that make money by pushing paper around without actually producing any useful goods or services.
http://georgewashington2.blogspot.com/2009/03/why-patient-is-not-getting-better.html