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Short Bio's on Founding Fathers or conservative role models
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[QUOTE]Originally posted by glassman: [QB] yes, Ray, when all the debating about whether to do the bailouts was going on? i couldn't beleive some of what i was hearing. The great depression was ALLOWED to happen. They allowed the failures to fester and spread. Allowing GM to fail would cost the country more in unemployment than the bailout did. Each unemployed GM worker would surely cost two others their jobs, those two lost jobs could (given enough time) cost 4 others and so on etc. Never mind that all of our businesses operate on revolving credit accounts today. Those accounts were in deep peril. Our food supply? I've seen relatively small farmers put half a million dollars on their credit card for fertiliser and or seed. That's a credit card, i didn't bother to ask what their land mortgage was. [/QB][/QUOTE]
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