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View Diary: The Economics of Leviticus (59 comments)

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  •  Bank Bailout (3+ / 0-)

    When we had the Bank Bailout, I thought at the time, that we had two ways of approaching that.

    1.  The way the Government did.  Pouring money into the banks.

    2.  Providing money to the taxpayers who owed the banks, so that the taxpayers could have paid off some of their loans and the banks would have still received the same benefit of receiving the cash, but the taxpayers would have also received a benefit by paying down their loans.

    Dick Cheney said, "Pi$$ on 'em!" And, Ronald Reagan replied, "That's a Great Idea. Let's Call it 'Trickle Down Economics!"

    by NM Ray on Sun Jul 15, 2012 at 12:15:34 PM PDT

    [ Parent ]

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