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Originally Posted by Guest
Sounds like your family did not contribute to the sale of a record number of automobiles where that industry was saved by the feds. Were they able to take advantage of fantastic recovery of the stock market due to record profits by private industry? I know several blue states including California have state surpluses now that the economy is booming. Sounds like your family is a minority in the recovery. That is unfortunate.
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Dear Guest: Perhaps you need to take a another look the bailout of GM penalized taxpayers, ignored creditors rights unlawfully handed over a good portion of ownership to the union and only temporarily halted the bad financial situation with GM. In fact the entire bailout of the country by Obama was wasted because it was siphoned off by his greedy friends who produced nothing .
As for the stock market the only winners are the extremely rich investors and the only reason the market was doing well was because of the Fed's policy of QE and )% interest rates. The commercial investors have been on a sugar high now addicted and facing the fact that the Fed can't continue to hold back interest rates. Worse yet if you an individual that relies on CD's money market account savings accounts it has actually cost you to have banks hold your money. Retirees who relied on interest bearing accounts have lost big time. Do yourself a favor when any agency etc produces a glowing report review it with skepticism . The economy is set to take off only if the government get the heck out of the way and stops picking winners and losers such as GM and green industries that continue to fail
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