And for tony, so I get away from politics, I'll take it from a business perspective.
I used to work for a fortune 500 company as the assistant manager of a manufacturing plant (when America still had manufacturing).
Each December, if it was a "good" (ie: year profitable) year, we'd be "encouraged" to clean out all the old obsolte crap and junk it and take the loss.
This is the same old crap that in "bad" years, we were told to keep on the books because we couldn't afford the financial hit.
What congress is saying to the banks, as I see it, is... it's going to be a good year, we (congress, not the people) are encouraging you to not manage your business but to just clean out all of your old crap and we'll take it off your hands. The companies will love it, stocks will soar, America is saved, the Feds take credit.
Oops.. the Feds spend another trillion-plus (you know the initial estimate is too low LOLOL) which runs to the deficit, which goes to the deficit, which puts pressure on the dollar and interest rates and... well..
Damn, there is no good answer here, is there?
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