Quote:
Originally Posted by JMintzer
You completely ignore the Govt's huge infusion of cash over the last two years...
More $$$ = more competition for goods and services...
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"competition for goods and services" is the capitalist American system that works so much better than Russia and China. Large numbers of companies (competitors) in ANY GIVEN industry force prices DOWN. It is MONOPOLIES and duopolies that screw up the American FREE market and drive prices UP. Are LARGE industrial FARMS as good for America as the small individual farmers? I think NOT. Is the oil and gas industries competitive enough? I think NOT. Are the Kock brothers (now just one) good for America? I think NOT. Note that they were one of the last companies to pull out of Russia. Was that patriotic or an example of monopolistic behavior?
Recessions weaken America and will create a bigger homeless situation than we have today. Many homeowners will lose jobs and their large homes with high mortgages. And the speculators will dive in like greedy vultures! We all have to keep our fingers crossed that the Fed can get us out of this dire economic situation, even though they started too late.