Stimulus. Bail out. Or spending package? - Mercedes-Benz Forum

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post #1 of 2 (permalink) Old 02-06-2009, 05:55 PM Thread Starter
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Stimulus. Bail out. Or spending package?

After the banking bail out and the auto manufactory bail out which both have failed miserably do we really need another bail out?

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post #2 of 2 (permalink) Old 02-06-2009, 06:53 PM
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Originally Posted by BMW GUY View Post
After the banking bail out and the auto manufactory bail out which both have failed miserably do we really need another bail out?
The banking bill has not allowed any more major failures to date, and the worldwide financial system has moved a bit away from the collapse that was pending last fall. It has not been a complete success but it is also not a failure by any stretch. Folks can still go into a bank and be sure that their money is safe and insured. The next half of the measure will move from stabilization to easing of lending for growth.

It is too early to tell with the Auto industry. Since EVERYONE is failing right now, from Toyota to Chrysler the verdict is out as to who will be able to lean up. Not everyone will.

But to answer your question, it appears to be both Stimulus and Spending, both of which will boost the economy. Bailout, I don't see the targets for that.


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