Monday, June 01, 2009

Filing Has Potential to Lift Economy in Long Term - WSJ.com

GM files for bankruptcy and the market goes up??? Most people believe this recession is not Obama's, but Bush's (Rasmussen: 62% Say Bush, Not Obama, To Blame For Ongoing Economic Problems). I can understand why they would think that given the constant pounding from the "news" media. However, Bush did everything Obama said he should have, and now that he's in office, he wants to double down. If what Bush did is the cause, how do people think that doing it twice as much will fix this? It won't. And I promise you, I will do everything I possibly can to remind people that it may not be Obama's recession but sure is his depression. Filing Has Potential to Lift Economy in Long Term - WSJ.com: "The General Motors Corp. bankruptcy means months of shedding plants, brands, jobs and dealers just as the recession shows signs of abating. But part of the gamble is that it will prove to be better for the economy than the alternatives."

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