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Originally Posted by rck0025
The bailout bill stinks, but according to The Economist (before pork) the bill costs us 6 % of GDP. Without it, they estimate a loss of at least 16% GDP. I guess time will ultimately tell.....  |
That's only if the money is put back into the economy as they home.
A similar bill was passed in Europe and gues what the banks did, they kept the money to shore up themselves. They didn't lend it.