For the Sake of Science

• The Obama Administration has put in some excellent policies, including age restrictions on credit cards and cutting out the middle man in loans (this second one brings some amusement with it: conservatives claim to hate the government interfering with the private sector, but they don’t seem to realize that the only reason this part of the private sector could thrive was because of government backing. They should approve of this move – except they blindly hate Obama).
• The second bailout was the right move. It prevented a collapse of the credit markets from the Bush recession.
• Many of the businesses that got bailouts are paying back that money.
• McCain would have just followed the Republicans (as has been his thing over the past few purely political, dishonest years of his life) and slashed social programs all over the place; people would lose homes, only making things worse.
• Tax cuts alone don’t create jobs. They do, however, increase debt.

Filed under: Politics and Social | Tagged: Bailout, Bush Recession, Facts, Obama, Tax Cuts | 8 Comments »