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December 3, 2008

6

Government Bailouts – Why a Modern-Day New Deal Won’t Work

by Bob Schwartz

From the Wall Street Journal on line … Amity Shlaes, senior fellow at the Council on Foreign Relations, explains to Dow Jones Newswires' Simon Constable why the New Deal didn't work in the 1930s and why Nobel laureate Paul Krugman is wrong to think a similar stimulus will work this time.

Why a Modern-Day New Deal Won't Work

MarketWatch – Video – Why a Modern-Day New Deal Won't Work – Why a Modern-Day New Deal Won't Work. Amity Shlaes, senior fellow at the Council on Foreign Relations, explains to Dow Jones Newswires' Simon Constable why the New Deal didn't work in the 1930s and why Nobel laureate Paul Krugman is …

The Freedom Fighter's Journal: The American Crisis: The Return Of … – The New New Deal It looks as if we are going to have to relive all of the mistakes of the 20th century, one more time—let's hope it is one last time—before we relearn the superiority of the free market and the disastrous consequences of …

New Deal with Labor for Recovery – Digital Journal: Your News Network – Similarly, in many of communities, children are trapped in antiquated school buildings that are ill-equipped for modern education. The deteriorating conditions of many public schools in Black and Latino communities coveys a message to …

Franklin Roosevelt's Court Packing Scheme: FDR's Plan to … – A divided court had invalidated crucial New Deal legislation in 1935 and 1936. Determined to save future legislation, FDR embarked on a plan to increase court membership.

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6 Comments
  1. And this is just the tip of the iceberg. When the dust finally settles, both housing prices and mortgage rates will be subsidized by the taxpayer. This, amigos, is just the next step on the glorious road to socialism. It truly does take a village.

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  2. In the long term real estate always bounces back and people should take advantage of these slow periods if they really want to get a good return on their investments

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  3. Dec 5 2008

    Real estate should always be thought of as long term investments. People who buy properties whether in San Diego or anywhere else must realize that the potential for loss is ever present.

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  4. Dec 5 2008

    Tough times in real estate may change the San Diego conventional wisdom that you can never lose in real estate.

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  5. Dec 5 2008

    I think people’s expectations of multiple digit appreciation each year in real estate are now proven to be a total fallacy.

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