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Originally Posted by Devils'Advocate
Wow. In your world artificially low interest rates and subprime mortgages were allowed due to "overregulation"?
The "lending out more money" wasn't Obama's idea. BTW - actually going into debt to pull out of a recession is actually a quite common practice... but I'm sure you will never, ever vote for Harper and the Conservatives based on their deficit spending during this recession, eh?
And you firmly believe that the market would have corrected itself? I think there are plenty of economic experts that would disagree with you. But even if you are correct, the bailouts where put in place by George W. Bush.
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Correct me if I'm wrong but, wasn't Harper's spending quite modest in comparision to the States? It seemed to be more directed as easing the pain than turning the economy. Also, I don't think Harper's government would have survived if he did any less. The pressure from the other parties was intense. Sure he could have kept to his principles but, the end result would have been a change of government and greater deficit spending.