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09-18-2008, 11:05 PM #13OPSenior Member
McCain and the AIG crisis
Originally Posted by thcbongman
This is only a loan, which they (AIG) must pay back with interest. If the company really takes off agin, and it very well could, the taxpayers will be rewarded with profits. To let the company go down would have been a disaster.
AIG aside, 40,000 jobs in NYC alone are lost because of the economic downturn in the past few weeks. Additionally, for every job in the security industry that is ended, two or three jobs in other sectors are lost accross the country.
We're trying to avert a major depression, the beginnings of which have already has had worldwide consequences.
I did not intend to vote for Obama, but I'm afraid he's the only one smart enough to understand the situation.
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