Monday, March 30, 2009

"You never want a serious crisis to go to waste."



White House chief of staff Rahm Emanuel says that the crisis is an, "opportunity to do things that you could not do before."

Questions:
1. If this crisis is an opportunity for them do things that were previously not possible, what incentive exists for them to solve it?
2. If the solution to an economic crisis was to simply print more money and then hand it out to large financial institutions headed by politically like-minded executives, wouldn't previous administrations have done that already? ...or is printing more money the opportunity he's talking about?

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