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Argument: Advocates are fear-mongering to ram through $700b plan

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Revision as of 16:26, 16 June 2010; Lenkahabetinova (Talk | contribs)
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Supporting quotations

Allan Meltzer, former economic adviser to President Reagan and Carnegie Mellon professor of political economy. - "This is scare tactics to try to do something that’s in the private but not the public interest. It’s terrible."[1]


Daniel Mitchell. "Bailout Would Impose Needless Economic Damage". Real Clear Politics. 1 Oct. 2008 - Some politicians and government officials are making reckless charges of greater financial turmoil in the absence of a bailout. These grossly irresponsible statements may cause short-term market losses as investors try to second-guess how other investors will respond, but the assertion that the stock market's health - especially in the long run - depends on bigger government is belied by real-world evidence.

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