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Links 1 through 3 of 3 by Dave O'Brien tagged economy

The IMF deal which has just being announced should be filed under fairy stories. It is economically unrealistic and would be an impossible burden on the country.

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No socialisation of losses and privatisation of gains: Whatever may need to be bailed out should be nationalised; whatever does not need a bailout should be free, small and risk-bearing. We got ourselves into the worst of capitalism and socialism. In France, in the 1980s, the Socialists took over the banks. In the US in the 2000s, the banks took over the government. This is surreal.

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“I think those fundamental … strengths of the US economy will continue going forward and I don’t think people should have any doubt about the continued fundamental strength of the American economy,” he added.

Echoing the words of Hoover just after the Market Crash of 1929. Honestly, how stupid do you have to be to believe these clowns?

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