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Originally Posted by scaeagles
As far as cash on hand....I attempted to find links to what I alluded to in the above, and in the 2 minutes I spent could not, so I will withdraw that for now.
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They're out there (I'm leaving for a weekend in Santa Barbara in five minutes so I don't have time to track them down) but you can find other research as well that shows that such large scale uncertainty really doesn't seem to have much impact on business decisions.
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So, no....I do not believe bigger government is the answer to coming out of economic difficulties. In fact, I believe it has made it worse.
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I don't necessarily believe that bigger government is the answer to all economic issues, however, small government is not politically viable when people are out of work. It is not politically acceptable for either party to just say "Well, there was a bubble and the economy was about 10% bigger than it was so we'll just have to sit back while it deflates but to where it should have been and then it'll start growing organically then. Yes, it sucks that unemployment will be 10-13% during that period but it really is the best way to let the economy get back on track for consistent long term growth."