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It seems absurd that the government in our "free-market" economy (continue when the side splitting laughter abates) would artificially cause the value of junk cars to inflate
and push auto sales, but perhaps there is an ulterior motive:
The program raises significantly the chance of a positive third-quarter gross domestic product growth figure.
Could the government really by trying to goose the economy to make it look better than it really is? Well, this is now pretty much guaranteed to be a "W" shaped recession.
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"As Wells Fargo (WFC), Bank of America (BAC), Citigroup (C), and JPMorgan (JPM) -- the biggest holders of property in the country -- continue to bow to White House demands to keep housing inventory off the market, a legitimate sustainable recovery in housing will remain elusive."
Does that sound a "free-market" economy? This government is a JOKE!