In 1792 a panic in the financial market occurred, due to land speculators. The crash has been tremendous, and bankruptcies continue to increase. Washington reported. In response, Hamilton launched a debt funded stimulus plan. It had a very generous bailout for those who bought land next to garbage dumps and he nationalized a large part of General Buggies.
Well maybe that isn't exactly what happened. Hamilton had more sense than that. He ensured people with good credit could get loans, paid off government bonds and cut back on debt owed to the government to keep money in the economy.
Amazingly it worked. Perhaps the Progressive/liberals should go back to school.
Answer by sweet-a-kins at 5:45 PM on May. 5, 2011
LOL! I was like who is General Buggies and I didn't remember the garbage dumps at all!!
Funny you should mention that SAK...TARP was a success. http://www.newsweek.com/2011/03/28/why-tarp-has-been-a-success-story.html Unlike the fiasco the Obama camp turned out.
Answer by yourspecialkid at 8:16 PM on May. 5, 2011
Answer by itsmesteph11 at 9:35 PM on May. 5, 2011
Answer by janet116 at 12:49 AM on May. 6, 2011
Answer by meriana at 9:18 AM on May. 6, 2011
Answer by UpSheRises at 9:28 AM on May. 6, 2011
Answer by yourspecialkid at 10:27 AM on May. 6, 2011
Answer by KateDinVA at 3:41 PM on May. 6, 2011
Answer by tasches at 4:39 PM on May. 6, 2011