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Yep, that was that was the beginning of what I call Capitalism 2.0, wherein markets and banks can depend on Congress and the Fed to save their ass from themselves. Not good. We should be doing that with internal controls, not taxpayer and/or printed money.The 2008 collapse has caused Wall Street to rely on the government.
The 2008 financial crisis has caused Americans to rely on government services, etc.
Hence, the federal budget deficit will be higher.
It's not 1997-2002 anymore with good times economy.
Stop.
Deficits are here to stay.