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Yeah, free markets can be ugly at times. But the good thing is that places like Detroit are the exception in the USA. For a more uniform equivalent of places like Detroit, you need to look at places you worship, like the former USSR and Cuba. And what even the poor in Detroit have today would stun anyone from those communist hell holes.
Capitalism isn't perfect, but it's a whole lot better than the other alternatives. That's another thing about the libs and kooks. They see ANY imperfection, anything that is wrong with anything and think that more liberal ideas, more govt, more taxes is somehow going to result in a better solution. Almost always, it does not.
The lie repeated. It was not a handout. Of the $700mil TARP money, all but about $70bil has been paid back with interest. And the govt also got major equity positions in companies like GM. They have been selling off that stock at at PROFIT. In fact, the govt will likely come close to breaking even and could have a profit overall. That is no handout.