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Bush decides to stick to traditional Republican free market principals and refuses to bailout Freddie Mac, Fannie Mae, AIG, and doesn't create the TARP to bailout some of the biggest banks in the United States as well as the Auto Manufacturers what ends up happening domestically and internationally?

Can America avoid a major depression? Can the world economy avoid a major depression?

Personally, I think without the bailouts to stop the panic the U.S. and world economy both collapse. By the end of 2008 credit and then international trade grinds to a halt.

What happens to the balance of power around the world?
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