BearMtnHIB wrote: Oh- the "it's bush's fault" line.
He's been gone 3 years now LJ!
Guess your not going to answer the question without blaming it on history- what about since 2008? HUH?
Am I the ONLY person
that sees the maco perspective of this issue? OMG.......the pending DEPRESSION back then was in the works for a very long period of time. It was on NO ONE"S radar until AIG hit the ground and smashed into dust. It took a VERY long time for this fubar to manifest and it
will take a VERY long time for it to resolve......NOT going to happen in 3 years. Pull back and see the long view of this from a historical
standpoint in time......JMO (my way of saying the PARTISAN position is a problem here.)
If you look at historic US recessions and depression bouncebacks, it usually doesn't take very long to get back on track. (excepting FDR's fumble of the Great Depression.) About 3 years usually. So we will see if we do finally get a bounce back, or if the Obama presidency will be the start of the long term decline of America.
Thomas Sowell: There are no solutions, just trade-offs.
The partisan problem stems from a basic difference in approaches to the current problem. Some think that the government needs to become very active and involved in the market to 'fix' things and get them back on track. Others think that the government needs to step out of the way because it is part of what caused the problems in the first place.
There's not much of a compromise between those two opinions. One's gonna win, one's gonna loose. Either the government is gonna become even more active, or it's going to back off.
All this talk of compromise is a load of hooey. In a tug of war, one team is going to get pulled into the mud.
Both sides are adamant that they're correct. Both sides look like freakin idiots when they belittle the other side for not compromising, when they know damn good and well what the other side really has to do is abandon their stance completely.
Quit bitching about compromise when it's obvious that there can't be any.
"Whatever you are, be a good one." ~ Abraham Lincoln
Both sides are adamant that they're correct. Both sides look like freakin idiots when they belittle the other side for not compromising, when they know damn good and well what the other side really has to do is abandon their stance completely.
That's right- those who support limited government have to win- we have to. I contend that the recession we are in would have lasted less than a year and would have been over and done with by the end of 2009 had government just let the market work through it. We see the results of government intervention - it looks ugly and it has our economy near total collapse. My evidence that the recession would have been over can be seen in the booming economies of India Pacific rim and South America. Their recession lasted about 1 year without government intervention.