Quote:
Originally Posted by IllTestYourGirls
But what people fail to realize is worse would have been better. Let it crash then rebuild not band aid it together and have a 20+ year "recession". Which is what we have now. Adding debt to pay off wall street, insurance companies and banks, inflating the money supply to the point that we will need 20%+ interest rates to stop hyper inflation, while fucking the middle class for the next 20 years. He/Bush did nothing but prolong the crash and destroy the dollar. That is not success or progress.
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Exactly. If we truly believed in capitalism, we would have let it fail and then rebuilt. Pumping money into the supply was the complete opposite of a capitalist market. Instead, the Fed dropped the interest rate to zero, banks used all that free money to invest in the stock market, instead of using it for public loans, which in turn propped up the stock market artificially, and now we will see it fall once again because our economy can't support these levels. The public, like always, will be holding the bag wondering what happened. Nothing was fixed from the previous crash, derivatives (which caused the mess in the first place) still exists. Now we have the debt which has increased tremendously, we're seeing higher commodities, and now the Euro is unstable as well.
The White House is already in full force today, "
Bumps on the Road to Recovery." lol Don't worry, it's only temporary....