Reality

Any economy needs time to contract & expand. The problem with politicians is they are so worried about their jobs & looking bad they think when the economy is naturally contracting so people can catch their breath & pay on their credit, the politicians continue to cram credit down everyone's throats. They have been so scared of the "R" word that they have overinflated the economy with so much overleveraging that it would have taken a big recession for true recovery to take place. We have a whole new dilema now. Paulsen, Bernacke, & the FDIC chairwoman have angled in the american taxpayer into programs that will not work by virtue of no one ever being able to pay the money back. This will defienitely be the death nail to the american economy. It amazes me that more people don't realize that we are now spending the last money the treasury has. Has anyone asked himself how Paulsen & Bernacke came up with $700 billion figure? That is because it is every dime this country had left in its coffers. We will have no money left to pay the interest on our debt when this money is gone. The US will no longer get any credit world wide & we will be cut off from many commodities & goods we import. This will have an incredible hyperinflationary effect & will lead to rationing.

I am not for any bailout. Survival of the fittest. If the car companies fail, someone else will buy them up and take over, just like what happened to the banks and investment firms. The golden parachutes need to stop. I don't believe paying someone when they are no longer working. Pensions should be a thing of the past. 401k are the way to go.

precisely.

anyone who thinks the economy doesn't need a natural recession to continue growth doesn't understand basic economic principles

the more the government tries to stop recession with bailouts, the more i fear for a longer and deeper recession