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Message
Reality
Posted on 11/19/08 at 9:32 pm
Posted on 11/19/08 at 9:32 pm
Anyone think all the current economic problems are an adjustment that has to take place, and that cannot be avoided by a government fix?
Posted on 11/19/08 at 9:42 pm to LSUtigerfan333
Lots of folks posting here believe that.
Posted on 11/19/08 at 11:44 pm to LSUtigerfan333
I said when the bailout vote was happening that I didn't think it would help much if at all... exception being the raising of the FDIC insured limits to prevent all out panic.
That said, there are many people a lot smarter than me who think that Paulson letting Lehman Brothers go under was a very big deal. The big domino in the credit freeze.
Posted on 11/20/08 at 12:57 pm to LSUtigerfan333
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.
Posted on 11/20/08 at 2:03 pm to LSUtigerfan333
Considering the last 7 years of economic expansion was propped up by the Feds printing more money, jacking home prices up, having everyone borrow money, crooked rating agencies, high leverage ratios, etc all this was bound to happen. reality will set in and the markets will adjust. it'll be a while though because the government is still pumping money into financial institutions
This post was edited on 11/20/08 at 2:34 pm
Posted on 11/20/08 at 2:27 pm to LSUtigerfan333
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
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
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