Started By
Message
locked post

Reality

Posted on 11/19/08 at 9:32 pm
Posted by LSUtigerfan333
Baton Rouge
Member since Jun 2004
964 posts
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 by footballislife
Member since Mar 2007
3907 posts
Posted on 11/19/08 at 9:42 pm to
Lots of folks posting here believe that.
Posted by clamdip
Rocky Mountain High
Member since Sep 2004
18006 posts
Posted on 11/19/08 at 11:44 pm to

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 by Weaver
Madisonville, LA
Member since Nov 2005
27750 posts
Posted on 11/20/08 at 12:57 pm to
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 by SnowMan77
Baton Rouge, La
Member since Oct 2008
2242 posts
Posted on 11/20/08 at 2:03 pm to
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 by boobie
Celine rules...FWIW
Member since Oct 2008
661 posts
Posted on 11/20/08 at 2:27 pm to
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
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram