Quote:
Originally Posted by Ethersync
What you are talking about has never worked in the history of mankind. You are telling us we should trust the people that fucked everything up to successfully pull off something that has been attempted and has always failed in the past.
There is no way to avoid a Depression any longer. That is an inevitability.
This is going to fail and people will be more hurt because of it. You seem to think the US can make as much money as it wants and burying ourselves in more debt is going to fix the problem of too much debt in the system.
I am glad you feel things are under control. I hope you are right.
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Govt spending on WWII is what got the US out of the depression and Hitler was able to turn the German economy around with govt spending. Doing nothing at this point is the worse thing we can do and its why we are in this to begin with. Bush ignored the warning signs and did nothing.
Unfortunately its a little to little to late. For this bailout to be effective it needs to be at least 10x what it is, we will be in a full blown depression by late summer.