I'm still of an opinion that this recession would have been relatively short (a couple years) and very hard if they didn't bail any organizations out. With the bailouts we're subsidizing organizations that need to fail, propping up housing prices that need to go down, and punishing savers in favor of the over-extended. This will likely be long and hard. I often wonder about the lessons we "learn" from history, was world war really the only way out of the Great Depression? Consider as well the re-writing that has been done in the meantime. Merc is hardly the first person to create and disseminate false history.
As presently constructed, the GOP is the party of business subsidy and the Dems are the party of individual subsidy. Neither is a party favoring responsibilty. At this point, I figure the best option is to go to work every day do my job and hope that Obama can find a middle way that doesn't create incentives for further nonsense.
__________________
If you would only recognize that life is hard, things would be so much easier for you.
- Louis D. Brandeis
|