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Politics : Formerly About Advanced Micro Devices
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To: Alighieri who wrote (447597)1/14/2009 5:34:13 PM
From: Tenchusatsu  Read Replies (2) of 1575797
 
Al, > Well, yes they are...and this one is really bad.

One reason why this particular recession is really bad is because we've become so good at cutting short all the other recessionary periods we had. Essentially all we did was delay the inevitable.

Hence it's a useless exercise to find someone or something to blame for the current recession. Even cutting short recessions isn't necessarily the wrong thing to do, depending on what your goals are in the short, mid, and long-term.

But I think we can look at this current recession not as proof of failed ideas, but as an opportunity to purge excesses that's long overdue. It's going to be painful, especially for those without a job, but hey, I'd rather be a "heartless conservative" than an idiot who trades long-term growth for short-term relief.

Tenchusatsu
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