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Politics : Mainstream Politics and Economics

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To: Bearcatbob who wrote (9578)	2/17/2012 11:28:00 AM
From: Steve Lokness	Read Replies (1) of 85487

<<<The current recovery is anemic. >>> Yes and what in the heck did you expect after the housing bubble collapse? To compare this recession to previous ones where there was no collapsed bubble is frankly silly and dishonest. When a bubble burst there is a natural period of deleveraging. The whole reason for this is that by leveraging up people became over extended. Another good example was the great Depression when people leveraged to buy stocks on a speculative frenzy. Did that one turn around faster? Of course NOT! You keep saying the economy should be turned around - but where does the demand come from Bob? You think the consumer that accounts for 70% of the economy should go further in debt? How you going to make them do that? Did we learn NOTHING from the over extension of the housing bubble? Where Bob - where do you want the economy to grow? It's easy to sit around and bitch - harder to figure out a positive way forward. Tell me your way.

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