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Politics : View from the Center and Left

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To: Steve Lokness who wrote (194222)	7/18/2012 10:57:16 AM
From: epicure	Read Replies (1) of 543488

Steve, I think most of us see the train wreck coming- but some of us would like a managed solution. Contracting spending heavily while on the cusp of a recession, or in a recession, is just stupid. That would throw us in to a depression. What we need to do is keep your level of concern when things are going well, and do something then. What were you saying in 2000? It's funny how most people get all angsty at all the wrong times, but it creates terrific opportunities in the market. However, in this case, if you really want to solve things, you'll look at the long game. Bring the government debt down when the economy recovers. Support the economy and prevent a depression, so the recovery can happen sooner, rather than later. Might we be taken down anyway, by Europeans who don't make good decisions? Absolutely. But still- we should try not to recreate the mistakes of the past. Let's at least try something different. We know how to recreate the great depression. Let's not do that. Might we still encounter a depression? Yes, we might. But at least we don't have to go running to it with our arms wide open.

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