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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (366318)1/10/2008 3:36:52 PM
From: Road Walker  Read Replies (1) | Respond to of 1576346
 
Well, Chris, its easy for you to make that statement.......your ass, job, house etc isn't on the line. "Taking their medicine" means many thousands of people lose their jobs while others lose their homes. I hardly think your tough love approach is the best way to go

It's going to have to happen sometime Ted... and the more times you stimulate the economy with more debt the worse the payback is going to be. Recessions are as natural as booms. And you can't have one without the other.



To: tejek who wrote (366318)1/10/2008 5:42:21 PM
From: bentway  Read Replies (1) | Respond to of 1576346
 
I'd hope most of that could be avoided, but economies have cycles. I've lived through several, although not a major depression yet. Trying to avoid them just makes things worse and causes the unwinding and pain to last longer.

How'd you like to have to come up with 20% down and then still have to pay 17% interest on your mortgage, 21% on your credit cards, etc. That was Volker correcting stagflation. But, we needed it.


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