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

To: TimF who wrote (419996)9/25/2008 6:44:30 PM
From: tejek  Read Replies (1) | Respond to of 1572713
 
It may be that we are probably do for a recession, and likely not a very mild one. The bailouts may delay this, perhaps quite a bit so it seems like avoiding the issue, but I think in the long run they make things worse.

That's what I don't think many people understand......you included The bailout won't prevent a recession. In fact, we are likely to have a severe recession. What the bailout prevents is a depression.



To: TimF who wrote (419996)9/25/2008 6:57:06 PM
From: i-node  Read Replies (1) | Respond to of 1572713
 
Also I'm not so sure that the government is particularly likely to be so careful and well targeted with any money it does use to intervene.

It is hard for me -- having driven many times past the airport in Hope, AR, where sit 10,000 trailers FEMA purchased in a panic -- to have much confidence in the government administering this program.

And AFAIK, there is still a convoy of 18-wheelers full of ice traversing the country looking for a place to stop.


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