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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: geode00 who wrote (146550)	11/8/2008 7:14:45 PM
From: TimF	Respond to of 173976

You don't think that would happen why? The default assumption is that huge changes won't happen. You need a very good "why" to believe they will, not a very good "why not" to believe they won't. None of the proposed "why's" is enough for me to believe the idea. Do you not believe Paulson and Bernanke and Bush on this issue? No. Why don't you think the bail out (in all of its various forms not just TARP) would help avert or mitigate a downturn? That's not what I said. I said that if a great depression type situation would happen without a bailout, than the bailout wouldn't stop it. A slowdown can even be less than a recession (defined as two quarters of negative growth)_. If you have low growth (say less than the growth in the population, or just noticeably less than the previous growth rates) for awhile then you have a slowdown even if growth never turns negative.