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Politics : Sioux Nation -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (157330)	1/3/2009 10:48:07 PM
From: Rock_nj	Read Replies (10) \| Respond to of 362360

The two things the Great Depression and this slowdown share in common are their roots in utter unregulated speculation and a breakdown of the stock market and the trust of the financial system. It was steady as she goes for 60 years after the Great Depression, then we deregulated and let the economy spin out of control again.

To: stockman_scott who wrote (157330)	1/4/2009 12:09:49 PM
From: Ron	Read Replies (2) \| Respond to of 362360

Truth to tell, I don't think the government can end recessions/depressions. But government can lay the groundwork for an improved country and economy down the road. That's the big thing FDR did. Made the USA a better place for all people to live, except maybe for crooked Bank presidents, maybe for them not so much. Then the Repubs in congress did away with a bunch of FDR's safeguards in the late 90s. And Clinton went along with them. Wasn't smart. Wasn't smart to slash the SEC budget year after year, either. FDR created the SEC. Hopefully Obama will make the USA a better place to live. As for the economy.. I guess I'll rely on supply/demand to take care of that. Could be awhile.