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

To: d[-_-]b who wrote (454554)2/6/2009 10:35:55 AM
From: michael97123  Read Replies (1) | Respond to of 1575608
 
I think you are wrong. Housing triggered banking and then came unemployment but it any case you have to address them all. Fixing banking wont alone get us out of this mess. I listen to many conservative economists say the same thing. It isnt only Krugman.
You are right you cant employ everyone but you can do a lot to stop the landslide by shoring up state and muny govt, doing public works projects, incenting certain industries etc. And if you can stop the housing fall, you can put many able bodied men back into construction. The social fabric of this nation can be ripped apart by idle, more or less unskilled workers who can find work in building housing, roads etc.



To: d[-_-]b who wrote (454554)2/6/2009 12:08:48 PM
From: tejek  Read Replies (1) | Respond to of 1575608
 
As you may recall before all this distracting tax talk, item #1 in your list caused #2 and 3. So if you fix banks as Japan did #2 & 3 will come along.

That approach would have worked a year or two ago when the housing problem was in its infancy. Unfortunately, the gov't in place at the time did nothing. As a consequence, the problem has morphed into a crisis and now the problem has to be addressed on several different levels.


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