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

To: Road Walker who wrote (506740)8/20/2009 6:32:02 PM
From: Alighieri  Read Replies (1) | Respond to of 1576824
 
Right now we would be looking at 20%+ unemployment. We would be in depression. The upper mid-west, God knows the hardship.

These guys managed this thing like a heart surgeon. They were playing it by ear in uncharted ground, shooting from the hip... some fits and starts, but did an unbelievable job. Bernanke (Bush appointment and a Republican) deserves some of the credit. But it was the team.

It's going to be the model for future economic disasters. It will be written up in every economic text book... the road map.

Damn straight...and they did it with every tom dick and henry second guessing them from both sides.

Al



To: Road Walker who wrote (506740)8/20/2009 6:43:01 PM
From: bentway  Read Replies (2) | Respond to of 1576824
 
"We would be in depression."

Not just us, but the entire world. Shipping had STOPPED. I think these clowns will never understand what we were on the brink of, which, worst case, was the collapse of our society, globally.

Mad Max time, with the remainder fighting over the scraps.


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