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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Katelew who wrote (129345)	1/26/2010 7:30:12 PM
From: Mary Cluney	Read Replies (1) \| Respond to of 541978

<<<Actually, none of this matters. The "official" start of the recession is now given as December of 2007. The collapse of Lehman and the rest of the banking debacle didn't occur until the fall of 2008. So I don't see how one could argue that the banking debacle and the collapse of credit that temporarily followed was what triggered the recession.>>> What is your point here? Go back and read all your posts shortly before and after September 15 2008. You were opposed to the bank bailout then and you still infer the banks should not have been bailed out now. You also seem to suggest some sort of economic theory that government intervention, or demand-side management of the economy, does just the opposite of what I understand the great majority of economists in this world believe and that is the ability to increase employment and to stablise prices. Is this your personal philosophy or is it shared by others?