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Depression, inevitable or averted?

  1. rhamson profile image75
    rhamsonposted 7 years ago

    With the crisis created on Wall Street and the bailouts, did the US avoid another Great Depression?

    1. Sab Oh profile image60
      Sab Ohposted 7 years ago in reply to this

      We will never know

  2. MikeNV profile image72
    MikeNVposted 7 years ago

    How long can you borrow to pay is the real question.  All that has happened is a whole lot of money has been borrowed and printed.  Somebody at some point in time is going to want to get their money out of the loans.

    So how long can the United States continue to borrow and spend before it all comes crashing down?

  3. Ralph Deeds profile image70
    Ralph Deedsposted 7 years ago

    These charts appear to show that the economy is recovering, if unevenly.

    http://voices.washingtonpost.com/ezra-k … lecti.html

    1. profile image0
      Home Girlposted 7 years ago in reply to this

      When I was a school girl(was I?) long time ago in a communist country, we were taught that capitalistic economy goes up and down all the time, that it is very unstable and doomed eventually. Now, USSR is nothing but a smoke and I completely lost my point, sorry.

      1. Ralph Deeds profile image70
        Ralph Deedsposted 7 years ago in reply to this

        Capitalist or free enterprise economies do experience economic fluctuations from time to time, but history has shown that they are far from doomed. Most of the world including Russia and China are moving toward market economies. Hardly anybody has been advocating socialism recently.

  4. profile image0
    sneakorocksolidposted 7 years ago

    Buisness cycles have both ups and downs. If you have a down turn and throw in stupid and greedy in the mix its gonna make it worse. We'll be fine eventually I don't think we need government to own buisnesses we need them to set parameters and not get sucked in to the hype, like deregulating our banking system. That was a dumb move!smile

    1. Ralph Deeds profile image70
      Ralph Deedsposted 7 years ago in reply to this

      We agree on that. Banks shouldn't be allowed to speculate with insured deposits. Repealing Glass-Steagall was a mistake.

      1. rhamson profile image75
        rhamsonposted 7 years ago in reply to this

        Do you think Chris Dodds' bill will help adderess any of the issues that help create the meltdown?

  5. Will Apse profile image90
    Will Apseposted 7 years ago

    Current capitalism has a whole pile of problems. If the paranoid elements on the right could drop the long dead bogyman of socialism it might be possible to deal with serious issues instead of the nonsense that tea baggers are foaming at the mouth over.

    1. profile image0
      Home Girlposted 7 years ago in reply to this

      Not all of socialism is bad though in a "pure" form the system is not viable. I think everybody understand that part now. But if capitalism is doomed too, what's next? Butterfly or a plain worm? Big bear (Russia) tries very hard to develop capitalism, but it's hurting big time! Just talk to ordinary people, they are the ones who suffer most .

  6. Will Apse profile image90
    Will Apseposted 7 years ago

    Not all of socialism is bad says Home Girl.

    It is ideology that is the enemy. When you need to move forward (and we move whether we want to or not, so forward is a good choice) it doesn't matter if the idea comes from left, right or liberal. If it helps, use it.

 
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