Quote:
Originally Posted by LiL stumppy
I'm not being a smart ass, just saying sorry for not clarifying what I meant.
We have been discussing this topic a lot and it amazes me how everyone has some way to fix the economy, not two people had the same idea. It was, new government, spend money, don't spend money. I never really followed politics or anything like that so I had no idea what was going on and didn't really believe this "recession" we were going through until the past few months where I have looked for a job and can absolutely not find one. Seems here a lot of people have different opinions as well on how to fix this problem. I am just curious, that's all.
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Time and patience will get us out of this eventually, the market has to correct itself. But this whole mess was a whallop to the US economy and other economies around the world, so it will most likely be a long recession.
I'm not of the opinion shared by some that the sky is falling. Jobs get lost and business go out of business, its the ebb and flow of economics. This has just been exasperated by an over excess of free spending. It's hard to generalize this whole fiasco without trivializing the dramatic effect it has on real people's lives, i.e. those that have lost their jobs, or homes. It's a sensitive subject for a lot of people. Hell, even people that did the RIGHT things are being penalized by higher credit card rates and job losses.
I really hope it ushers in a new era of responsibility, but I doubt it will. The American Public have a very short memory for lessons such as these.