On Thu, 29 Jan 2009 13:44:12 -0500, Keith nuttle wrote:


You need to study the great depression and the effects of the New Deal.
The New Deal did nothing to stimulate the economy only prolong the
misery until WWII.

I have studied, and so have countless others, and that's the point. FDR
was flying blind during the Great Depression. We, on the other hand,
have 70 years of study to base our decisions on.


Even the liberal PBS reporters think the stimulus plan will do nothing
to create permanent jobs to get the economy out the recession. This
recession was caused by the clinton "loans for everyone" program. Until
those loans are purged from the system the economy will not truly
recover.
It is interesting to watch the liberals try to spin the issue to a
republican failure. I saw one article yesterday where 10 paragraphs of
facts of what was working to improve the economy and one sentence that
said the "proponents: of the stimulus package "thought" it would improve
the economy. The headlines stated the stimulus package would get the
economy out of the recession, absolutely not what the bulk of the
article said.

Horse ****, you haven't heard me blame the Republicans for this economic
mess, and, unlike you, I don't blame Clinton. You may want to do a
little studying yourself. There's a big difference between loans pushed
by the Community Reinvestment Act, and sub-prime loans. CRA related
lending isn't the problem.

http://www.federalreserve.gov/boardd...craloansurvey/

Sub-prime loans are, or more to the point, derivatives of sub-prime
loans. The heart of this economic collapse was greedy, incompetent
businessmen. When Lehman Brothers leveraged themselves over 33 to 1,
thinks get a little dicey when things go south. Compound that with a
herd mentality, and you get where we are. The government didn't do this,
but, hopefully, the government can get us out of this.