With the massive coverage it gets since 2000, I think the election killed our economy. It turned what would have been a massive banking problem and average recession, into a massive recession with widespread panic. I think McCain is a massive douche nozzle but when he was pinned as a moron for saying the findamentals of our economy are good I was pretty scared. The fundamentals are good, thus the reason our GDP will not shrink by 50% or even 20%. But with every week having the two sides argue about it and much more coverage on the downturn with the election, panic got epic.
Either OBama's plan will work or it won't work. If it works Republicans are screwed for the next decade. If it doesn't work, Democrats are screwed.
the market didn't crash till september when bush requested tarp funds. before then it wasn't even an issue, remember the surge?
So you are saying if everybody had ignored the asset bubble, it eventually would not have popped? Sorry, but that's saying like if the FBI hadn't jumped the gun and arrested Madoff, his investors would have gotten their money back.
I agree. The 2000 election killed our economy. As well as a bunch of soldiers and Iranians and torture victims. It killed the faith I have in our Justice system. It came damn close to killing the Constitutional balances. It dealt a mortal blow to a century of foreign policy efforts. It significantly injured basic rights. Yes, the 2000 election was a disaster of epic proportions that we will live with for generations.
The 2008 election had nothing to do with the economic collapse at all. "Massive", pre-existing banking problems on this scale don't lead to "average" recessions.
Tons of people are scared of losing their job even when the majority will not lose it. Consumer activity is down bigtime, and all of this comes from the psychology. The coverage of the economy has gotton everyone into a frenzy, like hurricane Rita when people in the woodlands were evacuating and clogging the freeways. The reason people first paid attention was the election.
The sales of cars and consumer spending didn't grind to a hault because of banks. It was because people are holding onto their cash with an iron grip.
I think you are right. If this works or semi works then the Republican's tax cut only polices will go down the tube as the only solution in a depression.
Please educate yourself. The global financial crisis has nothing to do with the '08 election, and has everything to with the mortgage crisis decoupling worldwide and freezing credit markets.
the reason people began paying attention to the economy is a major investment bank disappeared over night after one was bailed out, and george bush had to go before the country and ask for $700BB in TARP money.
what does that have to do with people making the same cash, paying less for gas and most other goods and services, shutting down spending on autos?
