The sad thing is that Pres Bush and the entire Republican party were denying that we were in a recession all throughout the early part of this year.
Remember when McCain said in a Fox News debate in January: "And by the way, I don’t believe we’re headed into a recession. I believe the fundamentals of this economy are strong, and I believe they will remain strong."
The other notable point is that most average Americans felt that we were in a recession long before the economists called it.
No, this isn't the Great Depression all over again, but it is a very deep rooted crisis that will not go away nearly as quickly as other more recent economic dips. This one's for real, and it will get worse before it gets better. Just watch for the waves of layoffs.
We had a phony economy for the last several years, propped up by credit based on nothing more than inflated property values on paper.
This would develop into a genuine depression if we took the advice of the total laissez-faire advocates, who would allow the banks to fail, the investment houses to fail, the auto manufacturers to fail, etc. Can you say massive economic darwinism?
Thank goodness we're in for some reality-based leadership for a change. Thank goodness we're in for some leadership that believes in strengthening the middle class for a change, and believes in actually adding value and producing stuff to create wealth, versus just shuffle assets around.
In a recession, it isn't always bad. Most people don't realize how much money there is out there. During economic times like this, there is more money to be had than ever. Because of the bailouts and economy, lenders are bending over backwards to bail you out too. Believe it or not, there is people getting tons of cheap money nowdays to start businesses, buy homes, pay off debt, and more. Recession Bailouts for YOU
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The sad thing is that Pres Bush and the entire Republican party were denying that we were in a recession all throughout the early part of this year.
Remember when McCain said in a Fox News debate in January:
"And by the way, I don’t believe we’re headed into a recession. I believe the fundamentals of this economy are strong, and I believe they will remain strong."
The other notable point is that most average Americans felt that we were in a recession long before the economists called it.
No, this isn't the Great Depression all over again, but it is a very deep rooted crisis that will not go away nearly as quickly as other more recent economic dips. This one's for real, and it will get worse before it gets better. Just watch for the waves of layoffs.
We had a phony economy for the last several years, propped up by credit based on nothing more than inflated property values on paper.
This would develop into a genuine depression if we took the advice of the total laissez-faire advocates, who would allow the banks to fail, the investment houses to fail, the auto manufacturers to fail, etc. Can you say massive economic darwinism?
Thank goodness we're in for some reality-based leadership for a change. Thank goodness we're in for some leadership that believes in strengthening the middle class for a change, and believes in actually adding value and producing stuff to create wealth, versus just shuffle assets around.
In a recession, it isn't always bad. Most people don't realize how much money there is out there. During economic times like this, there is more money to be had than ever. Because of the bailouts and economy, lenders are bending over backwards to bail you out too. Believe it or not, there is people getting tons of cheap money nowdays to start businesses, buy homes, pay off debt, and more. Recession Bailouts for YOU
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