467,000 more jobs lost in June.

[Avinash_Tyagi]

TheRealMafoo said:

Avinash_Tyagi said:
No, what brought about the early 20's recovery was the market bubble that began in the 20's, which surprisingly had a lot of similarities to the last decade or so, there was a land boom in florida, speculation in stock prices, new market tools for investors, and bad managing by the fed, kind of reminds me of the recovery we had in the early part of this decade after the dot com bubble broke and 9/11.

The point is. what didn't bring it back, was government, and it was a far worse recession then we have today. People did not run screaming, and the world did not end. We sprung back from it quicker then ever before, and thanks to government thinking its there job to fuck with everything, faster then we ever will again.

 

The recovery of the 20's was a bubble, it wasn't real, and it set us up for an even bigger fall a few years later, its the same sort of reason we are in the mess we are in now, your idea is for the economy to recover on the back of another bubble and 5-10 year later things will be even worse than they are now, that's not proper management of the economy, you say that the government screws things up, your idea would screw things up even worse, far worse, at least now we have a chance for a real sustainable recovery and not just another bubble.