| Akvod said: Please explain, how you expected us to get out of this recession QUICKER, by doing nothing O.o |
Because if we do nothing, we will hit rock bottom fast. There would be no GM, no Chrysler, no Fanny Mae, No Freddi Mac, no Goldman Sachs, and about 100 other banks. 20% of the people will lose there homes.
All the companies that were poorly run, would disappear. Unemployment would rocket to 15-20% or so.
But after that, the people still in business a the companies who still make a profit, are the ones that are strong. Banks know to lend them money. People who have a job know they will keep there job, and they will spend money.
Strong car company's will take over. Ford, who knows how to make cars without it costing the American people, will make a lot of cars. Small banks who did things right, will become large banks that do things right, and the list goes on.
All we did with the bailouts, it let a shitty systems keep going. It has never worked int he past, so I have no clue why anyone would think it will work in the future.
Oh, and the sad thing about how bad it would get in one year, is that's where we are going to end up anyway. But we are going to spend trillions trying not to get there. Someone has to one day pay that back.
