reply to post by syrinx high priest
Dear syrinx high priest,
I received a different impression from the Federal Reserve article, and I may be mis-conveying it. If I provided a link to the article (and I think I
did) you might want to check it yourself so that I don't distort it in passing its message along.
so bush caused the depression, we agree on that.
I'm fairly sure I didn't say that. I don't believe that the only causes of the
recession were decisions made by President Bush, and the whole thing is irrelevant to the point I was trying to make.
so if obama didn't fix it fast enough,
That's touching on the point, but still missing it. The article indicated that the reason
the Obama recession is taking as long to fix as the Great Depression is because of Governmental policies and uncertainity. It's not that he's too
slow to fix it, but it's worth noticing that every other president who has faced a serious economic problem, whether they were smart or stupid,
Republican or Democrat, fixed it a lot faster than Obama. It's that Obama is aggravating the recession, making it longer lasting. The real question
is why does Obama want to destroy our economy?
we should let them back in to roll back regulations and go for it again ?
I think you're mistaken if you think that the centerpiece of economic reform is reduction of regulations. Besides, I hope
you would agree that some regulations turned out to be helpful, and others made things worse.