Skylar
Diamond Member
- Jul 5, 2014
- 51,016
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It was FREEFALL headed to depressionNot in free fall?
The stock market had dropped 7000 points
As it should have...
We were losing 750,000 jobs a month
Should have been much worse...
They still are...Auto companies were collapsing
That will happen when one replaces sound operating principle with unsound notions of 'fairness'.Banks were defaulting
GDP had been negative for five quarters
Catastrophic collapse of the economy due to the unsound economic policy will do that... .
Housing market collapsed
Yep... ya can't replace sound, actuarial lending policy with irrational notions of fairness and not expect a run on mortgages, that drives the cost of the underlying real property beyond the means of the market to sustain such and not expect it to collapse the market.
If that is not free fall, what is?
It was just the inevitable consequence of insinuating socialist policy into a free market.
And it's not over yet... all the idiots did was set up delays. The Markets did not correct... they simply propped up the fatally flawed system with pretend cash.
In fairly short order, all of it will crash. And there will be no resources remaining to stop it... and at that point, you'll get an idea of what 'free-fall' looks like. And my guess is that you're not going to like it much.
Obama stopped it
NOoooo... It was an economic collapse due to unsound economic policy.
If they had simply let it collapse, the businesses that had adopted the fatally flawed policy would have perished. The assets of those flawed enterprises would have been purchased by enterprises operating upon sound principle, which would have established the correction that follows such failures.
We've done the 'let water find its own level' approach. The result was the Great Depression. We interceded in this economic downturn and had our economy growing again in about a year.
Instead, the collapse was forestalled by more unsound economic policy, which has precluded the potential for the necessary correction. As a result, the delay has sapped essential resources, precluding the potential for the correction... thus the collapse, when the markets can no longer sustain the debt that the aforementioned policy has produced, will be total... ruinous and beyond your means to so much as imagine.
Thank you... you idiots have completely fucked us.
Says you, citing you. And your source sucks.