US Economics 101

[Wild Style]

Originally Posted by hzachuck

Bla bla, doom and gloom, bla bla.

The same story for the last 50 years.

Were all of you around for the Carter Administration?

If you can, on youtube or whatever, go back and look at some old presidential debates.

Same story, different names.

Inflation, no jobs, debt, damaged image around the world, weak dollar, need change from the same old politics, another country is about to take over, we are screwed, armageddon.

We had 21 recessions, the great depression, 2 stock market crashes, and 2 world wars last century.

I'm waiting for someone to come up with a serious reason as to why now is so much worse than ever before.

I just think that 90% of the "doom and gloomers" are relatively young and going through their first "tough" times, and don't realize the country has been in much worse shape before.

you need to do more research. A LOT more

[Wild Style]

another great look at the economy

link

[HappyTexan]

"I see nothing in the present situation that is either menacing or warrants pessimism... I have every confidence that there will be a revival of activity in the spring, and that during this coming year the country will make steady progress." - Andrew W. Mellon, U.S. Secretary of the Treasury December 31, 1929

"I am convinced that through these measures we have reestablished confidence." - Herbert Hoover, December 1929

Those who refuse to learn from the past are doomed to repeat it.