Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Old 03-20-2008, 02:17 PM
Location: New Jersey
2,662 posts, read 3,814,268 times
Reputation: 580


Economist: Fed, Congress missed chance to avoid recession - Mar. 20, 2008

Slowdown could have been avoided

A well-respected economist says the U.S. is now in a recession...and that Congress and the Federal Reserve could have stopped it.

NEW YORK (CNNMoney.com) -- Congress and the Federal Reserve missed their chance to keep the country from falling into recession by acting too slowly, according to a well-respected economist.
Lakshman Achuthan, the managing director of the Economic Cycle Research Institute, said the economy has now fallen into what he calls "a recession of choice."
He argues that the economic stimulus package passed by Congress this year is too late to help many consumers and businesses and that the Federal Reserve was too timid when it started trimming interest rates last fall. . . .

Another example of what Poloski and the dems have done in such a short time.
Reply With Quote Quick reply to this message

Old 03-20-2008, 02:24 PM
69,368 posts, read 63,839,164 times
Reputation: 9383
Congress and the Federal Reserve still are doing nothing to stop it.

Congress is proposing more taxes, more spending..

Federal Reserve is dolling out more dollars, lowering the value of a dollar, and making it more difficult to qualify for a mortgage.

HELLO? It should be easier to qualify in bad times to move the money, tougher in good times to slow it down..

Note words under my name.. Banging head against wall!!
Reply With Quote Quick reply to this message
Old 03-20-2008, 02:31 PM
Location: Albemarle, NC
7,730 posts, read 14,102,677 times
Reputation: 1520
Bernanke is terrible. Congress has been shaky at best since Greenspan left office.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.

Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies
Similar Threads

All times are GMT -6. The time now is 05:18 PM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top