Quote:Rajvik wrote:So are you fine with the boom and busts 1930's era style? We were going to have that in 2008, if Obama did not take extraordinary measures to mitigate it. If you're fine with that sort of severity, more power to you. I am definitely not the type to condone shenanigans like what Wells Fargo or Enron did. Or the entire banking industry leading up to it. I recommend getting this book for the background.
Ordinance there has always been a boom and bust, it's the way the cycle works, the Soviets proved that you can not have government mandated mediocrity and maintain a healthy working system. There will be periods where everything is going fine and then something, maybe internal, like an election or external like the end of a war that causes an economic slowdown. It's life, get used to it
Let me explain what those quote "slowdowns" did to my life:
Reagan recession: Just came back from the army. Was going to college. My family went under and couldn't pay the mortgage and lost the house? Ever tried going to college while being homeless? I'm pretty sure BA would understand. I understood what he was going through.
Bush II great recession: No home though I had a decent job. Lost that and guess what no jobs in sight. June of 2008 to August of 2010. Had to move all the way to Alabama of all places to get a job.
Now I'm happy to say I'm somewhat insulated. I have a federal job from which I have job security. I have a house in a location where housing prices are not going to fall off a cliff. And you? Better be a trust fund baby or independently wealthy. Otherwise, better pray Trump is the water walker he says he is. In any case you have 4-6 years to make hay. Then the cows come home.
Edit: You forgot the cause of the 2008 great depression: Unmitigated greed! And it wasn't a slowdown. It was a fricking crash! If the auto bailout had not occurred, you would have seen 800,00 jobs wiped out. So you want to tell me you're fine with that?
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