Comments:Fed chairman Bernanke says US recession 'may last into 2010'
This page is for commentary on the news. If you wish to point out a problem in the article (e.g. factual error, etc), please use its regular collaboration page instead. Comments on this page do not need to adhere to the Neutral Point of View policy. You should sign your comments by adding ~~~~ to the end of your message. Please remain on topic. Though there are very few rules governing what can be said here, civil discussion and polite sparring make our comments pages a fun and friendly place. Please think of this when posting.
Quick hints for new commentators:
- Use colons to indent a response to someone else's remarks
- Always sign your comments by putting --~~~~ at the end
- You can edit a section by using the edit link to the right of the section heading
"strong government action" is not going to fix this economy. It never has, and it never will.
CuriousSandwich (talk) 19:38, 25 February 2009 (UTC)CuriousSandwich
Strong government inaction should do the trick, then? --Thrawn (talk) 20:46, 25 February 2009 (UTC)
Let me rephrase: Government spending and "stimulus" packages are not going to help the economy recover; tax cuts for corporations and individuals and reduction in the government budget will.
CuriousSandwich (talk) 22:28, 25 February 2009 (UTC)CuriousSandwich
The Sandwich speaks the truth.--66.229.21.217 03:21, 26 February 2009 (UTC)
- Except, what with that NOT WORKING ONE SINGLE DAMN BIT to stop it from happening in the first place? I think you're forgetting history, namely last year and all the time since it was known this was coming and Bush gave great tax cuts that DIDN'T do anything to stop it from happening. Regulation is required to make capitalism serve the actual interests of people, instead of making people serve the machine of capitalism. 66.20.190.65 04:34, 26 February 2009 (UTC)
- Silly me I thought the Dems deregulating of the banks that hand out the bad loans got us in this crisis.--66.229.21.217 09:08, 26 February 2009 (UTC)
- That's an excuse, the systemic problems go back long before that and have their root in lack of sense in the management of the financial institutions. Their overriding greed and shortsightedness caused it. 66.20.190.65 21:18, 26 February 2009 (UTC)
- The current economic crisis is a result of too much government involvement. Banks were being pushed by the government to hand out bad loans.
- CuriousSandwich (talk) 22:59, 26 February 2009 (UTC)Curious Sandwich
- Actually, that's not what happened. As an example, banks in Canada have been pushing for years for the same type of deregulation that happened in the US. They've been arguing that such deregulation would allow them to make more money in the short term. And yup, that's true. Unfortunately in the long term it bankrupts them, as seen in the US. Unlike the US government, which caved in to the pressure (*cough*bribes*cough*) from the banking sector to deregulate, then lied and said that it was "for the good of the people" (hah!), the Canadian government refused to deregulate their banking sector. Now Canada has a heavily regulated banking system that is rated as the strongest in the world, according to international studies (and, frankly, everyone else, banks included), while the US has a barely regulated banking system that is nearly completely non-functional. Huh. Looks like regulation works after all, doesn't it? Canada wins again! ;) Gopher65talk 01:08, 28 February 2009 (UTC)
- Well, that was a strong and concise argument that totally made me argument that made me agree with you. (note the sarcasm) Fephisto (talk) 11:19, 28 February 2009 (UTC)
- Actually, that's not what happened. As an example, banks in Canada have been pushing for years for the same type of deregulation that happened in the US. They've been arguing that such deregulation would allow them to make more money in the short term. And yup, that's true. Unfortunately in the long term it bankrupts them, as seen in the US. Unlike the US government, which caved in to the pressure (*cough*bribes*cough*) from the banking sector to deregulate, then lied and said that it was "for the good of the people" (hah!), the Canadian government refused to deregulate their banking sector. Now Canada has a heavily regulated banking system that is rated as the strongest in the world, according to international studies (and, frankly, everyone else, banks included), while the US has a barely regulated banking system that is nearly completely non-functional. Huh. Looks like regulation works after all, doesn't it? Canada wins again! ;) Gopher65talk 01:08, 28 February 2009 (UTC)