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Growing Story: US Economy Almost Collapsed, Sep 2008

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Re: Growing Story: US Economy Almost Collapsed, Sep 2008

Postby RugbyD » Fri Feb 13, 2009 5:15 pm

bleach168 wrote:It's everyone, not just Lehman. You can count on one hand who's not in serious trouble.

Either you save everyone or you save no one and start over from the ground up. To me, the former is less painful because the financial industry is the center pillar of our economy. It fails and everything else goes with it.

There are some entities worth saving and them that aren't. Lehman was not worth saving. Why burn more taxpayer dollars than is absolutely necessary?
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Re: Growing Story: US Economy Almost Collapsed, Sep 2008

Postby CadensDad » Fri Feb 13, 2009 6:21 pm

RugbyD wrote:
bleach168 wrote:It's everyone, not just Lehman. You can count on one hand who's not in serious trouble.

Either you save everyone or you save no one and start over from the ground up. To me, the former is less painful because the financial industry is the center pillar of our economy. It fails and everything else goes with it.

There are some entities worth saving and them that aren't. Lehman was not worth saving. Why burn more taxpayer dollars than is absolutely necessary?


Why wouldn't they waste our money,..... oh wait thats what they have been doing for a few decades
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Re: Growing Story: US Economy Almost Collapsed, Sep 2008

Postby RugbyD » Fri Feb 13, 2009 6:37 pm

CadensDad wrote:
RugbyD wrote:
bleach168 wrote:It's everyone, not just Lehman. You can count on one hand who's not in serious trouble.

Either you save everyone or you save no one and start over from the ground up. To me, the former is less painful because the financial industry is the center pillar of our economy. It fails and everything else goes with it.

There are some entities worth saving and them that aren't. Lehman was not worth saving. Why burn more taxpayer dollars than is absolutely necessary?


Why wouldn't they waste our money,..... oh wait thats what they have been doing for a few decades

and even more as the Senate votes in 5...4...3.... :-t :-C
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Re: Growing Story: US Economy Almost Collapsed, Sep 2008

Postby Neato Torpedo » Sun Feb 15, 2009 12:09 am

You know that 3 Senate Republicans' houses were TPed last night. :-b
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Re: Growing Story: US Economy Almost Collapsed, Sep 2008

Postby StlSluggers » Fri Feb 20, 2009 12:01 pm

Dateline's amazing hour-long story on our current situation.

Spends a while discussing why the failure of Lehman caused so much panic.

This is a must-watch, I believe. Their player is really smooth, too.
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Re: Growing Story: US Economy Almost Collapsed, Sep 2008

Postby AussieDodger » Fri Feb 20, 2009 12:16 pm

Image
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Re: Growing Story: US Economy Almost Collapsed, Sep 2008

Postby Tavish » Fri Feb 20, 2009 12:17 pm

AussieDodger wrote:Image

You really think the US economy is starting to bring itself back above water?
Image

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Re: Growing Story: US Economy Almost Collapsed, Sep 2008

Postby StlSluggers » Fri Feb 20, 2009 12:18 pm

AussieDodger wrote:Image

Just making sure you understand:

Based on the size of the economy of the country you live in, you're probably under the bow of that ship.
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Re: Growing Story: US Economy Almost Collapsed, Sep 2008

Postby AussieDodger » Fri Feb 20, 2009 12:27 pm

StlSluggers wrote:
AussieDodger wrote:Image

Just making sure you understand:

Based on the size of the economy of the country you live in, you're probably under the bow of that ship.


We're fine down here thanks. ;-D To stimulate our economy most of the workers in Australia are each getting $950. Pretty sweet eh?
It's you guys that seem to get your panties in a wad. :-D
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Re: Growing Story: US Economy Almost Collapsed, Sep 2008

Postby StlSluggers » Fri Feb 20, 2009 12:28 pm

To stimulate inflation, most of the workers in Australia are each getting $950.

ftfy
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