Quote:
|
Originally Posted by Konovalov
Quote:
|
Originally Posted by Skybird
It already IS in a depression.
|
How do you come to that? You have to be in a recession first before you reach a depression. Technically the US is not in recession though I do believe that there will be a recession soon. |
Ploink! Recession conditions are not present. Potential recession conditions are very much present. Recession can be avoided, but there are two factors mitigating against corrective action, and a fairly strong moral argument.
A - Current US budget/borrowing cannot support a proper solution. The political will is not there either.
B - The lax attitudes and wishful thinking that has created this mess needs a counter. The system can be bailed out, but those responsible must not benefit from their own failures.