Originally Posted by
Epoch
That's the problem. This money is far from free. Regardless of where it comes from, it's cost is greater than the benefit
Free markets are notoriously great at correcting themselves. This wont be another 1929 by far. We need to let industry spend the next year rebuilding itself proper while we study what went on and see what we can do to prevent it from happening again in the future.
This sort of economic downturn is not the sign that the American economy is collapsing, but it could be if we panic about it and start throwing money we don't have at a problem that isn't being solved. Or at least it might be a sign that we no longer have an idea of how to economically conduct ourselves as a country... If we don't critically look at how we do business, things will get a fair bit worse in the next decade.
Yeah, but in the meantime the government can't stand by and let nothing happen while tens of thousands of people suffer due to the consequences of the economic cycle. If the government didn't do anything, the consequences for the laissez faire mentality would be far worse for both the American people and the Governments already spotty reputation with respect to timeliness on handling adversity.
Doing the whole head in the sand thing is a naive and far more dangerous mentaily to have.