What congress is doing right now is what caused the Great Recession in the first place of making rules so lax for banks that they got into trouble last time and destroyed the wealth of the Middle Class in our country by destroying the average person's investment value in their homes. Many many middle class people went bankrupt or lost their homes because of what the government did the last time and this is just more of the same.
Also, the fundamental problems of the last Great Recession were much worse than what Caused the Great Depression. If we hadn't had knowledgeable people in place like Bernanke at the Fed who had studied the Great Depression in his college thesis or Geitner as Secretary of the Treasury we would have bankrupted the whole world completely over time. We only made it out of that alive by the skin of our teeth.
I'm not sure we will be as lucky with the foolish things our Congress is doing now.
To the best of my ability I write about my experience of the Universe Past, Present and Future
Top 10 Posts This Month
- Rosamund Pike: Star of New Amazon Prime Series "Wheel of Time"
- Belize Barrier Reef coral reef system
- SNAP rulings ease shutdown pressure as Thune rebuffs Trump call to end filibuster
- Pacific Ocean from Encyclopedia Britannica
- Flame (the Giant Pacific Octopus) whose species began here on earth before they were taken to another planet by humans in our near future
- Nine dead, dozens injured in crowd surge at Hindu temple in southern India
- Learning to live with Furosemide in relation to Edema
- I put "Blue Sphere" into the search engine for my site and this is what came up.
- Reprint of: Padmasambhava's Dorje Drollo footprints in Rock
- Siege of Yorktown 1781
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment