Is the USA on the verge of making the sequel - "The Great Depression 2"?

United States
September 22, 2008 1:10am CST
With the government bailing out companies and adding to the deficit will this be a re-run of the Great Depression? How far will it go and how much is it going to cost the taxpayers? The companies are just resuming business, and what is to keep them from doing it again? Who's to blame for all of this?? Well apparently we (US tax payers) are. Thanks again Bush and your complete dictatorship! You just bailed out all your CEO friends and left us with the bill... Why must we bail out huge companies that can't keep things together when the honest business owner down the street goes bankrupt and nobody seems to bail them out?
1 person likes this
3 responses
@ClarusVisum (2163)
• United States
22 Sep 08
Remember who deregulated these markets that are tanking now, because the higher-ups decided that a bigger bottom line was more important than maintaining a successful business. In November, you'll have a chance to show that you're tired of this nonsense, and want a change. I know I'm going to jump on that chance, and I hope you will too.
1 person likes this
@xParanoiax (7005)
• United States
23 Sep 08
We're pretty close to the edge of that particular cliff, yeah...and remember how they refused to say that we were in a recession all year long so most of us just went on to say, "We're in a recession in all but the name"? And now things are "bad enough" for them to say something more serious, and yeah, now that they supposedly care enough...it's to take advantage of us. Makes me wonder, if we tank by the end of the year...if the whole country just goes under..if Bush and all his buddies will all hop on a plane and go on some luxurious vacation or something. 'Cause I can't see him staying in a country he's destroyed, you know? I don't like to think about it, but the more I see everyone carry on business as usual, the more scared people I see...trying to pretend like every day that goes by is just another day..the sicker I feel. Even though I know how every bit of time now, we have with the world as it is...and not as the great unknown it will be...and I'm so grateful for all the time my family gets to get to more solid ground in case this blustery and dangerous economic weather turns into a full out category five deadly killer storm. I'm so grateful, but every day that continues is almost agony now. It's like, God. Just get it over with. Rip off the band-aid. It'll feel easier to deal with the pain of it if you do. It's hypocrisy, misplaced loyalty, greed, corruption, the most downright dirtiest bullsh*t SINCE the Great Depression. It's not the taxpayers' faults. It's those very people they're bailing out! Them and those who enabled them! There were some stupid people thrown into the mix too, but the stupid people couldn't have helped if it weren't for those two main groups of people, doing all that and expecting not to deal with any consequences, so bloated and arrogant that they thought things would never change enough for them to have to pay for what they've all done. Bush...will go down as the worst President we've ever had in the history of this entire country. And considering the other bad Presidents we've had before, that's certainly saying something. History's never as fun to live, as the books make it seem, huh?
@irisheyes (4375)
• United States
22 Sep 08
Scary isn't it? We believed it couldn't happen again and now we're on the edge. Apparently, Roosevelt put in a series of checks and balances to prevent another depression. As long as those firewalls remained in place, it really couldn't happen. Unfortunately, starting with Reagan's deregulation of the S&L's, those barriers were removed one by one and the US economy became as vulnerable as it was in 1929. The really terrifying part is when you listen to the "experts". Basically, they all seem to be saying "This will work because it has to work because there is nothing else left to do". Not much comfort there.