Lately, here in America, we have been dealing with quite a bit of financial issues. There was talk about the depression, the recession and other things like that. Its scary to think about that, hearing about all of the homeless people back then...For people who have very large and vivid imaginations, you can only guess what they're thinking. And its like, you tell your self don't worry about it, you do more to distract yourself from it but now, everywhere you look, you hear about it. Its everywhere and you can't avoid it. Better yet, its hitting close to home!
They say that the recession could be a repeat of 1929 and then there are those who say that back in 1929 "The beast" was different. I mean, I don't quite understand how, other than we have a bit more security with the insurance that we have now-a-day. However, that uneasy feeling in the pit of one's stomach still remains. There is the dancer of losing one's home and/or job...And I know this sounds stupid but I don't see why they just can't print out more money to save the day! If we're really that desperate I mean. But still, I know the system doesn't work like that.
My opinion on it all varies. In my own opinion of my opinion, I don't really have one. That's simply because I don't know that much about it, or maybe I did but I don't remember it. Or there is also that little possibility that I don't want to know about it. Its scary and I wasn't always so glad that it was in the past.
As I read on, I got the impression that Samuelson's point is to get the idea of the bailout through to people who don't see to agree with it. I also think that he really believes that the bailout will help. Not like fix it over night or fix it to where we will never have to worry about it again, but enough to help what little bit it can.
In these words, "The Great Depression resulted from the perverse mix of a weak economy and government policies that magnified the weakness and that were only partially neutralized by the New Deal. If we can avoid a comparable blunder, the great drama of these recent weeks may prove blessedly misleading," It pretty much states how they think the depression back then was different. I don't understand it but they are trying to give us confidence and beggars can't be choosers.
Anyhow, I'm really unsure what else there is to say about this. I do my best to keep my mind free of all these things whenever possible.
Tuesday, October 7, 2008
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