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rubberneck · 03-31-2008, 08:12

I think this is a monumentally stupid idea. Some how the American people have gotten it into their thick skulls that they are entitled to free markets that are recession free. You can't have one without the other.

I understand the recessions suck. When I graduated from college in 1991 it took me over a year to find a good job that paid me $18,000. Eight years later I was hiring college kids for entry level jobs that started at $45,000. In the wake of September 11th and the bursting of the tech bubble I found myself unemployed with a new child, unemployed spouse and a brand new mortgage. Trust me I know that recessions hurt but they are also necessary much like forest fires are for clearing the dead wood out of the economy and setting the table for real growth.

Every time that government gets involved they only delay that growth and in many instances prolong the pain. No one wants to see record foreclosures but keeping people in houses that they can clearly no longer afford, and really never could in many instances, is a really poor economic choice and very unhealthy for the country long term. Sadly for us it has become so politically toxic that no politician has the stones to stand up and make that point publicly.

I'd rather take our medicine now and reap the benefits of a rapidly growing economy two years down the road than to see some well intended but half baked, politically motivated, feel good policies drag out the pain for 4 or 5.

03-31-2008, 08:12	#2
rubberneck Area Commander Join Date: Jan 2004 Location: Buckingham, Pa. Posts: 1,746	I think this is a monumentally stupid idea. Some how the American people have gotten it into their thick skulls that they are entitled to free markets that are recession free. You can't have one without the other. I understand the recessions suck. When I graduated from college in 1991 it took me over a year to find a good job that paid me $18,000. Eight years later I was hiring college kids for entry level jobs that started at $45,000. In the wake of September 11th and the bursting of the tech bubble I found myself unemployed with a new child, unemployed spouse and a brand new mortgage. Trust me I know that recessions hurt but they are also necessary much like forest fires are for clearing the dead wood out of the economy and setting the table for real growth. Every time that government gets involved they only delay that growth and in many instances prolong the pain. No one wants to see record foreclosures but keeping people in houses that they can clearly no longer afford, and really never could in many instances, is a really poor economic choice and very unhealthy for the country long term. Sadly for us it has become so politically toxic that no politician has the stones to stand up and make that point publicly. I'd rather take our medicine now and reap the benefits of a rapidly growing economy two years down the road than to see some well intended but half baked, politically motivated, feel good policies drag out the pain for 4 or 5.
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