wondering how you feel about depression?

Question

i heard a lot of ignorant people talking about all the banks and the president giving out all of the bailout that we did now it draws me to the great depression of 1929 because that is what we would have had if the democrates and the republicans had not been there to help the banks out of the crisis at the time. so would it have been better to have a depression with soup kitchens feeding america or or the government bailouts like we did. So the question is how do you feel about a depression? and of course those of you that has to disagree with me please be kind with your answers and no comments like drink your coolaid. so the ball is in your corner how do you feel about the depression?

Anonymous · Accepted Answer

You have to realize that there is a lot more wealth in the world these days, hence more solutions to financial problems. There's more than one way to skin a cat, so to speak. 

The bailout is neither here nor there, we see what it has done...nothing. Banks got a bunch of money and are still being stringent with lending. The whole idea was to give banks money to get back to doing business as usual. I don't really think we can compare this to the depression of 1929. It's a completely different dynamic. 1929 had to do solely with the stock market and that there was more money invested in the market than could be backed up. 

Personally, I don't remember there being a plethora of amazing jobs before this recession. It's all the sudden there are no jobs...there's always been a lack of good employment. Meaning a job that can get you out of debt and keep up with inflation. This is where we were heading anyway. It's not like you see "made in America" anymore.

Besides, who needs soup kitchens when we have the dollar menu at every fast food chain in existence?

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wondering how you feel about depression?

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