The "bailout" vs. other debt
11-18-2008, 11:22 AM
#11
Gets Weekends Off
Joined APC: Feb 2007
Posts: 440
Originally Posted by jungle
BTDT, if you wrote that you have an excellent understanding of the real problems that need to be dealt with. A+
Despite the doom that many see, I see hope for a realistic solution based on cold, hard economic fact and rejection of hope, emotion and wishing as a basis for a cure.
Understanding people will continue to flee for the exits until the correct policy is implemented. Once you are clear of a burning building, one can watch the carnage at leisure.
Despite the doom that many see, I see hope for a realistic solution based on cold, hard economic fact and rejection of hope, emotion and wishing as a basis for a cure.
Understanding people will continue to flee for the exits until the correct policy is implemented. Once you are clear of a burning building, one can watch the carnage at leisure.
We will recover, but not without some difficult economic lessons to be had. Hopefully this generation (and future ones) will save more, spend less and build wealth. My "hope" is that people will start looking out for themselves (i.e., build your own nest egg) and not rely on an i.o.u. from Uncle Sam or their employer.
Is there hope? Only if sound and prudent economic principles are practiced - starting with the proverbial Joe Sixpack.
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