Too late.
“the govt” does not WANT to stop this recession
until “after” it achieves socialized medicine, defunding the DoD, nationalizing energy consumption and banking, pension schemes, and other left wing agenda goals normal times would never allow them to achieve
This article and most others like it suffer from the same fallacy; that Obama actually wants to mend the troubles in our economy. He doesn’t. He wants it to fail. Only when capitalism has failed can he implement his socialist system. So long as there is a working economy under capitalist principles, even one that is struggling, he cannot succeed.
Actually, the Market corrects the conditions and/or bad behavior that created the recession. And it is perfectly obvious that the Market has successfully done this numerous times. The Market cannot do it this time because the government has gotten in the way. A Market-driven recovery was delayed—if not out right killed—beginning with the discussion about the Bush II socialist stimulus package.
Moreover, government’s response to poor policy is always to pour more money down the rat hole. It will no doubt repeat itself—again—and therefore keep this economy in the tank.
The problem is the government and business are too interwoven now, that ship sailed years ago.
Folks, stop using the “R” word. It is NOT a recession that we’re in, it is a DEPRESSION.
Recessions are caused by overproduction, by and large, and sometimes by an external shock (like an oil embargo). However, depressions are caused by the popping of large/gigantic credit bubbles. Guess which applies to our situation?
Government won’t get out of the way until it is forced to do so - because such involves the reduction of its power.