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To: RushingWater

It would be bad, but necessary. Eventually the market will have to correct itself in the form of a recession/depression but the longer we wait and the more institutions we “bail out” the worse it will be. We’ve been living far beyond our means with a completely consumption based economy that can not sustain itself.


16 posted on 09/20/2008 9:44:10 PM PDT by djsherin
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To: djsherin
Eventually the market will have to correct itself in the form of a recession/depression but the longer we wait and the more institutions we “bail out” the worse it will be.

No you don't need a complete meltdown for an effective correction.

We’ve been living far beyond our means with a completely consumption based economy that can not sustain itself.

You're mostly right and eight years of W has made the problem worse.

20 posted on 09/20/2008 9:52:44 PM PDT by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
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