Free Republic

Although we are anticipating another great depression, we want to emphasise that we are NOT anticipating a replay of the 1930s. We are anticipating a drawn-out period of economic contraction, but the details will almost certainly differ markedly from previous depressions.

Bambi said something today that we already knew he thought: Only government can fix what ails us. / What, precisely "ails us"? We have an economic contraction. Contractions are wonderful things. They spawn creative destruction, the very engine of a capitalistic system. / Bottom line is - a president just doesn't have that much control. / GDP and economic policies from LBJ through W.