Quote:
Originally Posted by Ronald Pagan
Fact is that we're in uncharted territory. It's exceedingly easy to be a critic of policy at this point because no one knows what to do. I think that blaming Obama is juvenille. The American system of government is proving to be just as culpable of much of the blame in its clunky handling of the crisis.
And, in the end, the economy boils down to human decision making and interactions. Meaning that there are not a whole lot of levers that the government can pull to just turn things around. Especially under a globally diversified economy and a now global downturn.
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Sadly, I don't think the waters are all that uncharted. We've been through some of these things before. Look at the Savings and Loans Crisis, that was like... 25 years ago.
The response must be holistic and from all portions of society. In fact, at this stage, we probably need a global response.