Quote:
Originally Posted by Jonbo298
Seriously, STFU and drop the non-stimulus bullshit. In fact, just drop it altogether. The economy will recover, it's just needing time instead of just band-aids. Hell, Obama is just not on the right track even after voting for him.
|
I think some people doubt the resiliency of the American economy, as long as it is allowed to follow natural courses. We've had bad recessions before, and we'll have them again.
Working in the Real Estate industry, I can tell you one of the biggest enemies of economic progress is uncertainty. Before the market crash, all I heard was how there were home buyers out on the market, but they were waiting to see how low interest rates would go and if the Fed would drop rates again (nevermind the fact that the rates the Fed dropped had little to no effect on mortagages). Afterv August, it didn't matter anymore as everyone was scared to death. Things appear to be getting better now, though. A lot of realtors I have talked to have said showing and interest have gone up quite a bit.
Our economy needs decisiveness and direction, and has needed it for some time. If the government had made bold statements regarding what they will and will not do and gave the current bill any real focus, the wheels of undustry may have started turning earlier. Companies are frozen, wondering what the hell is going on in Washington. No one wants to make a move until they know what canvass they'll be asked to paint on.