now or later

User Forum Topic
Submitted by al_coda on September 20, 2008 - 11:54am

For myself, I'd rather suck it up and live through whatever we have to deal with now. I believe that, through perseverance and ingenuity, hardworking honest folk would be able to rebuild our economy.

I don't see the point of taking 5-10% of our 14 trillion dollar economy and spending it on worthless assets. If we truly are facing a crisis, let's use that money to invest in supporting small businesses and work programs.

I think the test of any crisis management plan is that, if it doesn't work, you shouldn't be worse off than when you started. But, if the Paulson plan doesn't work, the Treasury and the Fed will have to be bailed out themselves, the dollar will collapse, the credit rating of the U.S. will be shot to hell, and generations of Americans might as well send their IRS forms/checks directly to communist dictatorships and islamic fascists. Cuz' that's who we are going to owe the money to.

Any comments welcome.

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Agree 100%. If we get this
Submitted by CA renter on September 21, 2008 - 2:27am.

Agree 100%.

If we get this done quickly, we can get to the point where side-lined money will be willing to get back in and start the economy anew. It will be more violent and painful at first, but we can get through it and not prolong the pain.

If we drag things out, unemployment will skyrocket, and jobs will be lost for many years to come, rather than just 1-3 years in a quicker correction, IMHO.