The above is a rear view mirror analysis of periods that did not have the level and length of unemployment we now see. The government has shot its wad on a stimulus package that over paid for little positive results. It appears the government will lengthen the period of any recovery by supporting the price of housing and possibly other assets above true market value. This will make it impossible to flush the system of bad debt as in the past resulting in a longer time frame to a reasonable recovery.
Submitted by Anonymous (not verified) on Fri, 2010/06/11 - 9:21am »