Comments on: Longest Recession In PostWar History? http://donklephant.com/2009/03/08/longest-recession-in-postwar-history/ Big Teeth. Huge Ass. Surprisingly Reasonable. Sun, 22 Nov 2009 05:46:37 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Stopdrugwar http://donklephant.com/2009/03/08/longest-recession-in-postwar-history/comment-page-1/#comment-437439 Stopdrugwar Mon, 09 Mar 2009 03:12:24 +0000 http://donklephant.com/?p=13899#comment-437439 For good reason. Instead of cutting spending so that businesses and individuals have money to invest we exacerbate a problem caused by too much government spending with massive increases in government spending. Instead of rewarding thrift we take from the prudent to subsidize the reckless. We're in for some bleek days. Look for no recovery until government goes on a diet. On the plus side, government at the local levels have already been forced to shrink. For good reason. Instead of cutting spending so that businesses and individuals have money to invest we exacerbate a problem caused by too much government spending with massive increases in government spending. Instead of rewarding thrift we take from the prudent to subsidize the reckless.

We’re in for some bleek days. Look for no recovery until government goes on a diet. On the plus side, government at the local levels have already been forced to shrink.

]]> By: John Burke http://donklephant.com/2009/03/08/longest-recession-in-postwar-history/comment-page-1/#comment-437432 John Burke Sun, 08 Mar 2009 23:24:06 +0000 http://donklephant.com/?p=13899#comment-437432 I'd be a little more cautious in crediting anything said by the chief economist for Wachovia -- or any of the banks struck by the financial crisis that was in large part of their own making. I wonder what he had to say about the future of all the complex, hard-to-unwind financial instruments a year ago? I’d be a little more cautious in crediting anything said by the chief economist for Wachovia — or any of the banks struck by the financial crisis that was in large part of their own making. I wonder what he had to say about the future of all the complex, hard-to-unwind financial instruments a year ago?

]]> By: Conspirama http://donklephant.com/2009/03/08/longest-recession-in-postwar-history/comment-page-1/#comment-437425 Conspirama Sun, 08 Mar 2009 18:52:14 +0000 http://donklephant.com/?p=13899#comment-437425 <strong>Donklephant » Blog Archive » Longest Recession In PostWar History?...</strong> “This recession is broader, deeper and more complicated than virtually anything we have ever seen,” Wachovia Corp. economist Mark Vitner said. “The whole evolution of the credit markets resulted in all sorts of complex financial ...... Donklephant » Blog Archive » Longest Recession In PostWar History?…

“This recession is broader, deeper and more complicated than virtually anything we have ever seen,” Wachovia Corp. economist Mark Vitner said. “The whole evolution of the credit markets resulted in all sorts of complex financial ……

]]> By: Jim S http://donklephant.com/2009/03/08/longest-recession-in-postwar-history/comment-page-1/#comment-437420 Jim S Sun, 08 Mar 2009 18:35:22 +0000 http://donklephant.com/?p=13899#comment-437420 Justin, I think 4th quarter this year is the earliest that we might see the bottom. If the firings continue at the rate we've been seeing it will be longer than that. Justin, I think 4th quarter this year is the earliest that we might see the bottom. If the firings continue at the rate we’ve been seeing it will be longer than that.

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