Food for thought.. Europe is in the tank financially.. if the President had not taken

[Peacetrain]

the steps he did.. can you imagine where we would be?

Holy Moley..

[HiFructosePronSyrup]

1. There have always been nuts screaming about the next second great depression around the corner.

But a year and a half ago the people saying it weren't just the nuts.

[Peacetrain]

4. It almost takes your breath away every day with Greece, Spain etc

and the EU trying to get it under control.

Suddenly our greenback is the safety spot to put your money in, with regards to currency.

We put the skids on just in time..

[liberalla]

9. There's some of that screaming going on now -

Warning: Crash dead ahead. Sell. Get liquid. Now.

Maybe not calling it another great depression, but claiming the stock market is about to crash.

[ShortnFiery]

2. Hey, if you think the USA is safe, I've got some oily swampland in Florida to sell you.

:evilgrin:

[Peacetrain]

5. safer than anything going on in europe right now..

think I will pass on the swampland.. :evilgrin:

[Traveling_Home]

3. If the President does not take...

the steps he needs to.. can you imagine where we will be?

Holy Mahoney?!2#&*?

[zipplewrath]

6. And where we may be yet

A tad soon to be resting on laurels. He's off to a good start, but there is more to be done. And the actions started under his predecessor. TARP was a big part of it, so was the stimulus, but we ain't out of the woods yet. We'll see what comes out of the current reform package. It could have been better. And Krugman and others may still be correct, we may need a SECOND stimulus package. The first one was never really thought to be big enough.

[Peacetrain]

7. Never said nothing about resting on anything.. that is the "bush" way

;)
But if we had not gotten as much control as we did..well I can't even wrap my head around it..

[zipplewrath]

8. 25%

25% unemployment. It was a real possibility.

Put another way. We went from roughly 5% (or less) to a bit over 10%. That means that about 5-7% change. That's bad. That's real bad. Now, at 25% it would have been roughly a 20% change. That's like bad times 3, maybe 4. THAT's bad.

[asphalt.jungle]

10. the admin warned europe about this at the london summit last year

that they needed a bigger coordinated stimulus on the continent.