Socialism cannot compete!

What If the Great Depression Analogy Is Wrong?

"The die is now cast – fiscal stimulus will be too late to prevent the snowballing that will occur throughout the first half of next year. In this environment, policymaking will become increasingly desperate."

Policymaking will BECOME desperate? What would you call what has already happened, if not desperate? And I disagree that the fiscal stimulus will be too late...it won't work...but not because it was too late...but because it was the WRONG stimulus. Pouring bailout cash into the banks and picking winners...often shoring up unwise and foolish companies at the expense of those of us who have been prudent and wise...at taxpayer expense...will not save anything, EVER...neither late nor early...but NEVER. Wrong policies hurt, not help...no matter when implemented.

What was needed was to let what was rotten fail; and to have across the board, large, tax cuts to both corporations and individuals -- with the effect of stimulating both businesses and allowing personal balance sheets to be cleaned up with the additional cash flow that we'd be allowed to keep (our OWN money, after all!)

We're still sinking...and that's the ONE measure that has not yet been tried. Why? It is the one measure that allows RELINQUISHMENT of CONTROL AND POWER from the Government back to the People. That was at the heart of the problem (e.g. socialist housing --> subprime meltdown; excessive and onerous tax code --> high first hurdle for capital for biz and personal use & entrepreneurship).