Tuesday, October 7, 2008

Sammuelson's Point

I think his point is that we need to be careful and take more action.
What i dont understand is how come we've dropped into so many recessions
and yet we've never done anything drastic to prevent another depression.
What i hope happens is that we get anothe president like roosevelt to pull us out
of this possible depression we may be having.
I think he feels this way because of all of the times he's mentioned
the differences and similarities between the problem we're having now
and the depression in '29.
I think he feels that although we're dangerously close, we are not in a depression
yet, and that there is still hope for us to pull out of this.

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