THE ECONOMY

Depression-Era Diary, Part Two

Think times are tough? How one man survived the last Great Depression.

Oct 28, 2008

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  • Posted By: Libricrat @ 11/10/2008 2:22:33 PM

    Now, once again, just like in the New Deal, we will speed faster toward more socialistic, redistributive policies. Captialism works, it just needs some curcuit breakers and speed breaks installed. My fear though is that true Socialistic change will come out of this recession, especially with respect to the medical field. We are truely at a fork in the road and as a blue collar capitalist, I'm very afraid.

  • Posted By: Karenn1 @ 10/30/2008 2:03:35 PM

    Get real Republicans trash the U S for profist. Exxon just broke the record for profits.Greed is good? Who needs to listen to what republcans have to say.Just look at the economy and what greed will do without oversights. 1929 crash is the G O P/ M O.

  • Posted By: Tea6 @ 10/29/2008 11:17:54 AM

    Trade with currency manipulation is not free trade, it is mercantilism.
    When countries run large export surpluses their currency should strengthen, which evens out the surpluses and deficits. Currency manipulation and its by-products are what got us into this financial meltdown. It is time to fix the system.

  • Posted By: rumrunner @ 10/29/2008 2:40:36 AM

    Looks like the times are coming back to haunt us all again. Wall street has done it again and this time it will be alot worse because everybody is used to so much and spoiled to the bone on instant have all.
    We may have a cival rebellion on this one if things are not settled soon and it could go worldwide for that matter.

    Earl

  • Posted By: beyondgreen @ 10/28/2008 6:07:50 PM

    We are crossing into dark economic times.The high cost of fuel this past year has seriously damaged our economy.From filling up the family vehicles and paying more for every consumer product whose cost of production and shipping was passed on to us there was little left over to save, invest or spend. So, we tighten our belts , cut out some extras, buy only the bare min. That sadly in turn results in more job losses. OPEC has us over a barrel literally.WE reduce our use they in turn just cut production by 1.5 million barrels a day and vow to cut more if they don't get the price results they want.Our country needs to invest in reducing our dependence on foreign oil. The 168 Billion they paid out in the last stimulus pkg that did nothing at all for our economy would have gone a long way toward getting us started on the road to energy impendence. I highly recommend Jeff Wilson's new book The Manhattan Project of 2009. I highly recommend this book for anyone interested in seeing America become more energy independent.


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