View Single Post
  #14  
Old 02-27-2009, 02:08 AM
NateR's Avatar
NateR NateR is offline
Administrator
 
Join Date: Jan 2009
Posts: 5,738
Default

Quote:
Originally Posted by logrus
True, yet my point is the government tried different tactics to jump start us back to where we were before the crash. The War as bad as it was really did come at a good time in our history.

Reagan didn't get the perfect country thats for sure, but still you look at where we ranked back then and where we rank now its really is different.
I agree in that there are a lot more factors against us now. In some ways, this could potentially be a worse crisis than the Great Depression, because in 1929 we didn't have the credit market, trillions of dollars of debt, and all of our money was still on the Gold Standard.
__________________
Reply With Quote