Quote:
|
Originally Posted by 92bDad
As far as housing goes...what's the problem?
|
The problem is that a large portion of the resources available was put into a section of the economy where it was not needed. If resources are misalocated the market needs time to readjust and you call that a slowdown, recession, depression or whatever. - Simply put: Living conditions do not improve, because people have to be fired, businesses have to go broke for the market to return to its propper function. Now government steps in and tries to save those companies, tries to keep home prices up, etc. - When that happens, markets will not be able to adjust. You do seem to agree that nobody should be bailed out. But still you need to look at where the housing boom and the misalocation of resources came from in order to solve the economic problem. Simply getting "energy independence" won't do it.