Quote:
Originally Posted by Slipknot
Artificially postponing recession(not depression) by bailing out your buddies instead of allowing ebbs and flows which seems more stable to me, is a mistake but I am not an economist, I just know right from wrong. The government is not supposed to be in the business of making money, that is not their purpose but you go ahead and ask me stupid conjecture about tanking. If you do things right to begin with instead of repeating the same mistakes, things would be fine.
So everything is just rosey in your world, but others not so much
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The government didn't make money off of HARP. I am not sure where you are getting that. If you are talking about bailing out buddies, I assume you are referring to TARP which was the work of Bush and Paulson. Neither TARP or HARP postponed the recession, the recession had already occurred. The increase in gdp ended the recession. Regulations were put in place were to prevent repeating the same mistakes. First thing the current administration did was reverse many of those regulations setting the table for a repeat. It wasn't a stupid conjecture about tanking, it was about the reality of the potential outcomes of action vs inaction.