People might actually start listening to Libertarians.
And now I deviate from the thread format with my thoughts...
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Also, this crisis has allowed Obama to take measures he normally would not have been allowed to take, such as spending billions in green research, science and technology. Who knows, maybe in 5-10 years the US will become the leader in new technology and innovations, and become self-sufficient and not need to rely on middle east oil anymore.
The private sector should be the ones spending that money (possibly with some Government tax breaks and the like). This is not the role of government as outlined in the Constitution. Further, much of the money is being spent in ridiculously ineffective ways. There is no such thing as clean coal.
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They say that the younger generation will actually benefit from it. Houses are much cheaper now, and by the time the young people retire, the recession will be long gone, so really the only major way it's affecting younger people is that they are able to afford nicer areas than they'd normally be able to.
This is assuming that the recession does not become a depression. There are a number of people who correctly predicted this whole mess who are saying we're in for even worse things in the future. As long as people are greedy, and as long as the Federal Reserve is willing to artificially lower interest rates (again), I don't see it getting better.
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I don’t hear anything on the news from the idiots who wanted people to invest their social security taxes in the stock market.
There are still plenty of places to safely invest. People should absolutely have the option to opt-out of SS, or at the very least invest it safely (SS is not safe). Calling those people idiots is...something you probably shouldn't do. Investing in high-risk over SS is kind of dumb, but investment alternatives to SS is not dumb at all.
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Maybe then we can stop living in an economy and get back to living in a community.
Socialism on a national level is no longer viable in this world economy. If you want Socialism, it will have to be multinational. Considering that won't happen in our lifetime, I hope they turn towards a truly free market. Free markets get a bad name because people think our current economy is a free market (it isn't).