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Reply #15: Lets look at another perspective... [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
hayu_lol Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-06-08 01:35 PM
Response to Reply #12
15. Lets look at another perspective...
welfare, disability, and SS are the three legs of a tripod of social services begun by Dems. Since both Obama and Edwards are too young to remember the depression, they may be making a mistake with their view of entitlement programs. The quoted saying by Obama indicates that.

This tripod of services have fully prevented another depression, although Bush's overspending may give us one anyway. So long as the entitlement programs run, money is fed to all money that wasn't there before.

Our recessions have been less severe and have lasted for shorter periods with fewer business failures than what happened as a result of '29.

Subprime is not so different than farm foreclosures during the 30s.
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