Saving the Economy From the Great Depression
November 30, 2008 6:15 pm MiscellaneousMuch is needed to be done to save the current economy from sinking into siltation like that of the Great Depression. Many people are hurting since the stock market has tanked and seems to be sinking further.
The Fed is not announcing good news and companies are not reporting good earning outlooks. Instead, companies are reporting more layoffs and cutting earning projections daily.
This is no good for people trying to gain confidence in the economy. The government is trying to help but how effective their policies are is questionable. Most people are holding cash instead of investing or spending.