[Z06PDQ]

Originally Posted by Y2Kvert4me

Honestly? yes.

Markets correct themselves. This one unfortunately went up for far too long, and far too high, before reality finally set in. Some got rich, some found out what their ass looks like w/o using a mirror. It's not unlike any other gamble.

Since your question implies, do we need nanny to fix it? No, that's the absolute last thing we need. We need to learn from our mistakes and become more responsible in our future endeavors. That's exactly opposite of what our current administration feels. They are now propping those butthurt people up with money that doesn't exist, how in the hell can that be a positive thing??

History has shown us over and over than anytime the Gov't needs to step in and intervene, the outcome is an uber-complicated mess that rarely ever resolves the root issue.

I am, and always will be, a fan of less Gov't, and more personal freedom.

the "just let the markets work" ideology & lack of regulation are a big part of what caused our economic implosion.you are right in using the "bubble" analogy, but saying that the very system that brought the house of cards crashing should just be trusted to put it all back together again like some economic Humpty Dumpty would have ruined us. do you really realize how close we came to the Greatest Depression the World has ever known with this type of thinking?? I agree that we aren't out of the woods yet, but we were in an emergency situation that demanded immediate action. I submit that we *are* "learning from our mistakes".....the biggest mistake we made was saying "just let the markets work" for too long.