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Forum Post: This Recession Wasn’t Bad Enough

Posted 2 years ago on June 1, 2012, 5:49 p.m. EST by AlternativeSynergy (224)
This content is user submitted and not an official statement

This recession wasn’t bad enough for voters to force government policy changes needed to reduce income inequality. The Great Depression was however, and we put in policies to reduce the cause of the Depression, which was the vast income inequality of that time. Now that inequality is back to the level that it was before the Great Depression, the safety nets cushioned the blow of the financial meltdown and caused voter complacency. Unfortunately this time the government resorted to showering printed money on the banks and that kept us from going into a full blown Depression. We are on borrowed time (and money) however, and until we go back to the tax and spending policies that got us out of the last Depression, we will not be out of the woods.

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[-] 2 points by foreeverLeft (-264) 2 years ago

Econ