It seems to be fixing itself right now.

lol it would be awesome if the current trend continued and the recession was over by the end of the year. Imagine the GOP rage.

yes, let us consult the infinite wisdom of 4chan.

afterward, I'll poll the nearest elementary school about how to solve the climate crisis.

If you listen to Obama, rebuild infrastructure? It needed doing anyway.

>>3741123
The nearest kindergarten is probably smarter than the average knowledge on 4chan (weighed down mostly by /b/ but still stupid on it's own)

>>3741128
especially here in Pennsylvania, our highways are total garbage not even worthy to carry vomit, much less trucks and cars. You come from Ohio and you're all "I love how smooth this riidddduh uhs...." as you cross into PA

>>3741105
They'd say that it was thanks to Bush and Cheney.

>>3741170
right after they blame Roosevelt for starting it all and those two for finishing it.

No one knows what the fuck they are talking about. No one.

Anyone who does is lying, or has convinced themselves that they really understand the issue after much research.

To put it into simple terms, America as a whole spent money that did not exist then banked on it. Since the money never existed or has a chance to exist, it disappeared. Because it didn't fucking exist.

American economy is fucking stupid, once you understand that statement fully then you will understand how useless any talk about it actually is.

Create an even larger national debt; print money to devaluate currencies and then add further restrictions to trading and finance.

Just like the Weimar Republic. Worked for them.

>>3741183
http://www.academicearth.org/lectures/stephen-schwarzman

Pretty decent summary.

Good lord, except for
>>3741185
this thread is actually filled with non-troll responses. To summarize:
1. Don't ask 4chan serious questions
2. Nobody can agree on the answers to serious questions
3. The gov't should do nice things that may or may not be related to the crisis

>>3741183
No. We spent other countries' money. It exists. Quit looking like an idiot. We either borrow from other countries, or print money when we go into deficit spending. The latter is not recommended. It only takes one macroecon class to know that.

Unrestricted capitalism leads to rampant and reckless speculation. It's what caused the Great Depression, and it's what caused the current crisis. That's all there is to it.

>>3741218
>non-troll posts
>hurr GOP sux

>>3741183
OK, so I've tried three times to quote this anon and point out the obvious hypocrisy in "NOBODY KNOWS WHAT THEY'RE TALKING ABOUT BUT I'M GONNA EXPLAIN ANYWAY" but fucking /r9k/ keeps muting me for unoriginal content so I'm just gonna post this longass and overlynecessary comment so I can get a small point across. GOOD NIGHT GENTLEMEN!

>>3741248

I do hope that you're talking about unrestricted central banks when you make that statement.

Although, I don't know that pseudo-governmental private banks are really all that laissez-faire, if that's what you mean by "captialism"

>>3741248
Governmental encouragement of lending to families with a greater likelihoodof defaulting on their mortgages, coupled with the boom of mortgages issued between 2002-6, was the problem. Not "unrestricted Capitalism" or any other soundbite.

>>3741248
This is true and the worst part is that, under Bush and some under Regan (throw clinton in too, what the hell) it was all legal what caused this so all we can do is try to not let it happen again since you can't send a killer to jail if you make murder legal

>>3741248
What does unrestricted communism lead to?

>>3741299
Magical gumdrop houses and free money for everyone, by the looks.

>>3740080
as of now there are major uptrends emerging nobody was expecting. It may be a false dawn but right now it looks like the worst is already over. Nobody knows why of course but damn it definitely would be great to witness the republican discomfiture since the public at large will credit Obama

>>3741315
>>3741299

Obama =/= communist, failtrolls

>>3741359
There was no suggestion of that.

>>3741404

Yeah really, let's stick with the facts. He's a gay,nigger, Commie-Nazi, terrorist from Mars! Jeez, I mean we DO have some valid points after all! Right?

>>3741335
I have counted at least 2 major uptrends in the months I have been watching the stock market. All of them lasted weeks, but all gains were erased at the end in days. Its called a dead cat bounce.

>>3741511
or like the old axiom: 1 step forward 2 steps back, as it were

The economy is going to fix itself soon enough.

AND THEN Obama's stimulus bill will start to affect the economy.

>>3741556
Don't assume it'll fix itself, that free market, self regulation stuff is all total bullshit, hell that's what got us into the worst part of the depression when Hoover (like Bush) sat on his ass after his successor was elected and just let shit get worse and preached "The free market will fix itself!"

Sound familiar?

>>3741591
Neither of those scenarios were free market economies or responded to in that way by the presidents. Stop making up history so you can blame the free market.

>>3741511
no this time its a lot of market indicators not just the stock market. I'm not saying its going to continue but it is different from the previous two.

Socialists will be just as upset as the GOP if Obama oversees a recovery

>>3741792
economic indicators I mean

>>3741740
So American didn't have capitalism or a free market in the 20's? Hoover tried to help people in the depression? How so anon? I don't make up history, people like YOU just twist it to remove the bad parts of your current party, nation, ethnicity, or what have you. Learn your history before you call mine lies.

The most amusing thing about laissez faire capitalism is watching its proponents constantly scramble around for explanations blaming everything but their favorite ideology when it fails.

This is generally how it goes:
1. Free market economy crashes and the government institutes regulation.
2. The economy recovers.
3. As the economy begins to grow, everyone forgets all about the reasons for the previous downturn, and give in to the free marketeers' constant calls for deregulation.
4. The newly-deregulated economy enters an unsustainable inflationary boom, attracting further free market cheerleaders.
5. The economy inevitably crashes again when the bubble bursts. Goto #1 despite the attempts of the free marketeers to blame the failure on the few regulations that hadn't been abolished.

>>3741856
More or less, I think you forgot the part about politicians going "I never voted for that" "Sir, it's on tape, in writing, and we have a dozen witnesses" "That wasn't me, it was <insert current scapegoat> their evil friends"

>>3741856
>Free market economy
>America's current economy
You're an idiot.

Economy's doing bad because people are doing bad. Seeing as to how USA has had the highest GDP for a while now, it's safe to assume that she has the largest impact. The people of the USA are able to make free choices in their market, and as we've seen in the news some head figures have made bad decisions. Therefore, the market suffers because the impact these individuals held was spent negatively. In order to maximize efficiency, people need to stop fucking around and just do as their told. This means none of the "depression" bullshit, none of the "disability" bullshit, and none of the "welfare" bullshit. Social Darwinism, morons. Look into it.

>>3741952
Hurf durf, because a society without any social safety nets is rock steady, amirite? No, no, if we just buckle down and toss everyone who isn't a Randian ubermensch out on the street to starve, everything will get all better.

>>3742016
Because the people who are not working right now are doing so much to help us out of this situation, huh? Drop the fucking moralfag act and wise up; if you're not making money you're wasting it. Get out and get a job, then work that job to the bone. If everyone did that and actually thought twice before splurging on something like a plasma tv, maybe we'd have a better turnout than what we're currently getting with everyone making excuses for themselves. Fucking slackers, the lot of you.

>>3741856

America has never been laissez-faire.

>>3742048

protip: yeah, and Belgium's GNP is made up primarily on the export of delicious waffles.

>>3742048
Lrn2industrialrevolution. Obviously this has never been 100% in effect because it would then be synonymous to anarchy, but it's been so close at certain historical periods that it can be considered an actual possibility.

>3741591

Your history is distorted. Hoover was not a non-interventionist, and the 20s were NOT laissez-faire (although much freer than our economy is now).

The most amusing thing about keynesian stealth socialism is watching it's proponents constantly scramble around for skapegoats blaming everything but their state run central banks and favorite government sponsored enterprises when it fails.

This is generally how it goes:
1. During a normal business cycle or otherwise, demagogues round up the unemployed and convince them to demand help from the state instead of allowing market forces to take their course and find a new way to make money.
2. Corrupt officials and their cronies jump at the excuse to open up more loopholes to create monopolies and advance the rest of society along the road to serfdom.
3. As the permanent depression lingers, ordinary people and corporations begin to think this is all perfectly normal and when growth does occur again they believe this means the depression, along with it's cause, is over.
4. At the same time businesses tied to the state receive special rights and tax breaks bloating to many times their actual value, to keep the bubble from bursting the state must lower interest rates to ridiculously low levels or remove some of their own regulations.
5. The economy inevitably crashes again when the bubble bursts. Goto #1 if stealth socialists succeed in blaming the failure on the few regulations that had been abolished.

>>3742077

Actually, America was the least regulated BEFORE the Civil War. After the Civil War, the Republicans dominated. They promoted protectionism, regulation and public spending.