Changes

:::I do have some more thoughts.  Most US recessions are world-wide to some degree because we're the big kid on the block.  When we fall everyone feels it.  The Arab Oil Embargo after the Yom Kippur War grounded the economies of all of the West (if I remember correctly -- it certainly did here).  When the stock market first broke 1000 it went back under that level the next day -- and wouldn't come back for 10 years.  After the 2000 election the Nasdaq was at 3500, after Gore's run to take the Presidency it had dropped to 2700 and after 9/11 it was 1300 -- so we've had worse financial hits market wise as well.  Personally I don't like this downturn as I am invested in the market, but I don't think it does justice to the downturns that we have weathered in this nation.  And as for the big companies going out of business, is that because the economic situation was so untenable or because they just weren't that smart?  Look at the contract GM has with its union.  The workers get paid whether they're laid off or not.  Wasn't that a recipe for disaster during any downturn?  Did anyone twist the arms of the financial institutions to lend money like they did?  Was that an extremely unfortunate series of economic events that caused institutions to fold or circumstances that were half self-made and didn't require a deep recession to occur? [[User:Learn together|Learn together]] 03:58, 15 November 2008 (EST)

:::I do have some more thoughts.  Most US recessions are world-wide to some degree because we're the big kid on the block.  When we fall everyone feels it.  The Arab Oil Embargo after the Yom Kippur War grounded the economies of all of the West (if I remember correctly -- it certainly did here).  When the stock market first broke 1000 it went back under that level the next day -- and wouldn't come back for 10 years.  After the 2000 election the Nasdaq was at 3500, after Gore's run to take the Presidency it had dropped to 2700 and after 9/11 it was 1300 -- so we've had worse financial hits market wise as well.  Personally I don't like this downturn as I am invested in the market, but I don't think it does justice to the downturns that we have weathered in this nation.  And as for the big companies going out of business, is that because the economic situation was so untenable or because they just weren't that smart?  Look at the contract GM has with its union.  The workers get paid whether they're laid off or not.  Wasn't that a recipe for disaster during any downturn?  Did anyone twist the arms of the financial institutions to lend money like they did?  Was that an extremely unfortunate series of economic events that caused institutions to fold or circumstances that were half self-made and didn't require a deep recession to occur? [[User:Learn together|Learn together]] 03:58, 15 November 2008 (EST)