This letter is associated with the following article:
Letters
Wednesday, April 2, 2008 12:00 AM

The Great Depression: The sequel

Is it coming to a soup kitchen near you? Here's how we'll know if the current recession is turning into something much worse.

Read other letters about this article

  • Wednesday, April 2, 2008 02:02 AM

    The next Great Depression

    America's economy has become a stripped down motorbike, every time the Republicans have gotten in they have taken out the safety features in order to try and make it run faster, until finally you have reached a point where the economy has no breaks, the steering is wonky, and America, which is supposed to be riding this thing, isn't wearing a helmet.

    It is going to end in a mangled and horrible mess that may mean America as a whole either coming out crippled, or dead.

    The Great Depression was bad, but America's government had a certain amount of money with which it could deal with it. That money has been spent, and America is currently reaching a level of debt where it won't be able to pay it back.

    For what happens when countries go bankrupt, look at revolutionary France and the fall of the Soviet Union. Countries simply cease to exist in their current state when they go broke.

    Whoever wins these elections will either go down as one of the worst presidents America has ever had, or one of the very best.

    It will either be Hoover, or FDR in November.

Most Active Letters Threads

495

The crazy, irrational beliefs of Muslims

Tom Friedman explains the real problem: stupid Muslims think the U.S. is about war and aggression.
426

A key British official reminds us of the forgotten anthrax attack

A vast array of establishment and expert sources do not believe this episode was really resolved.
242

The face of rotted Washington

Evan Bayh demands more debt-financed war - fought by others - while boasting that he's a stern "deficit hawk."
210

Is Obama's civil liberties record understandable?

Was it unreasonable to expect him to adhere to his commitments regarding the Constitution?
111

How dare you criticize wasteful defense spending!

So you think it's only terrorist-appeasing lefties who are down on Pentagon profligacy? Think again

View all »

Letters Help

Currently in Salon