by John C Smith

Created on: March 31, 2009

America has survived many other economical depressions with our spirit and innovation, why is this one so different?, During every other depression our country has always forged ahead with innovation and advances in technology, America has always come out of a depression stronger, wiser and better prepared for the future not because during the depression we funneled more and more tax payer dollars into the very businesses and industries that sent us into the depression in the first place.

Our exit from any economical down time was due to new innovations, new industries, new ideas. So why are we funneling so much money into the very industries that have caused this depression? I understand the need to save the jobs that these industries have produced millions of Americans rely on them to support their families. However many of these companies were founded during depression eras. When they were founded they were a contributing reason that America was able to grow, prosper and eventually escape the depression of that time period. Some of these companies may never have been started. If during other depressions the government focused all of their time and resources on saving the very companies that helped to bring about the depression in the first place. Historical fact during any depression it is and was never just a few random companies that caused the depression, Looking back in the times of our depressions the leading cause of the depression was a complete failure of industries. Today it's the Automotive industry, the banking industry and the insurance industry. Every company in those industries is in jeopardy of bankruptcy, they are all laying off hundreds of thousands of workers thus having a direct effect on the current depression.

History is our greatest teacher, It is a road map to what went wrong and how it was corrected. We can not expect to emerge from the current depression stronger in the future if we are concentrating a very large amount of our resources to help prop up the very companies that contributed to the current depression. At some point we must ask the question, "what will stop these companies from going bankrupt as soon as the funds we have already gave them dissipate" ? One has to wonder if for all of the trillions of dollars our government is handing out, are we just delaying the inevitable? These companies are going bankrupt for a reason, they failed so why should we believe that they can or will save us from this depression. I for one

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