So far, two things appear to be true in history:
- A country that required through regulations that banks limit risks and hold sufficient assets in house to support loans, i.e., debt, were much better able to weather the financial storm. They didn't need to bailout their businesses.
- A country that saved during good times is better able to weather bad times.
So now we have a good President inundated with ideological arguments in Washington D. C., and ideology seems to be winning - everywhere. Which legislation do you want to talk about? How about the climate change bill? The gist of the reason it failed to pass is that the so-called "Conservatives" are determined to "conserve" the oil and coal industry instead of conserving our country. It appears that we're going to continue to pay Arab countries for oil instead of revolutionize our energy industries to Green Energy. Go figure that one out. Even if you don't believe in climate change, wouldn't it be a good idea to be self sufficient? We are going to be sorry we didn't do something, such as kicking the conservatives out of government entirely.