I think that if you go back to 1900 or even earlier you will find there are recovery periods and recessions which are typically 1/2 of the length of
the recovery period. Under Bush and Clinton attempts were made to avoid
a recession after the recovery and some terrible steps were taken by both
to avoid a recession during their administration. By doing this they only set
up conditions that a recession would occur and it would be one heck of a
length of time since they extended the recovery period. Just before this recession I predicted it and recommended to all of my friends and family to pull out of the market to protect their investiments. Most thought I was saying the sky was falling and did not pay attention. It was a shame they
lost some large investments which could have been avoided.
The best way of handling the problem was to let things fail and the free market work. But even now that lesson is being missed and everyone is
talking about how they should do more unnatural things to stop the tide.
It will not work..The free market must be left alone to recover. There
are major changes in the way business's are doing "business'..All the money
you float at them will go down the black hole as they must find their
natural ways to continue to grow. We are the greatest country in the world
in making the democratic system work and only screw it up when we try to
"fix it" with some cash, social programs that allow people to collect money
without earning it, and so on. Remember the CCC camps under Roosevelt,
the work programs for roads, etc. His greatest give away was Social
Security and that was to protect the "older or disabled" and not the ones
fit to work.
Back to the point. We are under the longest recession because the last
administrations tried to ensure re elections and fooled around with our
system. It did not work in the past and it will not work now..The sham is
now hiring into the Government with extended programs. This does not put
the people back to work (e.g. 9.2 unemployment) it only makes it worse.