Did the Bailouts Save the Economy?
Warren Buffet says the government efforts for bailout prevented another Great Depression. Nothing has been fixed. Stimulus was borrowed from the future. Debt was the problem to begin with and we have more of it now. Borrowing and spending does not make a recovery. Soon interest payments on debt will be enough to kill any recovery as you know it. Deflationary crash is coming. Individuals, state, local, federal governmers will not have disposable income left to spend. This is the mother of all crashes. 2008 was just the warmup.
http://www.tradingstocks.net/html/prepare_for_market_crash.html
Our problems are not because of what we are doing today. But because of what we have done for the last 70 years. An entire nation cannot borrow non-stop for decades, inflate the money supply with borrowed money and then hope that all will be fine when the pay back time arrives. Deflation cannot be avoided after credit inflation runs it's course. Great Depression will pale compared to the coming crash. Reforms cannot prevent it. Cause is in place. Effect will follow.
Using economy as an excuse, government and the FED are merely transferring wealth from tax payer, middle class, and savers to the bankers and the wall street. It is not a bailout, it is a robbery. Rich is getting richer at a faster pace.
This is a ponzi scheme being run by the government and the FED for decades. They keep inflating the money supply faster than the GDP growth! Then they look at GDP numbers and say "Hey, we are growing!" It is now taking $6 of debt to increase GDP a paltry $1. This ratio is going to get worse!