Economic change whether it be rising gas prices or changes in the business cycle elicit immediate concern and calls to action. The concern is warranted. Seems we often we over-react to bad news by excessive government response to "save or protect" us or our businesses (bailouts for instance), or by markets that rush in to over buy when the market heats up causing over exuberance and a bubble effect in stock prices. In these times we should be careful to rush to over-react here. Our children will suffer greatly with all this debt. The public often expects immediate action--if it's not better in 30 days, well major action is called for. Thing is with the business cycle, things will get better no matter what government does but it may be a year or more. The question is when it does did we create too much debt? Did we stimulate businesses and individuals in time to jump-start the economy effectively enough to minimize suffering and damage? Here is a good article:
Fox news article
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