Samuelson's points are clear. If we are not careful with our economy, we will begin a 1929 crisis. The same thing happened in 1929 with te stock market crashes. When the stock market crashed, America went into an ugly depression. Causing 25% of the America's population to be unemployed.
He states that in 1929, the stock market crashed causing America to absorb into a recession. He believes, with the $700 billion bailout, we could unfortunately get into a recession and worse, a depression. He then states that the government is taking ahold of the situation a little faster than in 1929.
A few examples that we might be going to into a recession is that the government gave out $700 billion to help with bills. Also, America, in the 1920's borrowed a lot of money cars, transportation, houses and such. Isn't this prettymuch the same thing? Back then, we loaned money. Now, we are loaning money. Back then, we got ouselves into a recession. Now, what will happen?
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