Prominent Financial Manager and Economic Analyst Morgan Housel ( The Motley Fool ) explains why President Obama, Ben Bernanke, Tim Geithner and the present Government have avoided The Worst and have done an excellent job with the Economy

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The TARP bank bailout program, the 2009 stimulus package, and the Federal Reserve's unprecedented amounts of quantitative easing (money printing) have been the right policies to avoid worse results of a bigger recession or even the start of a depression.

Comparing current job losses to the Great Depression and several other severe financial crises in European Countries and Japan, you can appreciate that the U. S. Government has done a good job of avoiding the worst results, even in the middle of irrational opposition.

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Why It's So Much Better Than the Great Depression
By Morgan Housel
April 24, 2012


Why It's So Much Better Than the Great Depression


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