So how can America get the next recession right?

This is tongue firmly in cheek and oversimplifies somewhat (for the fly-over state people) but here is how to sort out a few (not all) of Americas problems and now not to FUBAR it again, like last time.
When the market hits bottom, no one gets a bail out. That policy is solid and announced out loud.
Instead the govt enters the market itself and buys stock at market prices. Buying up any listed stock it sees a future for or a need to support.. As the new owners, they have the right to replace the board and management as they see fit and run the businesses on the basis of no govt support and competitive innovation with the worlds best practice, not needing to meet profit targets for the next quarter, they can think longer term.
Those that make it, earn their place in the market and as the market price lifts, they can be sold back. If they fail, they fail.
This is called the FREE MARKET, without lobbyists tilting the field and political donations making it crooked. And the fact that the business failed in the first place means a loss for the share holders who bought into a second rate investment, not a payout by tax papers.
Of course this is never going to happen.. Not in todays America.

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SW-User

Calling something “too big to fail” is just another way of saying “it’s too big”. It’ll never happen, but an analysis should be performed to determine which companies are still “too big to fail” without causing economic catastrophe. Any company deemed “too big to fail” should be proactively broken up systematically so that it can’t take large swaths of the economy with it during the next recession. There is precedent for this in breaking up monopolies and denying mergers of companies that would create something “too big to fail”. I don’t expect this will ever be done, but it’s something that should be considered to safeguard the economy for the next recession, which will eventually happen.

whowasthatmaskedman · 70-79, M

@SW-User The whole concept of "Too Big to Fail" only works if you control the game. That barely applied to the US at the last GFC and no longer applies at all. America can print maoney to cover her losses for a while. But that cure now has a limited use and very limited life span. The bill will need to be paid.
To give you a working simile. If you own a repair shop, you can keep your old clunker on the road forever, no matter how much it costs. Money isnt the point. The car just needs more work. But when you dont own the repair shop and have to pay, that thing is headed for the scrap yard. Its not too big to fail. Its too expensive to keep.

SmartKat · 56-60, F

There isn’t going to be any recession. The rich, powerful people like to start that rumor every few years so people will get scared and be easier to manipulate.

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SmartKat · 56-60, F

@whowasthatmaskedman The U.S. doesn’t “produce” anything anymore - except overpaid executives.

whowasthatmaskedman · 70-79, M

@SmartKat Exactly. Which makes it vulnerable to other economies, not a driver of them.

Grateful4you · M

@whowasthatmaskedman Such a smart man, "and America blinked" Indeed we did.

Grateful4you · M

We aren't worried our fearless leader says, "We have plenty of cash and our economy is booming" it us left wing communist making up stories that and the ever-looming fake news making much ado about nothing.

whowasthatmaskedman · 70-79, M

@Grateful4you And that was sort of true , when economies were insulated from each other and backed by Gold. But since Money went global, no nation now has control over its loyalty. A Luxury America had through to about 1970 thanks to the Marshall plan system in Japan and Germany. After that America turned its back on what made those plans work. After that is was mass and momentum that kept America ahead of the game. But now you have the Goliath of China in front of you and the Emperor of the knuckle draggers tying the nations shoelaces together.

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whowasthatmaskedman · 70-79, M

@SmartKat Its only socialism when the Democrats do it.

Grateful4you · M

@whowasthatmaskedman Absolutely, he confuses social programs with socialism, we've had social programs in place for many decades. I'm mostly an independent but have gone Democrat in recent years.

whowasthatmaskedman · 70-79, M

@Grateful4you Even if you are not a Democrat, I think this President has done enough damage for people to turn out to vote AGAINST him, just to stop the madness.

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