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<blockquote data-quote="Up In Smoke" data-source="post: 4405183" data-attributes="member: 79702"><p>I agree completely, these two situations are completely different.&nbsp; In 2008-09 the financial crisis was brought on by loans and mortgages given to businesses and individuals that didn&#039;t qualify for them.&nbsp; Banking standards and loan to debt ratios were not adhered to.&nbsp; The virus followed in the recession&#039;s footprints.&nbsp; Today the virus came at a time when economy was good, people were working and businesses were profitable.&nbsp; We are now seeing how fragile those businesses truly were.&nbsp; The tax cuts of 2017 were used to buy back stock, increase dividends and inflate stock prices.&nbsp; Instead of companies using the money to diversify their assets and save cash for the next crisis, they spent it like the dollars would never stop coming.&nbsp; Now we have people out of work and companies out of money both with their hands out.&nbsp; 2008-09 should have taught everyone a life long lesson, but instant gratification is the way today.</p></blockquote><p></p>

[QUOTE="Up In Smoke, post: 4405183, member: 79702"] I agree completely, these two situations are completely different. In 2008-09 the financial crisis was brought on by loans and mortgages given to businesses and individuals that didn't qualify for them. Banking standards and loan to debt ratios were not adhered to. The virus followed in the recession's footprints. Today the virus came at a time when economy was good, people were working and businesses were profitable. We are now seeing how fragile those businesses truly were. The tax cuts of 2017 were used to buy back stock, increase dividends and inflate stock prices. Instead of companies using the money to diversify their assets and save cash for the next crisis, they spent it like the dollars would never stop coming. Now we have people out of work and companies out of money both with their hands out. 2008-09 should have taught everyone a life long lesson, but instant gratification is the way today. [/QUOTE]

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