The little known market crash of 1927 and why Obama should look to the past for answers...

[Joey Budka]

Did you know that before the Great Depression and the stock market crash of 1929, there was a much small market downturn in 1927. It wasn't big news and still is unheard of today for one reason: no government involvement. When the 1927 recession set in, the government allowed the free market to correct itself, which it did with ease. 2 years later, the stock market crash of 1929 ushered in an era of endless government intervention.

Today, we still see the same expansion of government realized during the Great Depression. The government is full of theory-driven bureaucrats who aced economics during there many years learning in school, and not in the real world. And, now that these "educated" economic politicians are beginning to realize fiscal monetary policy is there most effective weapon against a recession, they now are faced with the real world more than ever before. When the Fed announces it has raised or lowered interest rates for whatever reason, this coupled with the aimless giving away of TARP funds is supposed to save the most complex economic system known to man????

I must be missing something...