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Originally Posted by NoDrama
Well you can't argue against ones intuition, I feel you are very wrong, but I can't hold it against you. There are so many more things yet come to pass, Option ARM defaults, Commercial Real Estate is going to start collapsing at the end of this year. If the cap and trade bill is passed that will do a huge amount of damage also. When the banks are forced to mark to market all those valuless Derivatives and need another bail out.... Its not JUST Obama's doing, its been happening since Reagan. We all are to blame, not just the greedy evil bankers and bought and paid for congress and presidents.
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You're right in that our current problem is the result of many factors over many years. The blame is spread all around - individual actions all the way up to those of the government. Recent economical news has been disheartening, but I do think the turn around will begin in early 2010. I look at cycles and trends and wholeheartedly believe that rhetoric and propaganda have a huge hand in this debacle. But I don't know - we will see. I hope some democrats start to stand up to Obama and hold him accountable - esp. with 60.