On 02/07/2010 3:18 PM, bpuharic wrote:
On Fri, 2 Jul 2010 10:45:55 -0700 (PDT),
wrote:

On Jul 2, 1:22 pm, wrote:
wrote in message


Obama grabbed the steering wheel as the US was careening down the
road, and promptly drove us right over a 3 trillion dollar cliff.

and it was working. until the right came in and said we need to give
MORE money to the rich to protect THEM


You can't dig yourself out of a hole by digging the hole deeper.

gee. how did the depression of 29 end?

we spent our way out.

Actually not entirely. Europe opened up their bank accounts and
borrowed and sold what they could to raise money for American goods to
fight the war. Only after recovery in Amerca was well under way and
with budget under control start to borrow and then entered the war.

It took DC almost 10 years to get its spending and then debt under control.

And what really drove it was people producing exports people wanted and
would pay for.

The
spending has to stop, and then you just have further to fall.

Welcome to the Obama Recession.s

sorry sport. bush was pres when the depression hit in 2007

You are partially right here.

2006 congress putzed with money creation and stupid low interest rates
letting debt go rampant. Making Bush was president for the begining of
the recession. Bush did start the corruption when democrats asked the
lame president to bailout banks, and later with president elect Obama's
support. In fact, Obama has not once been against bailouts.

Obama made it a depression. Really pounded it in hard with the DC black
hole for money and debt growing like dandilions. Just added to the
mess, see GMAC a 4 time welfare bailouts.

And the recession really began in earnest in Sept. 2008. About 1 year
after congress openly ignored the interest rate invesion of 2007.
Interest rate inversions lasting longer than 2 months have preceeded
every recession/depression to date, or at least as far back as 1870.

In reality, Congress started this mess and when Obama looked like he was
going to be the winner, the market crashed in Sept 2008 anticipating
Obamanation in November. Market always is and always has been a crystal
ball into the future.

--
We all work for government, they ceased working for us a long time ago.