"lupowell" wrote in message
...

"HK" wrote in message
m...
Zombie of Woodstock wrote:
http://www.bloomberg.com/apps/news?p...d=aaaBdVMkjPnU

Kind of gives you the flavor of things to come.



What we have today is the afterbirth of eight years of Republican
mismanagement and looking the other way. Not surprising that the
corporationists are a bit worried...because it is possible they won't
have the entire golden calf to consume by themselves.


Keep your head buried in the sand. Nothing stays the same. It's Obama's
economy, Obama's war, and Obama's deficits now. More debt incurred since
January 20, 2009 than in eight years of Bush, and you still use that tired
mantra. For shame!


Forgetting about blame for a second, the biggest problem I think we face
with Obama's domestic and economic policies is this:

The US has had a national debt that has been growing for many decades. By
itself, debt isn't necessarily bad. It can fuel growth and spur on an
economy. The debt we have had in the past has been low risk to the lenders
because of our economic growth and strength.

But the debt Obama is putting in place in the first 6 months of his
presidency is astronomical, both in amount and in time. The biggest problem
is that it is based on capital, current or future, that we simply don't
have, nor will we.

That is unique in the history of this country. Never happened before, and
not a single economic expert can predict what the ramification will be, near
term and in the future.

Eisboch