It's difficult to avoid the comparisons between the current sad state of financial affairs and the Great Depression. "This is not like 1987 or 1998 or 2001," Merrill Lynch CEO John Thain said at a conference on Nov. 11. "We will in fact look back to the 1929 period to see the kind of slowdown we are seeing now." Time depicted President-elect Barack Obama on its cover as Franklin Delano Roosevelt.
The libs and media know economies go through up and down cycles.They are trying to make the economy look horrible now while Bush is still in office. When things turn around,it will make Obama look more miraculous.Even if the bad economy drags on for a while they'll blame Bush but actually it's liberal policies that have us in the hole right now. If you look at the money an auto worker makes.it makes you wonder why Michagan's overall economy is so bad.My guess is that it's the crushing costs of the welfare state. This is the difference between republican and democrat spending. Republicans spend money on things that create jobs,the Dims spend money on things that creates dependent voters.Even Obama realizes this saying a million more jobs could be lost next year. The libs hatred of the private sector will get in the way of helping them.
We were in a recession in 2000-2001. On 9/11/2001, our world changed. George Bush pulled us up and out. He cut taxes and the economy started booming. Two years ago, the Democrats took over Congress. We have been going down hill ever since. So tell me again, whose to blame?
The difference is that we have a Global Socialist in charge now who was FINANCED by european commies like George Sores and now has to deliver..