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Old 03-26-2008, 09:46 AM
eleanoraquitaine eleanoraquitaine is offline
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THIS TIME WHEN THE DEPRESSION HITS< foreign interests will make the killing not Americans
That is silly hyperbole. We haven't even had a quarter of negative growth yet, not even anything close to what can be called a recession. The assets and strengths of the American economy are extremely diversified and resilient. A big, extremely predictable bubble in the real estate market burst just as bubbles always burst. The tax cuts aimed at easing the damage are huge, along with the lower interest rates. They will solve this short term crisis easily and we are unlikely to have even one negative quarter.

On the other hand, oil prices are driving inflation and entitlement programs will bankrupt our country and completely enslave our youth under oppressive taxes for the benefit of only the baby boomers, so we really have much more important things to deal with than crying wolf about short term "depression."
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