Jimmy,
we are far from a depression,unemployment rate is 7% (not 25% like in a depression) we have had one qtr in the last 31 with a negative GDP,that means 30 consecuctive qtrs of POSITIVE GDP growth.Lets also not forget last time I looked we have not been attacked since 9/11.And one other point reguarding the finacial mess and wall street crash,there is more then enough blame to go around,invesment bankers,CDS and rating agents like S&P but if you do your research you will see the biggest cause is the socialist rules put in by the Democrats,CRA and the Clinton administration that tried to make renters who had bad credit and NINJ loans set the boulder rolling down the path to where we are today.Raising taxes(cap gains for instance) the Democrat/Obama plan has never worked in a slowdown and will put us much closer to a depression then we are now.
Last edited by Dave K; 10/31/08 05:56 PM.
