[TigerLikesRooster]

Such a danger existed, and it was averted for now by Fed intervention.

On the other hand, the likely sequence of events then and now would be:

• U.S. economy goes into turmoil -->
• it affects Europe and the rest of the world, pulling them into economic crisis(a good portion of U.S. financial risks were outsourced) -->
• U.S. enjoys temporary respite -->
• U.S. joins the rest of the world.

In the end, there would be no decoupling.

[Caipirabob]

In the end, there would be no decoupling.

Coupled with the credit crunch (less economic growth all around) and "Green" energy policy (fuel deprivation for the American economic engine) we may have a temporary respite, but face a dismal future unless we can overcome the former two major issues sooner than later.

Since prospects for a conservative policy that promote growth is unlikely in the near future, I'm not very hopeful.

America has the ability and resources to overcome this. I just don't believe firmly that there's a majority that has either the will or intellect to do so.

If 9% pelosi has her way, her and her minions will strangle our nation to death.